Analysts have provided the following ratings for Acadia Realty Trust within the last quarter: According to 4 analyst offering 12-month price targets in the last 3 months, Acadia Realty Trust has an average price target of $21.75 with a high of $23.00 and a low of $19.00. Below is a summary of how these 4 analysts rated Acadia Realty Trust over the past 3 months.
A multifamily real estate portfolio consisting of six Manhattan apartment buildings has sold for $1.75 billion, the greatest sales level since the COVID-19 pandemic began.
As the stock market continued to rally off of the early June lows, real estate investment trusts definitely seemed to follow suit this morning. Host Hotels & Resorts Inc is kicking off the trading day with a strong gain. Based in Bethesda, Maryland, Host Hotels owns 78 hotel properties with more than 70,000 rooms and calls itself "the world's largest lodging resort."
Digital Realty Trust has outperformed the market over the past 15 years by 2.11% on an annualized basis producing an average annual return of 8.64%. Currently, Digital Realty Trust has a market capitalization of $39.22 billion.
Within the last quarter, Independence Realty Trust has observed the following analyst ratings: According to 4 analyst offering 12-month price targets in the last 3 months, Independence Realty Trust has an average price target of $28.25 with a high of $32.00 and a low of $25.00. Below is a summary of how these 4 analysts rated Independence Realty Trust over the past 3 months.
Terreno Realty has observed the following analyst ratings within the last quarter: These 4 analysts have an average price target of $69.75 versus the current price of Terreno Realty at $58.58, implying upside. Below is a summary of how these 4 analysts rated Terreno Realty over the past 3 months.
A number of factors contributed to the major spike in real estate values, which have shot up over 30% in many parts of the country. As interest rate hikes reduce buying power and add to the overall cost of homeownership, many people are expecting housing prices to plummet and the rising fears of a recession are only adding to the concerns around the real estate market.
The real estate investment trust benchmark ETF, the Real Estate Select Sector SPDR, ended the day down just a little, but some REITS had a very good day. Independence Realty Trust Inc gained by 2.65%, leading the sector with that substantial percentage move: Price chart analysts will notice that today's candlestick is a "bullish engulfing."
Loren Smith & Brad Johnson From Evergreen Capital. Most real estate investors are familiar with the 1031 exchange & the ability to defer tax on real estate sales by transferring that equity to a "like kind" property. A lesser known but increasingly popular option is the Delaware Statutory Trust 1031 Exchange or DST 1031.
The real estate investment platform Fundrise announced that it recently acquired 146 rental homes in the Treeline Trails community of Jacksonville, Florida. The joint venture acquired the community for approximately $55.9 million and, according to Fundrise, approximately 90% of the homes were already occupied at the time of acquisition.
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