Christopher Conlon Sells 7500 Shares of Acadia Realty Trust (AKR) Stock

Ivan Schwartz
March 21, 2017

Evercore ISI cut Education Realty Trust from a "hold" rating to an "underperform" rating in a research report on Friday, March 3rd. They now have $6.00 price objective on the real estate investment trust's stock, down from their prior price objective of $8.00.

The offering was being made pursuant to the Company's automatic shelf registration statement filed with the Securities and Exchange Commission (the "Commission"), which became effective on February 24, 2017. Education Realty Trust had a return on equity of 2.86% and a net margin of 16.26%. The stock was trading on below-average volume. (DLR) closed 5.44% above its 200-day moving average and is -1.08% below another chart threshold, its 50-day moving average. The company had revenue of $73.70 million for the quarter, compared to analysts expectations of $74.00 million.

The company has PEG ratio of 8.53 and price to cash ratio of 400.88. The EPS consensus range is $0-$0 on revenue between $89.4M and $87.97M. Earnings per share for the recently concluded quarter is expected to come in at $0 a share.

The business also recently announced a quarterly dividend, which will be paid on Friday, April 14th. This represents a $1.52 dividend on an annualized basis and a yield of 3.81%. The ex-dividend date of this dividend was Friday, January 27th. Physicians Realty Trust (DOC) published its most recent dividend on December 23, 2016 with payable dividend per common share of $0.23. It improved, as 27 investors sold Brandywine Realty Trust shares while 70 reduced holdings. Capstone Asset Management Co. increased its position in Kite Realty Group Trust by 1.0% in the third quarter. Louisiana State Employees Retirement System now owns 33,600 shares of the real estate investment trust's stock worth $242,000 after buying an additional 300 shares during the last quarter. Northern Trust Corp boosted its stake in Education Realty Trust by 9.8% in the third quarter. Thrivent Financial for Lutherans now owns 36,698 shares of the real estate investment trust's stock worth $1,552,000 after buying an additional 1,000 shares during the period. BlackRock Fund Advisors now owns 4,456,516 shares of the real estate investment trust's stock valued at $192,254,000 after buying an additional 1,011,522 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Kite Realty Group Trust by 1.5% in the third quarter. Envestnet Asset Management Inc. now owns 38,824 shares of the real estate investment trust's stock worth $1,644,000 after buying an additional 2,464 shares during the period. Finally, Resolution Capital Ltd boosted its stake in Acadia Realty Trust by 3.0% in the third quarter. The firm's stock has a market capitalization of $16.48 bln. Analyst had a consensus of $0.30.

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But with the equity now in the red on a year-to-date basis, a round of downbeat brokerage attention could spell even more trouble. The company reported ($0.63) earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of ($0.70) by $0.07.

Analysts are speculating a 11.58% move, based on the high target price ($24) for the shares that is set to reach in the next 12 months.

According to Zacks brokerage recommendations, Digital Realty Trust, Inc.

Company has reported several Insider transactions to the SEC, on Nov 28, 2016, Tommy G Thompson (director) purchased 2,100 shares at 18.05 per share price.On Nov 14, 2016, Albert Jr Black (director) purchased 4,439 shares at 17.50 per share price.On Sep 12, 2016, John T Thomas (President and CEO) sold 15,000 shares at 21.79 per share price. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of "Hold" and a consensus target price of $48.10. Virginia Retirement Et Al invested 0.02% in QTS Realty Trust Inc (NYSE:QTS). The Company is focused on the ownership, acquisition, redevelopment and management of retail properties located primarily in metropolitan areas in the United States.

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