Associated Estates Realty Corporation (NYSE: AEC), a multifamily apartment REIT, has been the best performing equity REIT stock since April 1, 2015. The shares have increased in value by 17.6% over the past week and the expectation is they will remain at these levels through the end of the month.
An activist hedge fund, Land and Buildings, has been pressuring Associated Estates since November 2014 to improve share performance. At that time, Land and Buildings harshly criticized Associated Estates management for the following issues: Read more