Opinions
Derek Warren
Acadia Realty Trust
AKR-N
TOP PICK
Apr 18, 2017
$31.720
Stock price when the opinion was issued
REAL ESTATE
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Feels the 3 top picks have probably lagged the market unfairly. In the US, all retail REITs have been destroyed. This one has been beaten up too much. It is very rare to get this REIT at a discount. It has SOHO, Brooklyn, Chicago street front retail. It is irreplaceable real estate. Trading at a discount to NAV. Dividend yield of 3.3%. (Analysts’ price target is $35.50.)