Acadia Realty Trust (NYSE:AKR), watched as a high level insider executed a transaction that began last week and was officially filed today, September 8th, resulting in the lowering of their holdings with the company. Director Lee S. Wielansky disposed of 10,000 shares of common stock at an average price of $28.767 per share. Following this move, Wielansky now holds a total of 42,899 shares directly with the company. Moreover, Acadia Realty Trust (NYSE:AKR) is a $1.71 billion market cap real estate investment trust (REIT). The Trust is focused on the ownership, acquisition, redevelopment, and management of retail properties and urban/infill mixed-use properties with a retail component located primarily in barrier-to-entry, supply constrained, densely-populated metropolitan areas in the United States along the East Coast and in Chicago.
In addition, among the outside investors in the corporation is Fisher Asset Management, the hedge fund run by billionaire Ken Fisher. After lowering its activity by 4% last quarter, the fund now holds about 1.1 million shares worth around $31.7 million.
Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.
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