The price-to-earnings ratio for Acadia Realty Trust (NYSE: AKR) is above average at 3733.87x, Company’s 36-month beta value is 1.49.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 104.59M, and currently, short sellers hold a 2.53% ratio of that floaft. The average trading volume of AKR on October 01, 2024 was 818.00K shares.
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AKR) stock’s latest price update
Acadia Realty Trust (NYSE: AKR)’s stock price has decreased by -1.41 compared to its previous closing price of 23.48. However, the company has seen a -0.34% decrease in its stock price over the last five trading sessions. businesswire.com reported 2024-10-01 that RYE, N.Y.–(BUSINESS WIRE)–Acadia Realty Trust (NYSE: AKR) (“Acadia” or the “Company”) announced today the pricing of an upsized underwritten offering of 5,000,000 common shares of beneficial interest at a price to the public of $23.25 per share. The underwriters have been granted a 30-day option to purchase up to an additional 750,000 common shares. This reflects an upsizing of the previously announced offering of 4,500,000 common shares. The offering is expected to close on October 2, 2024,.
AKR’s Market Performance
Acadia Realty Trust (AKR) has seen a -0.34% fall in stock performance for the week, with a 2.84% gain in the past month and a 26.99% surge in the past quarter. The volatility ratio for the week is 1.87%, and the volatility levels for the past 30 days are at 1.95% for AKR. The simple moving average for the last 20 days is 1.51% for AKR stock, with a simple moving average of 26.16% 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 5.40% 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 -1.74% of loss for the given period.
Volatility was left at 1.95%, however, over the last 30 days, the volatility rate increased by 1.87%, as shares surge +2.75% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +14.19% upper at present.
During the last 5 trading sessions, AKR fell by -0.22%, which changed the moving average for the period of 200-days by +39.55% in comparison to the 20-day moving average, which settled at $22.84. In addition, Acadia Realty Trust saw 36.26% 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 11.67. The receivables turnover for the company is 1.67for 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.
