Acadia Realty Trust (NYSE:AKR) shares, rose in value, with the stock price down by -0.35% to the previous day’s close as strong demand from buyers drove the stock to $17.32.
Actively observing the price movement in the last trading, the stock closed the session at $17.38. The PE ratio was 87.25 over 12-month period. Referring to stock’s 52-week performance, its high was $17.73, and the low was $12.36. On the whole, AKR has fluctuated by 3.71% over the past month.
The company’s Forward Dividend Ratio is 0.71, with its dividend yield at 4.10%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 363.28M, with a low estimate of 46.02M and a high estimate of 121.76M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 80.19M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that AKR’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 29.08, with the price of AKR currently trading nearly 2.31% and 3.71% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 56.44, while the 7-day volatility ratio is showing 1.92% which for the 30-day chart, stands at 2.14%. Furthermore, Acadia Realty Trust (AKR)’s beta value is 1.43, and its average true range (ATR) is 0.38.
A comparison of Acadia Realty Trust (AKR) with its peers suggests the former has fared considerably weaker in the market. AKR showed an intraday change of -0.35% in last session, and over the past year, it grew by 35.51%%.
Data on historical trading for Acadia Realty Trust (NYSE:AKR) indicates that the trading volumes over the past 3 months, they’ve averaged 1.15 million. According to company’s latest data on outstanding shares, there are 102.99 million shares outstanding.
Nearly 0.74% of Acadia Realty Trust’s shares belong to company insiders and institutional investors own 96.03% of the company’s shares. The stock has risen by 1.94% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the AKR stock heading into the next quarter.
