Zacks Investment Research upgraded Acadia Realty Trust (NYSE:AKR) to Hold in a report released today.
- Updated: October 3, 2016
Zacks Investment Research has upgraded Acadia Realty Trust (NYSE:AKR) to Hold in a statement released on 10/03/2016.
Displaying a price of $36.24, Acadia Realty Trust (NYSE:AKR) traded -2.12% lower on the day. The last stock close price is up 0.46% from the two hundred day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same period. The company has recorded a 50-day moving average of $36.36 and a 200-day moving average of $35.31. 314,861 shares of Acadia Realty Trust traded, down from an avg. volume of 571,270
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Acadia Realty Trust has a PE ratio of 36.68 with a one year low of $30.25 and a one year high of $38.01 The company’s market cap is currently $0.
Brief Synopsis 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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