With a current price of $10.52, Acadia Realty Trust [NYSE:AKR] is active in the REIT – Retail industry, with a 5-day price swing of 0.19%.
For the year, the stock is trading -59.43%, while, as a point of reference, the S&P 500 is trading 1.71% YTD. Other data to note on this name is a price per sales number of 3.04.
The Bears are coming
Holding a Market Cap of $869.16 million, Acadia Realty Trust has seen a trading range over the last year of $9.59-$29.55.
For the last five days, AKR is up from its last closing price. The average shares trading hands each day is 729.08K.
Using a Force Index Indicator is a good way to look at how strong actual buying and selling pressure is for AKR. When we apply the Elder Force Index to Acadia Realty Trust, we are seeing an Elder Force Indicator number of -350643.36.
The recent performance of the stock is another area that can tell traders how to proceed. AKR is presenting an interesting case. This can be seen in the Forward P/E ratio, which currently stands at 438.33.
In the last quarter, AKR made a profit of -5.76 million. Acadia Realty Trust also saw quarter revenue growth year over year of 13.73%.
Looking at popular technical indicators, the company’s 5-day moving average is 10.80 compared to the 50-day moving average of 2.91%. So, we are clearly seeing an upward trajectory here.
The Relative Strength Index or RSI is an indicator ranging between 0 and 100 that traders use to determine if a stock is “overbought” or “oversold.” A strong uptrend tending to reach into the “overbought” status is above 70, while a downward trend will stay around the 30 mark. AKR currently holds a 9-day RSI of 40.60%, while 100-day RSI stands at 43.47%.
Another indicator we believe is worth keeping tabs on is the Moving Average Convergence Divergence or MACD. Similar to the concept of the Force Index — on the basis of price momentum — the MACD gives traders a tool to measure the turning point of a stock even during rapid fluctuations in price. Buy and sell signals are determined by a stock’s relation to the zero line, so if a stock is above a zero line for many weeks it might be a “buy.” On the other hand, if a stock is below the zero line consistently, it might be one to stay away from. Also, if the MACD line reaches a peak and dips, its momentum may be waning. AKR’s 9-day MACD is 0.12 and the company’s 100-day MACD stands at -1.58.
Another area that is important to analyze is insider moves and majority shareholders. While this is not always an error-free way to tell what the future holds for a stock, you can maybe gather important information from reading the tea leaves about who is buying and selling.
The major holders for this stock are 0.67% by insiders and 103.19% by institutions. Regarding institutional holdings, Blackrock Inc. owns 18.66%, while the second top holder, Vanguard Group, Inc. (The), currently owns 15.24%.
Over the last six months, insiders have sold 8,000 with the most recent transaction from Hartmann Richard, Sr. VP, with a sell at price 23.30 per share.
Overall, the recommended rating for AKR is Moderate Buy. Currently, the company has 5 analysts watching the stock, and the average quarterly earnings estimate is 0.01. Quarterly revenue estimates are averaging 54.6M with the high estimate reaching 58.4M and the low at 49M.
To review, the current 1-year target estimate is sitting at 13.60, while the current price 10.52. Based on this, we expect the stock to rise considering the aforementioned fundamentals.