Acadia Realty Trust (NYSE:AKR)
February 11th, 2019
Acadia Realty Trust closed Monday up 0.92%, a $0.27 increase to close on $29.63. With an estimated two days to the next earnings report, everyone is watching Acadia Realty Trust. As well as rising, AKR closed the day setting a new 52 week record. Furthermore it hit a new 52 week high of $29.63. Be aware that the Altman Z-Score1 (An indicator of the probability for a 2-year bankruptcy) is below the recommended threshold of 1.8%, and calculated to be 0.90.
AKR outperformed the rest of the Real Estate sector which went up 0.23% today.
Results from 2 analysts indicates that Acadia Realty Trust could rise somewhat (3.88%), while Finbox has calculated (with very high uncertainty) a fair value price of $18.32.
The market sectors were mixed Monday with a majority of the sectors trending up. Industrials saw the biggest increase of the day (0.55%), while Communication Services saw the biggest drop (-0.63%). Industrials has seen the biggest year-to-date gain at 13.28%.
Energy saw the biggest turnaround from its 5-day performance of -3.25%, as it went up 0.46%. Utilities saw a turn around from its 5-day performance of 2.00% trading down -0.08%.
- Industrials went up with a 0.55% change.
- Energy went up with a 0.46% change.
- Financials went up with a 0.25% change.
- Real Estate went up with a 0.23% change.
- Consumer Staples went up with a 0.21% change.
- Materials went up with a 0.19% change.
- Consumer Discretionary went up with a 0.18% change.
- Information Technology stayed even with a 0.00% change.
- Utilities went down with a -0.08% change.
- Healthcare went down with a -0.13% change.
- Communication Services went down with a -0.63% change.
Acadia Realty Trust Info
Acadia Realty Trust is an equity real estate investment trust focused on delivering long-term, profitable growth via its dual – Core and Fund – operating platforms and its disciplined, location-driven investment strategy. Acadia Realty Trust is accomplishing this goal by building a best-in-class core real estate portfolio with meaningful concentrations of assets in the nation’s most dynamic urban and street-retail corridors; making profitable opportunistic and value-add investments through its series of discretionary, institutional funds; and maintaining a strong balance sheet.
All amounts in USD unless otherwise indicated
(1) The Altman Z-Score calculation was first published in 1968 by Edward I. Altman, and is used for predicting the probability that a firm will go into bankruptcy within two years. An Altman Z-Score below 1.8 (Remember that Acadia Realty Trust’s score is 0.90) is the trigger to be alert for this situation. Some analysts believe this score is less relevant for some companies, in particular companies operating to accumulate users that may run at huge losses to scale up.
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