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Upgrade Alert for Acadia Realty Trust (AKR)
Dec 07, 2012 (SmarTrend(R) Upgrades/Downgrades via COMTEX) --
Acadia Realty Trust (NYSE:AKR) was upgraded from Market Perform to Outperform at BMO Capital today. The stock closed yesterday at $24.94 on volume of 774,000 shares, above average daily volume of 433,000. There is potential upside of 5.1% for shares of Acadia Realty Trust based on a current price of $24.94 and an average consensus analyst price target of $26.21. The stock should find resistance at its 50-day moving average (MA) of $25.09, as well as support at its 200-day MA of $23.57.
Acadia Realty Trust is a fully integrated and self-managed real estate investment trust. The trust specializes in the acquisition, redevelopment and operation of shopping centers which are anchored by grocery and value-oriented retail. Acadia is headquartered in White Plains, NY.
In the past 52 weeks, shares of Acadia Realty Trust have traded between a low of $18.77 and a high of $26.05 and closed yesterday at $24.94, which is 33% above that low price. Over the past week, the 200-day moving average (MA) has gone up 0.2% while the 50-day MA has declined 0.2%.
SmarTrend is tracking the current trend status for Acadia Realty Trust and will alert subscribers who have AKR in their portfolio or watchlist when shares have changed trend direction.
Write to Chip Brian at cbrian@mysmartrend.com
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