Zacks Investment Research downgraded Acadia Realty Trust (NYSE:AKR) to Sell in a report released today.
- Updated: October 14, 2016
Zacks Investment Research has downgraded Acadia Realty Trust (NYSE:AKR) to Sell in a report released on Friday October 14, 2016.
Yesterday Acadia Realty Trust (NYSE:AKR) traded -0.89% lower at $34.25. The company’s 50-day moving average is $35.93 and its 200-day moving average is $35.31. The last stock close price is down -2.02% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 211,827 shares of the stock were exchanged, down from an average trading volume of 548,115
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Acadia Realty Trust has a 52 week low of $30.25 and a 52 week high of $38.01 with a P/E ratio of 35.78 The company’s market cap is currently $0.
About Acadia Realty Trust (NYSE:AKR)
Acadia Realty Trust is a real estate investment trust. The Company is focused on the ownership, acquisition, redevelopment and management of retail properties located primarily in metropolitan areas in the United States. The Company's segments include Core Portfolio, Funds and Structured Financing. The Company conducts its operations through Acadia Realty Limited Partnership. The Company's Core Portfolio consists primarily of street retail and urban assets, as well as suburban properties located in various trade areas. The Company also makes investments in first mortgages, preferred equity and other notes receivable collateralized by real estate. The Company's Core Portfolio includes approximately 90 operating properties, totaling over 5.6 million square feet of gross leasable area (GLA). The Company's properties, which primarily consist of street retail and dense suburban shopping centers, are located in approximately 10 states of the United States and the District of Columbia.
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