Acadia Realty Trust (NYSE: AKR) has seen a decline in its stock price by -0.82 in relation to its previous close of 23.17. However, the company has experienced a 1.32% gain in its stock price over the last five trading sessions. seekingalpha.com reported 2024-09-09 that The current environment is favorable for REITs, with normalized prices, falling Treasury yields, and expected prime rate cuts. Shopping Center REITs offer above-average yields (3.88%) and superior growth prospects, driven by record-high occupancy rates and strong rental rate spreads. This article examines liquidity, FFO growth, TCFO growth, dividend growth, market cap, share price growth, and volatility to identify the best Shopping Center REITs for the next 2 years.
Is It Worth Investing in Acadia Realty Trust (NYSE: AKR) Right Now?
Acadia Realty Trust (NYSE: AKR) has a higher price-to-earnings ratio of 3706.45x compared to its average ratio, The 36-month beta value for AKR is at 1.49. Analysts have varying views on the stock, with 2 analysts rating it as a “buy,” 1 rating it as “overweight,” 3 as “hold,” and 0 as “sell.”
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The public float for AKR is 104.59M, and currently, shorts hold a 2.53% of that float. The average trading volume for AKR on September 27, 2024 was 827.54K shares.
AKR’s Market Performance
AKR’s stock has seen a 1.32% increase for the week, with a 2.50% rise in the past month and a 29.83% gain in the past quarter. The volatility ratio for the week is 1.45%, and the volatility levels for the past 30 days are at 1.86% for Acadia Realty Trust The simple moving average for the last 20 days is 1.27% for AKR stock, with a simple moving average of 26.00% for the last 200 days.
Analysts’ Opinion of AKR
Many brokerage firms have already submitted their reports for AKR stocks, with JP Morgan repeating the rating for AKR by listing it as a “Neutral.” The predicted price for AKR in the upcoming period, according to JP Morgan is $18 based on the research report published on June 26, 2024 of the current year 2024.
BofA Securities, 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 $18. The rating they have provided for AKR stocks is “Buy” according to the report published on April 05th, 2024.
Truist gave a rating of “Hold” to AKR, setting the target price at $18 in the report published on January 16th of the current year.
AKR Trading at 5.54% 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 -1.58% of loss for the given period.
Volatility was left at 1.86%, however, over the last 30 days, the volatility rate increased by 1.45%, as shares surge +2.68% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +14.56% upper at present.
During the last 5 trading sessions, AKR rose by +1.32%, which changed the moving average for the period of 200-days by +45.35% in comparison to the 20-day moving average, which settled at $22.72. In addition, Acadia Realty Trust saw 35.26% 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 Gottfried John J., who sale 12,500 shares at the price of $16.89 back on May 03 ’24. After this action, Gottfried John J. now owns 7,600 shares of Acadia Realty Trust, valued at $211,141 using the latest closing price.
Hartmann Richard, the Sr. VP of Acadia Realty Trust, sale 25,000 shares at $17.10 during a trade that took place back on May 03 ’24, which means that Hartmann Richard is holding 0 shares at $427,622 based on the most recent closing price.
Stock Fundamentals for AKR
Current profitability levels for the company are sitting at:
- 0.18 for the present operating margin
- 0.4 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 0.05, with 0.02 for asset returns.
Based on Acadia Realty Trust (AKR), the company’s capital structure generated 0.49 points at debt to capital in total, while cash flow to debt ratio is standing at 0.08. The debt to equity ratio resting at 0.95. The interest coverage ratio of the stock is 1.37.
Currently, EBITDA for the company is 194.39 million with net debt to EBITDA at 11.46. When we switch over and look at the enterprise to sales, we see a ratio of 11.63. The receivables turnover for the company is 1.67for trailing twelve months and the total asset turnover is 0.08.
Conclusion
In conclusion, Acadia Realty Trust (AKR) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
