State of New Jersey Common Pension Fund D Has $6.61 Million Holdings in Acadia Realty Trust (NYSE:AKR)

State of New Jersey Common Pension Fund D lessened its holdings in Acadia Realty Trust (NYSE:AKR) by 1.4% in the 4th quarter, Holdings Channel reports. The firm owned 273,550 shares of the real estate investment trust’s stock after selling 3,968 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Acadia Realty Trust were worth $6,609,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Asset Management One Co. Ltd. lifted its stake in shares of Acadia Realty Trust by 0.3% in the 3rd quarter. Asset Management One Co. Ltd. now owns 158,663 shares of the real estate investment trust’s stock valued at $3,725,000 after purchasing an additional 476 shares during the last quarter. USA Financial Formulas lifted its stake in shares of Acadia Realty Trust by 14.4% in the 4th quarter. USA Financial Formulas now owns 3,886 shares of the real estate investment trust’s stock valued at $94,000 after purchasing an additional 489 shares during the last quarter. Monument Capital Management lifted its stake in shares of Acadia Realty Trust by 3.7% in the 4th quarter. Monument Capital Management now owns 13,882 shares of the real estate investment trust’s stock valued at $335,000 after purchasing an additional 489 shares during the last quarter. IFM Investors Pty Ltd lifted its stake in shares of Acadia Realty Trust by 2.5% in the 3rd quarter. IFM Investors Pty Ltd now owns 23,795 shares of the real estate investment trust’s stock valued at $559,000 after purchasing an additional 582 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Acadia Realty Trust by 35.0% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 4,005 shares of the real estate investment trust’s stock valued at $93,000 after purchasing an additional 1,039 shares during the last quarter. Institutional investors and hedge funds own 97.65% of the company’s stock.

Acadia Realty Trust Stock Down 1.2 %

Acadia Realty Trust stock opened at $23.60 on Wednesday. The firm has a market cap of $2.82 billion, a price-to-earnings ratio of 262.17, a P/E/G ratio of 6.24 and a beta of 1.46. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.14 and a quick ratio of 1.14. Acadia Realty Trust has a fifty-two week low of $16.09 and a fifty-two week high of $26.29. The firm has a fifty day moving average price of $23.56 and a two-hundred day moving average price of $23.55.

Acadia Realty Trust (NYSE:AKR) last posted its quarterly earnings data on Tuesday, February 11th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.23. Acadia Realty Trust had a net margin of 3.07% and a return on equity of 0.48%. As a group, analysts forecast that Acadia Realty Trust will post 1.28 earnings per share for the current year.

Acadia Realty Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.20 per share. This is an increase from Acadia Realty Trust’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Monday, March 31st. This represents a $0.80 annualized dividend and a dividend yield of 3.39%. Acadia Realty Trust’s payout ratio is presently 844.44%.

Wall Street Analysts Forecast Growth

AKR has been the subject of several analyst reports. Truist Financial lifted their price objective on shares of Acadia Realty Trust from $23.00 to $27.00 and gave the company a “hold” rating in a research note on Thursday, December 5th. StockNews.com lowered shares of Acadia Realty Trust from a “hold” rating to a “sell” rating in a research report on Monday, December 2nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $23.00.

Acadia Realty Trust Company Profile

Acadia Realty Trust is an equity real estate investment trust focused on delivering long-term, profitable growth via its dual Core Portfolio and Fund operating platforms and its disciplined, location-driven investment strategy. 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 corridors; making profitable opportunistic and value-add investments through its series of discretionary, institutional funds; and maintaining a strong balance sheet.