Acadia Realty Trust with ticker code (AKR) now have 6 confirmed analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The range between the high target price and low target price is between 21 and 14 with the average target price sitting at $16.75. Given that the stocks previous close was at $13.34 and the analysts are correct then there would likely be a percentage uptick in value of 25.6%. The 50 day MA is $13.91 and the 200 moving average now moves to $14.77. The company has a market capitalization of $1,395m. Company Website: https://www.acadiarealty.com
The potential market cap would be $1,752m based on the market consensus.
Acadia Realty Trust is an equity real estate investment trust focused on delivering long-term, profitable growth via its dual Core Portfolio and Fund operating platforms and its disciplined, location-driven investment strategy. Acadia Realty Trust is accomplishing this goal by building a best-in-class core real estate portfolio with meaningful concentrations of assets in the nation’s most dynamic corridors; making profitable opportunistic and value-add investments through its series of discretionary, institutional funds; and maintaining a strong balance sheet.
The company has a dividend yield of 5.4% with the ex dividend date set at 30-3-2023 (DMY).
