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Tuesday, November 24, 2020

Is Now the Time to Invest in Acadia Realty Trust (NYSE:AKR)?

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Acadia Realty Trust (AKR) shares are trading at lower $11.77 and the avg recommendation for the stock is Moderate Buy. while the current analyst price target stands at $14.50.

To add more color to this target, the company’s high over the last year is $29.55 and the low is $9.59. Over the last 52 weeks, AKR is down -60.17% while the S&P 500 is down -0.42%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, AKR reported a profit of $-5.76 million. Acadia Realty Trust also saw revenues decrease to $63.77 million. In addition, AKR has free cash flow of $37.29 million as of 06-2020. The company’s EBITDA came in at $29.19 million which compares well with its peers.

AKR booked profit margins of 14.70%, its Return on Equity (ROE) is 2.80%, and its Return on Assets is 1.00%. All told, it is clear that, AKR needs to be on your watchlist.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. AKR has a short ratio of 1.89 and outstanding shares of 86.18M.

Company Outlook

AKR has seen increased volume after this news and investors are putting their support behind the value proposition. Traders will also note the company’s earnings per share came in at 0.49. Investors should also keep an eye on sector updates as AKR has historically followed its peers on positive news.

All told, Acadia Realty Trust AKR has strung together solid data and demonstrated underlying fundamentals. At its current valuation, AKR represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Acadia Realty Trust AKR is now commanding a market cap of 1.01B and a float of 85.63M. AKR is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of AKR stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in AKR, either long or short, and we have not been compensated for this article.

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