Zacks Investment Research downgraded Acadia Realty Trust (NYSE:AKR) to Sell in a report released today.
- Updated: September 27, 2016
Zacks Investment Research has downgraded Acadia Realty Trust (NYSE:AKR) to Sell in a report released on Tuesday September 27, 2016.
Just yesterday Acadia Realty Trust (NYSE:AKR) traded -1.31% lower at $36.79. Acadia Realty Trust’s 50-day moving average is $36.40 and its 200-day moving average is $35.26. The last stock price is up 4.35% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 328,946 shares of AKR traded hands, down from an average trading volume of 586,570
Recent Performance Chart
Acadia Realty Trust has 52 week low of $29.80 and a 52 week high of $38.01 with a PE ratio of 38.05 and has a market capitalization of $0.
Brief Synopsis On 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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