AKR Stock Summary and Trading Ideas (Acadia Realty Trust | NYSE:AKR)

Acadia Realty Trust is a real estate investment trust that specializes in the operation, management, leasing, renovation, and acquisition of shopping centers and mixed-use properties with retail components. The company's portfolios are located primarily in metropolitan areas of the United States. The company operates through three segments: core portfolio, which consists primarily of high-quality retail properties located primarily in high-barrier-to-entry, densely-populated metropolitan areas with a long-term investment horizon and generates the majority of total revenue; funds, which comprises the funds launched by the trust; and structured financing, which consists of notes receivable and related interest income.

Acadia Realty Trust trades on the NYSE stock market under the symbol AKR.

As of September 18, 2024, AKR stock price declined to $22.63 with 1,077,406 million shares trading.

AKR has a beta of 0.75, meaning it tends to be less sensitive to market movements. AKR has a correlation of 0.14 to the broad based SPY ETF.

AKR has a market cap of $2.38 billion. This is considered a Mid Cap stock.

Last quarter Acadia Realty Trust reported $86 million in Revenue and $.31 earnings per share. This beat revenue expectation by $13 million and met earnings estimates .

In the last 3 years, AKR stock traded as high as $23.33 and as low as $12.28.

The top ETF exchange traded funds that AKR belongs to (by Net Assets): IJR, VNQ, VTI, IWM, VB.

AKR has outperformed the market in the last year with a return of +45.8%, while the SPY ETF gained +27.8%. In the last 3 month period, AKR beat the market returning +31.2%, while SPY returned +2.9%. However, in the most recent 2 weeks AKR has underperformed the stock market by returning +0.3%, while SPY returned +1.7%.

AKR support price is $22.45 and resistance is $23.06 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that AKR stock will trade within this expected range on the day.