State of New Jersey Common Pension Fund D Purchases 15,311 Shares of Acadia Realty Trust $AKR

State of New Jersey Common Pension Fund D raised its position in shares of Acadia Realty Trust (NYSE:AKR) by 5.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 288,645 shares of the real estate investment trust’s stock after purchasing an additional 15,311 shares during the period. State of New Jersey Common Pension Fund D owned 0.22% of Acadia Realty Trust worth $5,360,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of AKR. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Acadia Realty Trust in the first quarter valued at $36,166,000. Alyeska Investment Group L.P. purchased a new stake in shares of Acadia Realty Trust in the first quarter worth $23,872,000. Alliancebernstein L.P. raised its position in Acadia Realty Trust by 26.8% during the first quarter. Alliancebernstein L.P. now owns 3,076,073 shares of the real estate investment trust’s stock valued at $64,444,000 after purchasing an additional 649,459 shares in the last quarter. Vanguard Group Inc. raised its position in Acadia Realty Trust by 2.7% during the first quarter. Vanguard Group Inc. now owns 18,582,662 shares of the real estate investment trust’s stock valued at $389,307,000 after purchasing an additional 485,394 shares in the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new stake in Acadia Realty Trust during the first quarter valued at about $7,994,000. 97.65% of the stock is owned by institutional investors.

Acadia Realty Trust Stock Up 0.1%

NYSE AKR opened at $19.91 on Monday. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.05 and a quick ratio of 1.05. The stock has a market capitalization of $2.61 billion, a PE ratio of 124.41, a PEG ratio of 2.89 and a beta of 1.47. Acadia Realty Trust has a 1 year low of $16.98 and a 1 year high of $26.29. The business’s 50-day moving average is $19.81 and its 200 day moving average is $19.37.

Acadia Realty Trust (NYSE:AKR) last posted its earnings results on Tuesday, July 29th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.01). The business had revenue of $98.30 million during the quarter, compared to the consensus estimate of $81.89 million. Acadia Realty Trust had a return on equity of 0.79% and a net margin of 5.31%.The firm’s revenue for the quarter was up 15.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.31 earnings per share. Acadia Realty Trust has set its FY 2025 guidance at 1.320-1.390 EPS. Sell-side analysts forecast that Acadia Realty Trust will post 1.34 earnings per share for the current year.

Acadia Realty Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend was Tuesday, September 30th. Acadia Realty Trust’s payout ratio is presently 500.00%.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Zacks Research downgraded Acadia Realty Trust from a “hold” rating to a “strong sell” rating in a report on Thursday, October 2nd. Weiss Ratings reiterated a “hold (c)” rating on shares of Acadia Realty Trust in a report on Friday. Citigroup upgraded Acadia Realty Trust from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $20.00 to $23.00 in a report on Friday, September 12th. Wall Street Zen downgraded Acadia Realty Trust from a “hold” rating to a “sell” rating in a report on Sunday, October 12th. Finally, LADENBURG THALM/SH SH began coverage on Acadia Realty Trust in a research note on Tuesday, September 9th. They issued a “neutral” rating and a $21.00 target price on the stock. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $22.33.

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.