With 1.04 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.0 million shares. During the session, the REIT – Retail company that operates in wider Real Estate sector, reached to the highest price of $25.3179 whereas the lowest price it dropped to was $24.95. The 52-week range on AKR shows that it touched its highest point at $25.58 and its lowest point at $14.72 during that stretch. It currently has a 1-year price target of $24.83. With its current market cap of 3.10 billion, AKR has annualized dividend of $0.73 while the current yield stands at 2.89%. AKR paid its most recent dividend on 1727654400, while the ex-dividend date for that was 1735603200. Beta for the stock currently stands at 1.49.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of AKR was up-trending over the past week, with a rise of 2.52%, but this was up by 3.91% over a month. Three-month performance surged to 11.89% while six-month performance rose 54.16%. The stock gained 70.06% in the past year, while it has gained 48.44% so far this year. A look at the trailing 12-month EPS for AKR yields 0.10 with Next year EPS estimates of 0.39. For the next quarter, that number is 0.09. This implies an EPS growth rate of 32.53% for this year and 74.83% for next year. EPS is expected to grow by 3.08% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -12.19%.
Float and Shares Shorts:
At present, 119.66 million AKR shares are outstanding with a float of 118.92 million shares on hand for trading. On 2024-10-31, short shares totaled 2.84 million, which was 238.00000000000003 higher than short shares on 1727654400. In addition to Mr. Reginald Livingston as the firm’s Executive VP & Chief Investment Officer, Mr. Richard M. Hartmann serves as its Chief Accounting Officer & Senior VP.
Institutional Ownership:
Through their ownership of 1.03668 of AKR’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-09-30, AKR reported revenue of $87745000.0 and operating income of $17492000.0. The EBITDA in the recently reported quarter was $71635000.0 and diluted EPS was $0.07.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for AKR since 3 analysts follow the stock currently. There are 2 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With AKR analysts setting a high price target of 28.0 and a low target of 23.0, the average target price over the next 12 months is 25.66667. Based on these targets, AKR could surge 11.02% to reach the target high and fall by -8.8% to reach the target low. Reaching the average price target will result in a growth of 1.77% from current levels.
Analysts have provided yearly estimates in a range of $0.23111 being high and $0.22284 being low. For AKR, this leads to a yearly average estimate of $0.22458. The surprise factor in the prior quarter was $0.04. Based on analyst estimates, the high estimate for the next quarter is $0.11 and the low estimate is $0.06. The average estimate for the next quarter is thus $0.09.
