Acadia Realty Trust which can be found using ticker (AKR) now have 6 market analysts covering the stock. The analyst consensus now points to a rating of ‘Hold’. The target price High/Low ranges between 21 and 14 calculating the average target price we see $16.75. Given that the stocks previous close was at $13.18 this would imply there is now a potential upside of 27.1%. The 50 day moving average now sits at $14.13 and the 200 day moving average is $14.84. The company has a market cap of $1,355m. Company Website: https://www.acadiarealty.com
The potential market cap would be $1,723m 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 5.46% with the ex dividend date set at 30-3-2023 (DMY).
