In a report released today, Floris van Dijkum from Boenning & Scattergood reiterated a Buy rating on Acadia Realty Trust (NYSE: AKR), with a price target of $33. The company’s shares closed yesterday at $23.78.
According to TipRanks.com, Dijkum is a 3-star analyst with an average return of 2.4% and a 58.1% success rate. Dijkum covers the Financial sector, focusing on stocks such as Pennsylvania Real Estate ate Investment, Retail Properties of America Inc, and General Growth Properties Inc.
Acadia Realty Trust has an analyst consensus of Moderate Buy, with a price target consensus of $33.
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Acadia Realty Trust’s market cap is currently $1.96B and has a P/E ratio of 495.42. The company has a book value ratio of 1.2860.
Based on the recent corporate insider activity of 18 insiders, corporate insider sentiment is negative on the stock. Most recently, in March 2018, Joseph Napolitano, the SVP of AKR sold 14,626 shares for a total of $369,453.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Acadia Realty Trust is a real estate investment trust, which engages in delivering operating platforms and investment strategy. It operates through the following business segments: Core Portfolio, Funds, and Structured Financing. The Core Portfolio segment consists of retail properties. The Funds segment handles retail real estate.
