How Does Wall Street Rate Shares Of Acadia Realty Trust (AKR)?

Acadia Realty Trust (NYSE:AKR) saw an upside of 4.36% to close Friday at $21.30 after adding $0.89 on the day. The 5-day average trading volume is 643,520 shares of the company’s common stock. It has gained $21.47 in the past week and touched a new high 3 times within the past 5 days. An average of 495,020 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 463,388.

AKR’s 1-month performance is -0.61% or -$0.13 on its low of $19.66 reached on 09/20/21. The company’s shares have touched a 52-week low of $9.10 and high of $22.97, with the stock’s rally to the 52-week high happening on 06/09/21. YTD, AKR has achieved 50.11% or $7.11 and has reached a new high 27 times. However, the current price is down -7.27%% from the 52-week high price.


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Insider Transactions

On Sep 13, 19 days have gone by since the last insider trading activity for Acadia Realty Trust (AKR). KELLAR LORRENCE T (Director) most recently sold 2,500 shares at $20.72 per share on Sep 13. This transaction cost the insider $51,800. Sr. VP, NAPOLITANO JOSEPH, sold 10,000 shares at a price of $21.53 on Aug 10. Then, on Jun 01, Sr. VP and General Counsel Blacksberg Jason sold 3,000 shares at a price of $22.13 per share. This transaction amounted to $66,390.

Valuation Metrics

Acadia Realty Trust (AKR) has a trailing price-to-earnings (P/E) ratio of 20.07 for the broader industry and 37.43 for the sector, meaning that investors are optimistic about the stock’s future prospects. The company’s PE ratio for the last five years has touched a high of 379.50 and a low of 20.02. AKR stock has a beta of 1.49. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 7.19 while the price-to-book (PB) in the most recent quarter is 1.23, with the price to cash flow ratio at 29.28.

Acadia Realty Trust pays an annual dividend of $0.60 per share. Its dividend yield is 2.82%. AKR paid $0.15 a share compared with prior rate of $0.15, down 0.0% from last year’s. The company has boosted its dividend for the last 1 consecutive years with the latest dividend decrease of $0.14 reported on Wednesday February 10 2021. Measured over the last 3 years, the Dividend has been growing by -72.38% yearly.

It is projected that Acadia Realty Trust’s next ex-dividend date will be on 30-Dec. AKR is expected to distribute $0.15 as its next dividend.

As well, the company’s long term debt to equity for the quarter ending June 29 was 1.11, while the total debt to equity was 1.11. In terms of profitability, the gross margin trailing 12 months is 62.80% while for the period ending June 29; Acadia Realty Trust’s operating margin was -8.70%. The firm’s gross profit as reported stood at -$115.38 million against revenue of $255.48 million.

The effectiveness of a company’s management is also important for investors when it comes to determining the potential profitability of the investment. Acadia Realty Trust’s return on assets over the past 12 months stands at -0.30%. Return on investment over the past year is -3.00%, while its return on equity (ROE) trailing 12 months is -0.70%. In comparison, the average ROE for the broader industry over the past year is 4.65.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected AKR to announce $0 per share in earnings in its latest quarter, but it posted $0.04. EBITDA for the quarter stood at more than $45.78 million. AKR stock balance sheet for the quarter ending June 29 shows that, with total debt at $1.77 billion

Technical Picture

Let’s look briefly at Acadia Realty Trust (AKR) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 01 October was 60.43% to suggest the stock is trending Neutral, with historical volatility in this time period at 31.34%.

The stock’s 5-day moving average is $20.74, reflecting a +4.26% or $0.87 change from its current price. AKR is currently trading -0.70% above its 20-day SMA, -0.19% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +1.91% and +40.59% respectively.

Stochastic %K and %D was 78.05% and 72.29% and the average true range (ATR) pointed at 0.63. The RSI (14) points at 56.44%, while the 14-day stochastic is at 90.63% with the period’s ATR at 0.61. The stock’s 9-day MACD Oscillator is pointing at 0.35 and 0.37 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Acadia Realty Trust (NYSE: AKR), Truist upgraded it to a Buy rating. They previously had a Hold rating on the stock. Analysts offering their rating for AKR stock have a consensus rating for the stock as Overweight. Currently, 1 brokerage advisors rate AKR as a “sell,”, while 2 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 4 have offered a “buy” rating.

What is AKR’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $22.00 and a high of $26.00, with their median price target at $24.00. Looking at these predictions, the average price target given by analysts is for Acadia Realty Trust (AKR) stock is $24.14.

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