Truist raised the firm’s price target on Acadia Realty Trust (AKR) to $27 from $23 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 Q3 results, recent events, and adjusted revenue growth and expense assumptions, the analyst tells investors in a research note.
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Read More on AKR:
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- Acadia Realty Trust reports Q3 EPS 32c, consensus 32c
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- Compass Point sees Acadia Realty ‘entering virtuous cycle,’ upgrades to Buy
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