Benzinga - by Benzinga Insights, Benzinga Staff Writer.
Douglas Crocker, Board Member at Acadia Realty Trust (NYSE:AKR), executed a substantial insider sell on December 7, according to an SEC filing.
What Happened: Crocker opted to sell 28,250 shares of Acadia Realty Trust, according to a Form 4 filing with the U.S. Securities and Exchange Commission on Thursday. The transaction's total worth stands at $448,327.
Tracking the Friday's morning session, Acadia Realty Trust shares are trading at $15.57, showing a down of 1.27%.
Get to Know Acadia Realty Trust Better Acadia Realty Trust is a real estate investment trust which 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.
A Deep Dive into Acadia Realty Trust's Financials Revenue Growth: Acadia Realty Trust's remarkable performance in 3 months is evident. As of 30 September, 2023, the company achieved an impressive revenue growth rate of 1.81%. This signifies a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Real Estate sector.
Evaluating Earnings Performance:
- Gross Margin: The company faces challenges with a low gross margin of 66.85%, suggesting potential difficulties in cost control and profitability compared to its peers.
- Earnings per Share (EPS): Acadia Realty Trust's EPS lags behind the industry average, indicating concerns and potential challenges with a current EPS of -0.02.
Valuation Metrics: A Closer Look
- Price to Earnings (P/E) Ratio: With a lower-than-average P/E ratio of 65.71, the stock indicates an attractive valuation, potentially presenting a buying opportunity.
- Price to Sales (P/S) Ratio: With a lower-than-average P/S ratio of 4.49, the stock presents an attractive valuation, potentially signaling a buying opportunity for investors interested in sales performance.
- EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation & Amortization): With an EV/EBITDA ratio lower than industry benchmarks at 14.52, Acadia Realty Trust presents an attractive value opportunity.
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Exploring the Significance of Insider Trading Insider transactions, although significant, should be considered within the larger context of market analysis and trends.
From a legal standpoint, the term "insider" pertains to any officer, director, or beneficial owner holding more than ten percent of a company's equity securities as outlined in Section 12 of the Securities Exchange Act of 1934. This encompasses executives in the c-suite and significant hedge funds. These insiders are mandated to inform the public of their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
A company insider's new purchase is a indicator of their positive anticipation for a rise in the stock.
While insider sells may not necessarily reflect a bearish view and can be motivated by various factors.
Understanding Crucial Transaction Codes Investors prefer focusing on transactions that take place in the open market, indicated in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S indicates a sale. Transaction code C indicates the conversion of an option, and transaction code A indicates grant, award or other acquisition of securities from the company.
Check Out The Full List Of Acadia Realty Trust's Insider Trades.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
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