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Acadia Realty Trust (AKR) Reaches $25.39 52-Week Low; Cherry Hill Mortgage Investment (CHMI) Sellers Decreased By 24.8% Their Shorts

Cherry Hill Mortgage Investment (NYSE:CHMI) had a decrease of 24.8% in short interest. CHMI’s SI was 178,600 shares in January as released by FINRA. Its down 24.8% from 237,500 shares previously. With 89,100 avg volume, 2 days are for Cherry Hill Mortgage Investment (NYSE:CHMI)’s short sellers to cover CHMI’s short positions. The stock decreased 0.11% or $0.02 during the last trading session, reaching $17.62. About 115,638 shares traded. Cherry Hill Mortgage Investment Corporation (NYSE:CHMI) has risen 20.72% since January 14, 2017 and is uptrending. It has outperformed by 4.02% the S&P500.

The stock of Acadia Realty Trust (NYSE:AKR) hit a new 52-week low and has $23.10 target or 9.00% below today’s $25.39 share price. The 8 months bearish chart indicates high risk for the $2.21B company. The 1-year low was reported on Jan, 14 by Barchart.com. If the $23.10 price target is reached, the company will be worth $198.90 million less. The stock decreased 1.21% or $0.31 during the last trading session, reaching $25.39. About 416,230 shares traded. Acadia Realty Trust (NYSE:AKR) has declined 15.62% since January 14, 2017 and is downtrending. It has underperformed by 32.32% the S&P500.

Among 4 analysts covering Cherry Hill Mortgage Investment Corporation (NYSE:CHMI), 2 have Buy rating, 0 Sell and 2 Hold. Therefore 50% are positive. Cherry Hill Mortgage Investment Corporation had 6 analyst reports since March 16, 2016 according to SRatingsIntel. FBR Capital maintained the shares of CHMI in report on Tuesday, March 28 with “Outperform” rating. The rating was maintained by FBR Capital with “Buy” on Wednesday, November 8. As per Thursday, August 11, the company rating was maintained by Citigroup. The firm has “Equal-Weight” rating by Barclays Capital given on Wednesday, March 16. Wedbush initiated Cherry Hill Mortgage Investment Corporation (NYSE:CHMI) rating on Thursday, October 6. Wedbush has “Neutral” rating and $17.50 target.

Investors sentiment decreased to 1.14 in 2017 Q3. Its down 2.74, from 3.88 in 2017Q2. It worsened, as 7 investors sold Cherry Hill Mortgage Investment Corporation shares while 29 reduced holdings. 15 funds opened positions while 26 raised stakes. 7.28 million shares or 53.36% less from 15.61 million shares in 2017Q2 were reported. Blackrock Inc invested in 989,055 shares or 0% of the stock. Tower Cap Ltd Company (Trc) accumulated 1,532 shares. 1,145 are owned by Bnp Paribas Arbitrage Sa. American Gru holds 0% of its portfolio in Cherry Hill Mortgage Investment Corporation (NYSE:CHMI) for 7,866 shares. Jacobs Asset Management invested in 1.23% or 356,755 shares. Renaissance Technologies Lc invested 0.02% of its portfolio in Cherry Hill Mortgage Investment Corporation (NYSE:CHMI). Tiaa Cref Invest Mgmt Ltd Co holds 0% or 44,212 shares. Citigroup Inc invested in 13,912 shares or 0% of the stock. 13,155 are owned by Rhumbline Advisers. Quantitative Systematic Strategies Limited Liability invested in 0.06% or 13,030 shares. Citadel Ltd Liability Corp accumulated 24,696 shares. Nationwide Fund Advisors reported 29,462 shares or 0% of all its holdings. Invesco Ltd has 93,611 shares for 0% of their portfolio. Deutsche Bancshares Ag reported 0% in Cherry Hill Mortgage Investment Corporation (NYSE:CHMI). Arrowstreet Capital Partnership holds 67,036 shares.

Cherry Hill Mortgage Investment Corporation, a residential real estate finance company, acquires, invests in, and manages residential mortgage assets in the United States. The company has market cap of $227.05 million. The firm operates through Investments in Servicing Related Assets and RMBS divisions. It has a 3.38 P/E ratio. It manages a portfolio of servicing related assets, residential mortgage-backed securities , and prime mortgage loans, as well as other residential mortgage assets.

Among 6 analysts covering Acadia Realty Trust (NYSE:AKR), 3 have Buy rating, 0 Sell and 3 Hold. Therefore 50% are positive. Acadia Realty Trust has $41.50 highest and $35.0 lowest target. $38.13’s average target is 50.18% above currents $25.39 stock price. Acadia Realty Trust had 8 analyst reports since November 9, 2015 according to SRatingsIntel. The stock of Acadia Realty Trust (NYSE:AKR) earned “Buy” rating by BMO Capital Markets on Wednesday, June 21. The rating was downgraded by Citigroup to “Neutral” on Tuesday, December 13. Citigroup maintained Acadia Realty Trust (NYSE:AKR) rating on Friday, August 12. Citigroup has “Buy” rating and $41.50 target. The stock of Acadia Realty Trust (NYSE:AKR) has “Buy” rating given on Monday, November 6 by Boenning & Scattergood. Boenning & Scattergood maintained Acadia Realty Trust (NYSE:AKR) rating on Thursday, July 27. Boenning & Scattergood has “Buy” rating and $3500 target. KeyBanc Capital Markets downgraded Acadia Realty Trust (NYSE:AKR) on Monday, November 20 to “Sector Weight” rating. The company was initiated on Thursday, August 25 by BTIG Research. RBC Capital Markets maintained Acadia Realty Trust (NYSE:AKR) on Monday, November 9 with “Outperform” rating.

Analysts await Acadia Realty Trust (NYSE:AKR) to report earnings on February, 13. They expect $0.33 EPS, down 15.38% or $0.06 from last year’s $0.39 per share. AKR’s profit will be $28.72 million for 19.23 P/E if the $0.33 EPS becomes a reality. After $0.37 actual EPS reported by Acadia Realty Trust for the previous quarter, Wall Street now forecasts -10.81% negative EPS growth.

Investors sentiment decreased to 0.99 in Q3 2017. Its down 0.30, from 1.29 in 2017Q2. It dropped, as 15 investors sold Acadia Realty Trust shares while 54 reduced holdings. 20 funds opened positions while 48 raised stakes. 88.28 million shares or 3.94% more from 84.93 million shares in 2017Q2 were reported. Bank & Trust Of America Corporation De invested in 761,780 shares or 0% of the stock. Louisiana State Employees Retirement has invested 0.05% in Acadia Realty Trust (NYSE:AKR). Rmb Mgmt Lc holds 0.24% of its portfolio in Acadia Realty Trust (NYSE:AKR) for 326,956 shares. First Manhattan has invested 0.01% in Acadia Realty Trust (NYSE:AKR). Ubs Asset Mgmt Americas Incorporated holds 206,871 shares. Tower Capital Ltd Llc (Trc) invested in 0.02% or 7,889 shares. Forward Management Ltd reported 89,700 shares or 0.29% of all its holdings. Jennison Limited Liability Co holds 46,448 shares or 0% of its portfolio. Pinebridge Invests Lp reported 48,309 shares. Amalgamated National Bank owns 0.01% invested in Acadia Realty Trust (NYSE:AKR) for 11,168 shares. 217,679 were reported by Parametric Associate Limited Liability. Eaton Vance accumulated 242,323 shares. Wellington Grp Limited Liability Partnership stated it has 301,115 shares or 0% of all its holdings. Heitman Real Est Secs Llc holds 1% or 604,921 shares in its portfolio. Legal And General Grp Public Limited Company has invested 0.02% of its portfolio in Acadia Realty Trust (NYSE:AKR).

Acadia Realty Trust is an equity real estate investment trust focused on delivering long-term, profitable growth via its dual – Core and Fund – operating platforms and its disciplined, location-driven investment strategy. The company has market cap of $2.21 billion. Acadia Realty Trust is accomplishing this goal by building a best-in-class core real estate portfolio with meaningful concentrations of assets in the nation??s most dynamic urban and street-retail corridors; making profitable opportunistic and value-add investments through its series of discretionary, institutional funds; and maintaining a strong balance sheet. It has a 35.81 P/E ratio.

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