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 grew its holdings in shares of Acadia Realty Trust (NYSE:AKR) by 5.6% in the 2nd quarter, Holdings Channel.com reports. The firm owned 288,645 shares of the real estate investment trust’s stock after acquiring an additional 15,311 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Acadia Realty Trust were worth $5,360,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Yousif Capital Management LLC lifted its holdings in shares of Acadia Realty Trust by 11.1% during the second quarter. Yousif Capital Management LLC now owns 48,746 shares of the real estate investment trust’s stock valued at $905,000 after purchasing an additional 4,884 shares during the last quarter. Allianz Asset Management GmbH lifted its holdings in shares of Acadia Realty Trust by 8.0% during the second quarter. Allianz Asset Management GmbH now owns 76,700 shares of the real estate investment trust’s stock valued at $1,424,000 after purchasing an additional 5,651 shares during the last quarter. Easterly Investment Partners LLC lifted its holdings in shares of Acadia Realty Trust by 13.3% during the second quarter. Easterly Investment Partners LLC now owns 590,795 shares of the real estate investment trust’s stock valued at $10,971,000 after purchasing an additional 69,342 shares during the last quarter. Amundi lifted its holdings in shares of Acadia Realty Trust by 11.6% during the first quarter. Amundi now owns 316,941 shares of the real estate investment trust’s stock valued at $6,171,000 after purchasing an additional 32,889 shares during the last quarter. Finally, Strs Ohio purchased a new position in shares of Acadia Realty Trust during the first quarter valued at approximately $463,000. 97.65% of the stock is currently owned by hedge funds and other institutional investors.

Acadia Realty Trust Price Performance

Shares of AKR opened at $19.91 on Monday. The firm has a market cap of $2.61 billion, a PE ratio of 124.41, a P/E/G ratio of 2.89 and a beta of 1.47. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 0.67. The firm has a fifty day simple moving average of $19.81 and a two-hundred day simple moving average of $19.37. Acadia Realty Trust has a 1-year low of $16.98 and a 1-year high of $26.29.

Acadia Realty Trust (NYSE:AKR) last announced its earnings results on Tuesday, July 29th. The real estate investment trust reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.01). Acadia Realty Trust had a net margin of 5.31% and a return on equity of 0.79%. The company had revenue of $98.30 million for the quarter, compared to analysts’ expectations of $81.89 million. During the same quarter in the prior year, the firm posted $0.31 earnings per share. Acadia Realty Trust’s quarterly revenue was up 15.3% on a year-over-year basis. Acadia Realty Trust has set its FY 2025 guidance at 1.320-1.390 EPS. On average, equities analysts anticipate that Acadia Realty Trust will post 1.34 EPS for the current year.

Acadia Realty Trust Dividend Announcement

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

Analyst Ratings Changes

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

Acadia Realty Trust 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.