Acadia Realty Trust (NYSE: AKR) is 27.84% higher on its value in year-to-date trading and has touched a low of $13.24 and a high of $22.51 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The AKR stock was last observed hovering at around $21.44 in the last trading session, with the day’s gains setting it 0.28%.
Currently trading at $21.72, the stock is 2.63% and 11.63% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.71 million and changing 1.31% at the moment leaves the stock 25.60% off its SMA200. AKR registered 53.01% gain for a year compared to 6-month gain of 30.69%.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The stock witnessed a 7.00% loss in the last 1 month and extending the period to 3 months gives it a 28.67%, and is 2.21% 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 1.75% over the week and 2.40% over the month.
Acadia Realty Trust (AKR) has around 117 employees, a market worth around $2.29B and $360.52M in sales. Current P/E ratio is 3503.23 and Fwd P/E is 68.34. Profit margin for the company is 0.24%. Distance from 52-week low is 64.05% and -3.51% from its 52-week high. The company has generated returns on investments over the last 12 months (0.03%).
Acadia Realty Trust quarterly earnings per share for the current quarter are estimated at 0.01 with sales reaching $76.98M over the same period.The EPS is expected to grow by 42.70% this year, but quarterly earnings will post -6.00% year-over-year.
290.0 institutions hold shares in Acadia Realty Trust (AKR), with institutional investors hold 111.69% of the company’s shares. The shares outstanding are 105.33M, and float is at 104.45M with Short Float at 2.97%. Institutions hold 110.94% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 18.63 million shares valued at $316.85 million. The investor’s holdings represent 18.2389 of the AKR Shares outstanding. As of 2024-03-31, the second largest holder is COHEN & STEERS, INC. with 18.47 million shares valued at $314.11 million to account for 18.0814 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 16.68 million shares representing 16.3352 and valued at over $283.77 million, while PRICE T ROWE ASSOCIATES INC /MD/ holds 8.6639 of the shares totaling 8.85 million with a market value of $150.51 million.
Acadia Realty Trust (AKR) Insider Activity
The most recent transaction is an insider sale by Gottfried John J., the company’s Executive VP and CFO. SEC filings show that Gottfried John J. sold 12,500 shares of the company’s common stock on May 03 ’24 at a price of $16.89 per share for a total of $0.21 million. Following the sale, the insider now owns 7600.0 shares.
Acadia Realty Trust disclosed in a document filed with the SEC on May 03 ’24 that Hartmann Richard (Sr. VP) sold a total of 25,000 shares of the company’s common stock. The trade occurred on May 03 ’24 and was made at $17.10 per share for $0.43 million. Following the transaction, the insider now directly holds 0.0 shares of the AKR stock.
Still, SEC filings show that on Mar 15 ’24, ZOBA C DAVID (Director) acquired 1,000 shares at an average price of $16.30 for $16300.0. The insider now directly holds 2,700 shares of Acadia Realty Trust (AKR).
