December 28, 2012 at 12:11 PM EST
J.P. Morgan Reiterates Neutral Rating, $24 PT on Acadia Realty Trust
In a report published Friday, J.P. Morgan & Co. reiterated its Neutral rating and $24.00 price target on Acadia Realty Trust (NYSE: AKR ). J.P. Morgan noted, “We are updating our model and estimates in light of AKR's recently announced self-storage portfolio disposition and notable acquisitions (e.g.,Lincoln Road portfolio for
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