The stock of Acadia Realty Trust (NYSE:AKR) increased by $0.01 on Friday to finish at $14.38, up 0.07 percent. The last five days have seen an average of 652,780 shares of common stock traded. 7 times new highs were reached in the current year, with a gain of $0.03. The average number of shares traded over the last 20 days was 860,130, while the average volume over the last 50 days totaled 786,012.
AKR stock dropped -6.20% since last month. On 08/21/23, the company’s shares reached a one-month low of $14.02. The stock touched a high of $17.02 on 08/04/23, after rallying from a low of $12.28 in 52 weeks. The price of AKR stock has risen by 0.21% or $0.03 this year, reaching a new high 7 times. Still, the stock price is down -15.51% 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 96 days ago on May 24. On May 24, Director CROCKER DOUGLAS II acquired 28,250 shares at $12.90 each. This transaction resulted in the insider spending $364,425. On Dec 01, LUSCOMBE WENDY W sold 807 shares at a price of US$15.23. After the transaction, the insider now owns 37,614 shares. Director LUSCOMBE WENDY W had earlier sold 800 shares on Nov 29 for $15.05 a share. The transaction was completed for $12,042.
Valuation Metrics
Beta for the stock is 1.52. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 4.12, the price-to-book (PB) ratio of 0.81, and the price-to-cash flow ratio of 13.48.
Company paid $0.18 per share in dividends, remained unchanged from $0.18 last year.
Financial Health
The company’s long-term debt to equity ratio for the quarter ending June 29 is 1.05, and the total debt to equity ratio is 1.05. As far as profitability goes, gross margin for the trailing twelve months is 68.90% percent. Acadia Realty Trust’s operating margin stood at 10.30% for the same period. Based on annual data, it had gross profit of $68.23 million and revenue of $326.29 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. AKR’s return on assets (ROA) during the last 12 months has been -0.70%. There was a 2.00% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -1.80%.
Earnings Surprise
According to Acadia Realty Trust’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. It was predicted that Acadia Realty Trust’s quarterly earnings would be $0.01, but it ended up being $0. EBITDA was $55.93 million for the quarter. At the end of Acadia Realty Trust’s most recent quarter ended June 29, its total debt was $1.8 billion. Equity owned by shareholders amounts to $95.31 million.
Technical Picture
Here’s a quick look at Acadia Realty Trust’s (AKR) price momentum from a technical perspective. As of 25 August, the RSI 9-day stood at 29.90%, suggesting the stock is oversold, with a 21.80% historical volatility rate.
The stochastic %K and %D were 15.25% and 11.91% respectively, while the average true range (ATR) was 0.33. Based on the 14-day stochastic reading of 17.22%, the RSI (14) reading is 35.37%. On the 9-day MACD Oscillator, the stock is at -0.16, and the 14-day reading is at -0.58.
Analyst Ratings
Acadia Realty Trust (NYSE: AKR) was downgraded by KeyBanc Capital Markets to a a Sector weight rating in its latest research report. The stock was previously rated as a an Overweight. Analysts have assigned Acadia Realty Trust (AKR) an Hold rating. AKR is a stock that is recommended for selling by 1 brokerage firm, while 4 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 2 others recommend it as a buy.
What is AKR’s price target for the next 12 months?
The current consensus forecast for the stock is between $14.00 and $21.00, with a median target price of $15.50. In analyzing these forecasts, the average price target given by analysts for Acadia Realty Trust (AKR) is $16.33.
