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Acadia Realty Trust (AKR) President and CEO Kenneth F Bernstein sells 75,000 Shares

February 17, 2012 | About:
insider

insider

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President and CEO of Acadia Realty Trust (AKR) Kenneth F Bernstein sells 75,000 shares of AKR on 02/17/2012 at an average price of $21.99 a share.

Acadia Realty Trust has a market cap of $929.6 million; its shares were traded at around $21.96 with a P/E ratio of 21.2 and P/S ratio of 6.2. The dividend yield of Acadia Realty Trust stocks is 3.3%. Acadia Realty Trust had an annual average earning growth of 4.5% over the past 10 years.


This is the insider trade history vs. stock price of AKR. For the complete insider trading history of AKR, click here.




Directors and Officers Recent Trades:


  • Sr. Vice President Joseph Napolitano sold 11,016 shares of AKR stock on 02/13/2012 at the average price of 21.9. Joseph Napolitano owns at least 118 shares after this. The price of the stock has increased by 0.27% since.
  • Executive Vice President Joel L Braun sold 3,376 shares of AKR stock on 01/06/2012 at the average price of 19.55. Joel L Braun owns at least 47,012 shares after this. The price of the stock has increased by 12.33% since.
  • Senior Vice President Richard Hartmann sold 200 shares of AKR stock on 01/06/2012 at the average price of 19.55. Richard Hartmann owns at least 3,776 shares after this. The price of the stock has increased by 12.33% since.


For the complete insider trading history of AKR, click here.

About the author:

GuruFocus - Stock Picks and Market Insight of Gurus

Tickers in the article:

  • CEO Buys, CFO Buys: Stocks that are bought by their CEO/CFOs.
  • Insider Cluster Buys: Stocks that multiple company officers and directors have bought.
  • Double Buys:: Companies that both Gurus and Insiders are buying
  • Triple Buys: Companies that both Gurus and Insiders are buying, and Company is buying back.

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Why CEOs Are Buying Stocks Of Their Own Companies?

  1. As legendary investor Peter Lynch said: "Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise."
  2. TOP EXECUTIVES like CEOs and CFOs are savvy buyers of their companies' shares. One long-term study showed that they beat the market on average by six percentage points a year.
  3. Another study found that the aggregated activities of insiders can serve as a good indicator to locate market bottoms. Insiders as a whole are smart investors of their own companies.

Click it to Check Out What the CEO Are Trading


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