Acadia Realty Trust Reaches Analyst Target Price
November 10, 2020 at 09:06 AM EST
In recent trading, shares of Acadia Realty Trust (AKR) have crossed above the average analyst 12-month target price of $11.80, changing hands for $12.64/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level..