Acadia Realty Trust (NYSE:AKR) saw an upside of 0.69% to close Friday at $14.65 after adding $0.1 on the day. The 5-day average trading volume is 550,940 shares of the company’s common stock. It has gained $15.67 in the past week and touched a new high 1 time within the past 5 days. An average of 868,990 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 793,066.
AKR’s 1-month performance is -6.45% or -$0.64 on its low of $14.38 reached on 08/18/23. The company’s shares have touched a 52-week low of $12.28 and high of $17.77, with the stock’s rally to the 52-week high happening on 08/04/23. YTD, AKR has achieved 2.09% or $0.30 and has reached a new high 7 times. However, the current price is down -17.56% from the 52-week high price.
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Insider Transactions
AKR stock investors last saw insider trading activity on May 24.LUSCOMBE WENDY W (Director) most recently sold 807 shares at $15.23 per share on Dec 01. This transaction cost the insider $12,293. Director, LUSCOMBE WENDY W, sold 800 shares at a price of $15.05 on Nov 29.
Valuation Metrics
AKR stock has a beta of 1.51. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 4.17 while the price-to-book (PB) in the most recent quarter is 0.83, with the price to cash flow ratio at 13.65.
As well, the company’s long term debt to equity for the quarter ending June 29 was 1.05, while the total debt to equity was 1.05. In terms of profitability, the gross margin trailing 12 months is 68.90%. The firm’s gross profit as reported stood at $68.23 million against revenue of $326.29 million.
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. Net income grew 103.99% to $9.28 million, while revenue of $13.36 million was -43.97% off the previous quarter. Analysts expected AKR to announce $0 per share in earnings in its latest quarter, but it posted $0.01. EBITDA for the quarter stood at more than $55.93 million. Shareholders hold equity totaling $95.31 million.
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 18 August was 26.02% to suggest the stock is trending oversold, with historical volatility in this time period at 13.80%.
The stock’s 5-day moving average is $14.95, reflecting a -6.63% or -$1.04 change from its current price. AKR is currently trading -5.97% above its 20-day SMA, +9.82% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +2.09% and SMA200 by+4.87%.
Stochastic %K and %D was 4.86% and 4.85% and the average true range (ATR) pointed at 0.35. The RSI (14) points at 35.65%, while the 14-day stochastic is at 13.64% with the period’s ATR at 0.35. The stock’s 9-day MACD Oscillator is pointing at -0.61 and -0.86 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Acadia Realty Trust (NYSE: AKR), KeyBanc Capital Markets downgraded it to a Sector weight rating. They previously had an Overweight rating on the stock. Analysts offering their rating for AKR stock have a consensus rating for the stock as Hold. Currently, 1 brokerage advisors rate AKR as a “sell,”, while 4 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 2 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 $14.00 and a high of $21.00, with their median price target at $15.50. Looking at these predictions, the average price target given by analysts is for Acadia Realty Trust (AKR) stock is $16.33.
