Truist raised the price target for the Acadia Realty Trust (NYSE:AKR) stock from “a Hold” to “a Buy”. The rating was released on June 24, 2021. The research report from Jefferies has upgraded the stock from Hold to Buy, with a price target set at $17. The stock was upgraded by KeyBanc Capital Markets, who disclosed in a research note on December 14, 2020, from Sector Weight to Overweight and set the price objective to $18. In their research brief published April 28, 2020, SunTrust analysts initiated the Acadia Realty Trust stock to Hold with a price target of $13.
The latest trade, Performances and Moving Averages give us the following Picture
The share price of Acadia Realty Trust (NYSE:AKR) raised 3.90% to close Friday’s market session at $21.85, higher as compared to yesterday’s close. The stock price fluctuated between $21.12 and $21.90 throughout the trading session with the volume trading being 760828 shares, which represented a significant variation when compared to the three months average volume of 627.57K shares. The firm’s stock price fluctuated -2.32% within the last five trades and -4.04% within the last 30 trades, which was a significant change from the beginning of this year. Despite the fact that the share price increased 49.05% in the last 6 months and 11.20% was added to its value over the previous 3 months. AKR stock is trading at a margin of -0.16%, 0.91% and 29.07% apart from the 20-Day, 50-Day and 200-Day Simple Moving Average prices.
As of the close of trading, AKR deals in the Real Estate domain. The stock is trading -4.88 percent below its 52-week high and 140.11 percent above its 52-week low. For example, looking both at the price and the high and low measurements of 52 weeks will give you a clearer picture of the direction the price is heading. The firm’s Weighted Alpha is 60.07. A positive weighted alpha indicates the firm has done well over the course of the year, whereas one below 0 indicates that the firm has done poorly.
What Does Acadia Realty Trust’s Profitability and Valuation Ratios Tell Us About the Stock?
With regard to the profitability of the company, the operating margin is currently at -16.60 percent and the profit margin is 1.70 percent, and the company has reported a gross margin of 60.50 percent. The profit margin, also known as the revenue ratio or gross profit ratio, is an efficiency figure used to estimate the business’s profitability by comparing net income and sales. The higher the number, the more profits are generated for the company and vice versa.
The stock’s market cap achieved a total value of $1.90 billion as of the last trading session. Market capitalization is the total value of all outstanding shares of a corporation and it is used to measure a company’s market value. The price-to-earnings ratio for Acadia Realty Trust (NYSE:AKR) is 420.19. The price-to-earnings ratio is a method of assessing corporate values by comparing them to their per-share profit. Forward P/E stands at 183.61. Forward price-to-earnings is calculated using predicted earnings for the next financial year’s P/E determination. The stock has achieved an effective Price-to-Sales Ratio of 7.48 that mirrors the cost to be found for sales by the market. The firm managed a Price-to-Book ratio of 1.29, which equates the market value of a stock with its book value.
Is Insider Trading a Real Thing?
Blacksberg Jason, the Sr. VP and General Counsel at Acadia Realty Trust (AKR) has sold 3,000 shares of firm on Jun 01 at a price of $22.13 against the total amount of $66390.0. In another inside trade, LUSCOMBE WENDY W, Director of Acadia Realty Trust (NYSE:AKR) sold 1,523 shares of the firm on Apr 15 for a total worth of $30313.0 at a price of $19.90. An inside trade which took place on Mar 17, Sr. VP and General Counsel of Acadia Realty Trust Blacksberg Jason sold 3,000 shares of firm against total price of $62053.0 at the cost of $20.68 per share.