Zacks Investment Research recorded Acadia Realty Trust (NYSE:AKR), raising its target price to $39.00 today
- Updated: October 17, 2016
Having a price of $34.25, Acadia Realty Trust (NYSE:AKR) traded 0.40% higher on the day. With the last stock price close down -1.63% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. The company has recorded a 50-day moving average of $35.88 and a 200-day moving average of $35.32. 169,955 shares of AKR traded hands, down from an average trading volume of 545,637
In a report released on 10/17/2016 Zacks Investment Research increased the stock price target of Acadia Realty Trust (NYSE:AKR) to $39.00 stating a potential upside of 0.14%.
Recent Performance Chart
Acadia Realty Trust has 52 week low of $30.25 and a 52 week high of $38.01 with a PE ratio of 35.93 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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