The stock of Acadia Realty Trust (AKR) has seen a 2.50% increase in the past week, with a 5.77% gain in the past month, and a 0.35% flourish in the past quarter. The volatility ratio for the week is 2.50%, and the volatility levels for the past 30 days are at 2.34% for AKR. The simple moving average for the last 20 days is 3.60% for AKR stock, with a simple moving average of 9.86% for the last 200 days.
Is It Worth Investing in Acadia Realty Trust (NYSE: AKR) Right Now?
The price-to-earnings ratio for Acadia Realty Trust (NYSE: AKR) is above average at 86.80x, Company’s 36-month beta value is 1.45.Analysts have differing opinions on the stock, 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 currently, short sellers hold a 3.01% ratio of that floaft. The average trading volume of AKR on April 16, 2024 was 1.12M shares.
AKR) stock’s latest price update
The stock of Acadia Realty Trust (NYSE: AKR) has increased by 0.76 when compared to last closing price of 17.10. Despite this, the company has experienced a 2.50% gain in its stock price over the last five trading sessions. Seeking Alpha reported 2024-04-12 that Acadia Realty Trust is paying out a 4.2% dividend yield that’s 156% covered by FFO. The REIT saw same-property net operating income grow by 10% during its fiscal 2023 fourth quarter.
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 3.35% 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 -2.81% of loss for the given period.
Volatility was left at 2.34%, however, over the last 30 days, the volatility rate increased by 2.50%, as shares surge +6.56% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -0.29% lower at present.
During the last 5 trading sessions, AKR rose by +2.50%, which changed the moving average for the period of 200-days by +22.03% in comparison to the 20-day moving average, which settled at $16.68. In addition, Acadia Realty Trust saw 1.41% in overturn over a single year, with a tendency to cut further gains.
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 10.6. The receivables turnover for the company is 1.72for trailing twelve months and the total asset turnover is 0.08.
Conclusion
In a nutshell, Acadia Realty Trust (AKR) has experienced a better performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
