Truist lowered the firm’s price target on Acadia Realty Trust (AKR) to $23 from $25 and keeps a Hold rating on the shares as part of a broader research note on REIT’s. The firm is updating its model to reflect recent events and adjusted revenue growth and expense assumptions, the analyst tells investors in a research note.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on AKR:
- Acadia Realty: Strong Market Position and Growth Potential Justify Buy Rating
- Acadia Realty Trust management to meet with Compass Point
- Acadia Realty Trust’s Optimistic Earnings Call Highlights Growth
- Acadia Realty Trust Reports Strong 2024 Earnings
- Acadia Realty Trust reports Q4 FFO ex-items 32c, consensus 33c