Revenue Update on Acadia Realty Trust(NYSE:AKR)

Acadia Realty Trust(NYSE:AKR) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 26, 2016. Company reported revenue of $35.19M. Analysts estimated a revenue of $40.51M. Earnings per share were $0.37. Analysts had estimated an EPS of $0.37.

Acadia Realty Trust (AKR) made into the market gainers list on Fridays trading session with the shares advancing 1.40% or 0.52 points. Due to strong positive momentum, the stock ended at $37.66, which is also near the day’s high of $37.98. The stock began the session at $37.07 and the volume stood at 8,09,260 shares. The 52-week high of the shares is $38.01 and the 52 week low is $28.34. The company has a current market capitalization of $2,850 M and it has 7,56,70,695 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On May 10, 2016, Wendy W Luscombe (director) sold 315 shares at $35.46 per share price.Also, On May 9, 2016, Robert Masters (Senior Vice President) sold 6,000 shares at $35.20 per share price.On Feb 25, 2016, Douglas Ii Crocker (director) sold 3,000 shares at $33.12 per share price, according to the Form-4 filing with the securities and exchange commission.

Acadia Realty Trust is a real estate investment trust (REIT). The Trust is focused on the ownership acquisition redevelopment and management of retail properties located in metropolitan areas in the United States. The Trust’s Core Portfolio consists of street retail and urban assets as well as suburban properties located in high-barrier-to-entry densely-populated trade areas. It also makes investments in first mortgages preferred equity and other notes receivable collateralized by real estate (Structured Finance Program) either directly or through entities having an ownership interest therein. The Trust operates in three segments: Core Portfolio Funds and Structured Financing. All of the Trust’s assets are held by and all of the Trust’s operations are conducted through Acadia Realty Limited Partnership (the Operating Partnership) and entities in which the Operating Partnership owns an interest. The Trust has approximately 700 leases.

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