UPDATE: KeyBanc Upgrades Acadia Realty Trust from Hold to Buy

KeyBanc has published a research report on Acadia Relaty Trust AKR, upgrading the company's stock. In the report, KeyBanc wrote, "We favor AKR's strategy to acquire urban/street retail properties in densely populated submarkets, which we think could set AKR apart from other retail REITs that typically own more traditional community, neighborhood, or power center retail properties." KeyBanc upgraded Acadia Realty Trust from Hold to BUY with a price target of $23.00. Acadia Realty Trust closed Wednesday at $20.67.