Acadia Realty Trust (NYSE: AKR) has a price-to-earnings ratio of 84.63x that is above its average ratio. Additionally, the 36-month beta value for AKR is 1.45. There are mixed opinions on the stock, with 2 analysts rating it as a “buy,” 1 rating it as “overweight,” 3 rating it as “hold,” and 0 rating it as “sell.”
The public float for AKR is 101.82M and currently, short sellers hold a 3.01% ratio of that float. The average trading volume of AKR on April 11, 2024 was 1.10M shares.
AKR) stock’s latest price update
The stock of Acadia Realty Trust (NYSE: AKR) has decreased by -2.61 when compared to last closing price of 17.25. Despite this, the company has experienced a 2.69% 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.
AKR’s Market Performance
Acadia Realty Trust (AKR) has experienced a 2.69% rise in stock performance for the past week, with a 1.63% rise in the past month, and a -2.38% drop in the past quarter. The volatility ratio for the week is 2.18%, and the volatility levels for the past 30 days are at 2.24% for AKR. The simple moving average for the past 20 days is 1.48% for AKR’s stock, with a 7.44% simple moving average for the past 200 days.
Analysts’ Opinion of AKR
Many brokerage firms have already submitted their reports for AKR stocks, with BofA Securities repeating the rating for AKR by listing it as a “Buy.” The predicted price for AKR in the upcoming period, according to BofA Securities is $20 based on the research report published on April 05, 2024 of the current year 2024.
Truist, on the other hand, stated in their research note that they expect to see AKR reach a price target of $18. The rating they have provided for AKR stocks is “Hold” according to the report published on January 16th, 2024.
Jefferies gave a rating of “Buy” to AKR, setting the target price at $20 in the report published on January 02nd of the current year.
AKR Trading at 0.63% 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 -5.23% of loss for the given period.
Volatility was left at 2.24%, however, over the last 30 days, the volatility rate increased by 2.18%, as shares surge +1.33% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -4.27% lower at present.
During the last 5 trading sessions, AKR rose by +2.69%, which changed the moving average for the period of 200-days by +24.72% in comparison to the 20-day moving average, which settled at $16.57. In addition, Acadia Realty Trust saw -1.12% 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 10.48. The receivables turnover for the company is 1.72for trailing twelve months and the total asset turnover is 0.08.
Conclusion
In conclusion, Acadia Realty Trust (AKR) has seen mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
