Acadia Realty Trust (NYSE: AKR) is -0.58% lower on its value in year-to-date trading and has touched a low of $16.09 and a high of $26.29 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 $23.90 in the last trading session, with the day’s gains setting it 0.12%.
Currently trading at $24.02, the stock is -2.27% and -3.08% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.19 million and changing 0.50% at the moment leaves the stock 15.11% off its SMA200. AKR registered 43.32% gain for a year compared to 6-month gain of 31.04%. The firm has a 50-day simple moving average (SMA 50) of $24.7832 and a 200-day simple moving average (SMA200) of $20.8671.
The stock witnessed a -5.21% loss in the last 1 month and extending the period to 3 months gives it a 5.77%, and is -0.54% down 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 1.63% over the week and 1.84% over the month.
Acadia Realty Trust (AKR) has around 117 employees, a market worth around $2.94B and $366.87M in sales. Current P/E ratio is 243.61 and Fwd P/E is 59.12. Profit margin for the company is 2.91%. Distance from 52-week low is 49.24% and -8.63% from its 52-week high. The company has generated returns on investments over the last 12 months (0.31%).
The EPS is expected to grow by 30.34% this year.
Acadia Realty Trust (AKR) Top Institutional Holders
322.0 institutions hold shares in Acadia Realty Trust (AKR), with institutional investors hold 104.64% of the company’s shares. The shares outstanding are 119.66M, and float is at 118.92M with Short Float at 8.56%. Institutions hold 104.04% of the Float.
The top institutional shareholder in the company is COHEN & STEERS, INC. with over 18.84 million shares valued at $337.57 million. The investor’s holdings represent 18.445% of the AKR Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 18.7 million shares valued at $335.17 million to account for 18.3142 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 16.26 million shares representing 15.9171% and valued at over $291.3 million, while PRICE T ROWE ASSOCIATES INC /MD/ holds 8.905 of the shares totaling 9.09 million with a market value of $162.98 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).
