Acadia Realty Trust (NYSE:AKR) finished Wednesday with a subtraction of $0.0 to close at $15.82, a downside of 0.00 percent. An average of 1,197,060 shares of common stock have been traded in the last five days. There was a fall of -$0.16 in the past week, and it reached a new high 5 times over the past 12 months. The last 20 days have seen an average of 833,645 shares traded, while the 50-day average volume stands at 815,230.
AKR stock has increased by 5.26% in the last month. The company shares reached their 1-month lowest point of $14.48 on 07/10/23. With the stock rallying to its 52-week high on 08/04/23, shares of the company touched a low of $12.28 and a high of $18.11 in 52 weeks. It has reached a new high 7 times so far this year and achieved 10.24% or $1.47 in price. In spite of this, the price is down -12.64% from the 52-week high.
Insider Transactions
AKR stock investors should be aware that Acadia Realty Trust (AKR) stock had its last reported insider trading activity 252 days ago on May 24. In this transaction, the insider spent $12,293. Director, LUSCOMBE WENDY W, disposed of 800 shares at a price of $15.05 on Nov 29. The insider now owns more than $12,042 worth of shares.
Valuation Metrics
Acadia Realty Trust (AKR) stock’s beta is 1.51. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 4.51, the price-to-book (PB) ratio at 0.89, and the price-to-cash flow ratio at 45.17.
Financial Health
Further, the company has a long term debt to equity ratio of 1.05 and a total debt to equity ratio of 1.05 for the quarter ending June 29. Its gross profit as reported stood at $68.23 million compared to revenue of $326.29 million.
Earnings Surprise
For the three-month period that ended June 29, Acadia Realty Trust had $35.94 million in cash and short-term investments compared to $935.35 million in total debt. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $9.28 million in the quarter, while revenues of $13.36 million were grew 103.99%. The analyst consensus anticipated Acadia Realty Trust’s latest quarter earnings to come in at $0 per share, but it turned out to be $0.01. For the quarter, EBITDA amounted to $55.93 million. At the end of the quarter ending June 29, Acadia Realty Trust’s stock balance sheet showed total debt was $1.8 billion. Shareholders own equity worth $95.31 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Acadia Realty Trust (AKR) price momentum. RSI 9-day as of the close on 09 August was 58.21%, suggesting the stock is Neutral, with historical volatility in this time frame at 15.43%.
As of today, AKR’s price is $15.98 -1.00% or -$0.16 from its 5-day moving average. AKR is currently trading +5.54% higher than its 20-day SMA and +15.98% higher than its 100-day SMA. However, the stock’s current price level is +23.40% above the SMA50 and +24.47% above the SMA200.
The stochastic %K and %D were 59.81% and 71.58%, respectively, and the average true range (ATR) was 0.35. With the 14-day stochastic at 49.53% and the average true range at 0.35, the RSI (14) stands at 62.08%. The stock has reached 0.05 on the 9-day MACD Oscillator while the 14-day reading was at 0.18.
Analyst Ratings
KeyBanc Capital Markets downgraded Acadia Realty Trust (NYSE: AKR) to a a Sector weight rating in its most recent analyst report. Previously, the stock was rated as an Overweight.
