Acadia Realty Trust (NYSE: AKR) is -1.71% lower on its value in year-to-date trading and has touched a low of $12.36 and a high of $17.73 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The AKR stock was last observed hovering at around $16.16 in the last trading session, with the day’s gains setting it 0.54%.
Currently trading at $16.70, the stock is 1.20% and -0.39% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.92 million and changing 3.34% at the moment leaves the stock 7.55% off its SMA200. AKR registered 25.31% gain for a year compared to 6-month gain of 15.45%. The firm has a 50-day simple moving average (SMA 50) of $10.64 and a 200-day simple moving average (SMA200) of $15.82.
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The stock witnessed a 0.54% loss in the last 1 month and extending the period to 3 months gives it a -3.02%, and is 0.06% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.80% over the week and 2.28% over the month.
Acadia Realty Trust (AKR) has around 117 employees, a market worth around $1.71B and $353.70M in sales. Current P/E ratio is 84.13 and Fwd P/E is 77.65. Profit margin for the company is 5.34%. Distance from 52-week low is 35.09% and -5.80% from its 52-week high. The company has generated returns on investments over the last 12 months (0.54%).
Acadia Realty Trust quarterly earnings per share for the current quarter are estimated at $0.06 with sales reaching $78.92M over the same period.The EPS is expected to grow by 29.26% this year, but quarterly earnings will post 10.70% year-over-year. Quarterly sales are estimated to shrink -2.30% in year-over-year returns.
278 institutions hold shares in Acadia Realty Trust (AKR), with institutional investors hold 101.13% of the company’s shares. The shares outstanding are 102.58M, and float is at 101.77M with Short Float at 3.03%. Institutions hold 100.45% of the Float.
The top institutional shareholder in the company is Blackrock Inc. with over 18.2 million shares valued at $261.85 million. The investor’s holdings represent 19.09% of the AKR Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 15.44 million shares valued at $222.23 million to account for 16.20% of the shares outstanding. The other top investors are Cohen & Steers Inc. which holds 15.08 million shares representing 15.82% and valued at over $216.99 million, while Price (T.Rowe) Associates Inc holds 7.47% of the shares totaling 7.12 million with a market value of $102.51 million.
Acadia Realty Trust (AKR) Insider Activity
The most recent transaction is an insider purchase by ZOBA C DAVID, the company’s Director. SEC filings show that ZOBA C DAVID bought 1,000 shares of the company’s common stock on Mar 15 ’24 at a price of $16.30 per share for a total of $16300.0. Following the purchase, the insider now owns 2700.0 shares.
Acadia Realty Trust disclosed in a document filed with the SEC on Mar 04 ’24 that NAPOLITANO JOSEPH (Sr. VP) sold a total of 49,525 shares of the company’s common stock. The trade occurred on Mar 04 ’24 and was made at $16.77 per share for $0.83 million. Following the transaction, the insider now directly holds 118.0 shares of the AKR stock.
Still, SEC filings show that on Dec 05 ’23, CROCKER DOUGLAS II (Director) disposed off 28,250 shares at an average price of $15.87 for $0.45 million. The insider now directly holds 84,147 shares of Acadia Realty Trust (AKR).
