AKR Crosses Above Average Analyst Target Tuesday, January 9, 6:27 AM ET, by Market News Video Staff In recent trading, shares of Acadia Realty Trust (AKR) have crossed above the average analyst ...
AKR April 19th Options Begin Trading Thursday, February 15, 10:54 AM ET, by Market News Video Staff Investors in Acadia Realty Trust (AKR) saw new options begin trading today, for the April ...
Acadia Realty Trust Reaches Analyst Target Price Wednesday, April 24, 7:53 AM ET, by Market News Video Staff In recent trading, shares of Acadia Realty Trust (AKR) have crossed above the average analyst ...
Investors Grab AKR Even Lower Than Its Secondary Stock Offering
By Market News Video Staff, Thursday, October 3, 10:22 AM ET
Looking back to 2 days ago, Acadia Realty Trust (NYSE:AKR) priced a 5,000,000 share secondary stock offering at $23.25 per share. Buyers in that offering made a considerable investment into the company, expecting that their investment would go up over the course of time. In trading on Thursday, bargain hunters could buy shares of AKR and achieve a cost basis 2.5% cheaper than those buyers, with shares changing hands as low as $22.66 per share.
Secondaries can often present buying opportunities for bullish investors interested in purchasing shares, because the sudden extra supply of stock tends to require that the offering be priced at an attractive discount to where the stock had previously been trading before the offering announcement. At last check, Acadia Realty Trust shares are currently trading down about 1.6% on the day. The chart below shows the one year performance of AKR shares, versus its 200 day moving average:
Looking at the chart above, AKR's low point in its 52 week range is $13.24 per share, with $23.56 as the 52 week high point — that compares with a last trade of $22.70.
The current annualized dividend paid by Acadia Realty Trust is $0.76/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 09/30/2024. Below is a long-term dividend history chart for AKR, which can be of good help in judging whether the most recent dividend with approx. 3.3% annualized yield is likely to continue.
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