Acadia Realty Trust (NYSE:AKR)
February 12th, 2019
With markets going up Acadia Realty Trust fell ($0.15) Tuesday, a 0.51% drop, closing at $29.46. Acadia Realty Trust is expected to release a new earnings report tomorrow. Despite the drop in price it hit a new 52 week high of $29.69. 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 0.91.
AKR outperformed the rest of the Real Estate sector which went down just -0.70% today.
Forecasts from 2 analysts indicates that Acadia Realty Trust might increase somewhat (3.88%), while Finbox has calculated (with very high uncertainty) a fair value price of $18.46.
The market sectors were mixed Tuesday with a majority of the sectors trending up. Materials saw the biggest increase of the day (2.25%), while Real Estate saw the biggest drop (-0.70%). Industrials has seen the biggest year-to-date gain at 13.91%.
Materials saw the biggest turnaround from its 5-day performance of -1.14%, as it went up 2.25%. Real Estate saw a turn around from its 5-day performance of 0.96% trading down -0.70%.
- Materials went up with a 2.25% change.
- Consumer Discretionary went up with a 1.66% change.
- Industrials went up with a 1.56% change.
- Financials went up with a 1.56% change.
- Information Technology went up with a 1.36% change.
- Healthcare went up with a 1.34% change.
- Energy went up with a 1.18% change.
- Communication Services went up with a 1.14% change.
- Consumer Staples went up with a 0.88% change.
- Utilities went up with a 0.17% change.
- Real Estate went down with a -0.70% 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 0.91) 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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