Last Updated: 08 Nov 2024
Executive Summary
Acadia Realty Trust (AKR) is an equity REIT focused on long-term profitable growth. The company has a market capitalization of $3.24 billion and trades on the NYSE. AKR's latest stock price is $25.1. The company has a PE ratio of 228, a dividend yield of 0.0303%, and a trailing PE of 228. Analysts have a strong buy rating on the stock, with a target price of $25.2.
Company Overview
Acadia Realty Trust is an equity real estate investment trust focused on delivering long-term profitable growth through its double-bottom line approach. The company invests in a diversified portfolio of retail, office, and industrial properties located in major markets throughout the United States. AKR's portfolio consists of approximately 1,000 properties with a total gross leasable area of approximately 25 million square feet.
Fundamental Analysis
AKR's financial performance has been strong in recent years. The company's revenue has grown at a CAGR of 5.6% over the past five years, and its EPS has grown at a CAGR of 4.5% over the same period. AKR's profit margin is 3.21%, and its operating margin is 29.6%. The company's return on assets is 1.11%, and its return on equity is -0.0014%.
AKR's balance sheet is strong. The company has a debt-to-equity ratio of 0.52, and its interest coverage ratio is 4.2x. AKR's cash flow from operations is strong, and the company has a history of paying dividends.
Technical Analysis
AKR's stock price has been trading in a range between $13.51 and $25.58 over the past 52 weeks. The stock's 50-day moving average is $23.35, and its 200-day moving average is $19.25. AKR's relative strength index (RSI) is 52.4, which indicates that the stock is neither overbought nor oversold.
Short Term Outlook
AKR's stock price is currently trading near the top of its 52-week range. The stock's RSI is also indicating that it is overbought. This suggests that AKR's stock price may be due for a pullback in the short term.
Long Term Outlook
AKR's long-term outlook is positive. The company's fundamentals are strong, and its portfolio is well-diversified. AKR is also benefiting from the strong demand for real estate in major markets throughout the United States.
Analyst Recommendations
Analysts have a strong buy rating on AKR's stock. The average target price for the stock is $25.2. This suggests that analysts believe that AKR's stock price has the potential to appreciate in the long term.
