Acadia Realty Trust Soars 12.31% on Truist Upgrade
Generated by AI AgentAinvest Movers Radar
Monday, Apr 14, 2025 4:43 am ET1min read
AKR--
On April 14, 2025, Acadia Realty TrustAKR-- surged 12.31% in pre-market trading, marking a significant rise in its stock price.
Acadia Realty Trust's stock received a boost from Truist FinancialTFC--, which upgraded its rating from "hold" to "buy." This positive change in rating reflects the analysts' confidence in the company's future performance and potential for growth.
Truist Securities also reshuffled its REIT coverage, raising its rating recommendations on several real estate investment trusts, including Acadia Realty Trust. This move indicates a broader positive outlook on the real estate sector, which could further support Acadia Realty Trust's stock price.
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