Acadia Realty Trust with ticker code (AKR) now have 6 analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The range between the high target price and low target price is between 23 and 13 and has a mean target at 17.5. With the stocks previous close at 14.95 this now indicates there is a potential upside of 17.1%. The 50 day moving average now sits at 13.89 and the 200 moving average now moves to 17.64. The market capitalisation for the company is $1,494m. Company Website: https://www.acadiarealty.com
The potential market cap would be $1,749m based on the market concensus.
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.
