Acadia Realty Trust (NYSE:AKR) : 3 analysts are covering Acadia Realty Trust (NYSE:AKR) and their average rating on the stock is 1.33, which is read as a Strong Buy. 2 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Acadia Realty Trust (NYSE:AKR) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels.
Acadia Realty Trust (NYSE:AKR) has been rated by 3 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $40 and the lowest price target forecast is $36. The average forecast of all the analysts is $38.67 and the expected standard deviation is $2.31.
For the current week, the company shares have a recommendation consensus of Buy.
Acadia Realty Trust (NYSE:AKR): stock turned positive on Tuesday. Though the stock opened at $34.08, the bulls momentum made the stock top out at $34.495 level for the day. The stock recorded a low of $33.75 and closed the trading day at $34.44, in the green by 2.56%. The total traded volume for the day was 660,853. The stock had closed at $33.58 in the previous days trading.
In an insider trading activity, Luscombe Wendy W, director of Acadia Realty Trust, unloaded 315 shares at an average price of $35.46 on May 6, 2016. The total amount of the transaction was worth $11,170, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
Acadia Realty Trust is a real estate investment trust (REIT). The Trust is focused on the ownership, acquisition, redevelopment and management of retail properties located in metropolitan areas in the United States. The Trusts Core Portfolio consists of street retail and urban assets, as well as suburban properties located in high-barrier-to-entry, densely-populated trade areas. It also makes investments in first mortgages, preferred equity and other notes receivable collateralized by real estate, (Structured Finance Program) either directly or through entities having an ownership interest therein. The Trust operates in three segments: Core Portfolio, Funds and Structured Financing. All of the Trusts assets are held by, and all of the Trusts operations are conducted through Acadia Realty Limited Partnership (the Operating Partnership) and entities in which the Operating Partnership owns an interest. The Trust has approximately 700 leases.