In the past week, AKR stock has gone up by 0.55%, with a monthly decline of -2.51% and a quarterly plunge of -4.00%. The volatility ratio for the week is 2.30%, and the volatility levels for the last 30 days are 2.22% for Acadia Realty Trust The simple moving average for the past 20 days is -1.43% for AKR’s stock, with a 4.78% simple moving average for the past 200 days.
Is It Worth Investing in Acadia Realty Trust (NYSE: AKR) Right Now?
Acadia Realty Trust (NYSE: AKR) has a price-to-earnings ratio that is above its average at 82.17x. The stock has a 36-month beta value of 1.46. Opinions on the stock are mixed, with 2 analysts rating it as a “buy,” 1 as “overweight,” 3 as “hold,” and 0 as “sell.”
The public float for AKR is 101.82M, and at present, short sellers hold a 3.03% of that float. On April 03, 2024, the average trading volume of AKR was 1.19M shares.
AKR) stock’s latest price update
The stock of Acadia Realty Trust (NYSE: AKR) has decreased by -3.26 when compared to last closing price of 16.86. Despite this, the company has experienced a 0.55% gain in its stock price over the last five trading sessions. Business Wire reported 2024-04-02 that RYE, N.Y.–(BUSINESS WIRE)–Acadia Realty Trust (NYSE:AKR) (“Acadia” or the “Company”) will release its first quarter 2024 earnings on Monday, April 29, 2024, after market close. Management will conduct a conference call on Tuesday, April 30, 2024, at 11:00 AM ET to review the Company’s earnings and operating results. Participant registration and webcast information is listed below. Live Conference Call: Date: Tuesday, April 30, 2024 Time: 11:00 AM ET Participant Call: First Quarter 2024 Dial-I.
Analysts’ Opinion of AKR
Many brokerage firms have already submitted their reports for AKR stocks, with Truist repeating the rating for AKR by listing it as a “Hold.” The predicted price for AKR in the upcoming period, according to Truist is $18 based on the research report published on January 16, 2024 of the current year 2024.
Jefferies, on the other hand, stated in their research note that they expect to see AKR reach a price target of $20, previously predicting the price at $15. The rating they have provided for AKR stocks is “Buy” according to the report published on January 02nd, 2024.
Compass Point gave a rating of “Neutral” to AKR, setting the target price at $16 in the report published on November 30th of the previous year.
AKR Trading at -2.73% from the 50-Day Moving Average
After a stumble in the market that brought AKR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -8.00% of loss for the given period.
Volatility was left at 2.22%, however, over the last 30 days, the volatility rate increased by 2.30%, as shares sank -2.63% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -3.38% lower at present.
During the last 5 trading sessions, AKR rose by +0.55%, which changed the moving average for the period of 200-days by +14.46% in comparison to the 20-day moving average, which settled at $16.52. In addition, Acadia Realty Trust saw -4.00% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at AKR starting from ZOBA C DAVID, who purchase 1,000 shares at the price of $16.30 back on Mar 15 ’24. After this action, ZOBA C DAVID now owns 2,700 shares of Acadia Realty Trust, valued at $16,300 using the latest closing price.
NAPOLITANO JOSEPH, the Sr. VP of Acadia Realty Trust, sale 49,525 shares at $16.77 during a trade that took place back on Mar 04 ’24, which means that NAPOLITANO JOSEPH is holding 118 shares at $830,609 based on the most recent closing price.
Stock Fundamentals for AKR
Current profitability levels for the company are sitting at:
- 0.19 for the present operating margin
- 0.59 for the gross margin
The net margin for Acadia Realty Trust stands at 0.04. The total capital return value is set at 0.02. Equity return is now at value 1.14, with 0.44 for asset returns.
Based on Acadia Realty Trust (AKR), the company’s capital structure generated 0.53 points at debt to capital in total, while cash flow to debt ratio is standing at 0.09. The debt to equity ratio resting at 1.14. The interest coverage ratio of the stock is 1.59.
Currently, EBITDA for the company is 194.39 million with net debt to EBITDA at 12.35. When we switch over and look at the enterprise to sales, we see a ratio of 10.34. The receivables turnover for the company is 1.72for trailing twelve months and the total asset turnover is 0.08.
Conclusion
To sum up, Acadia Realty Trust (AKR) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
