State of New Jersey Common Pension Fund D decreased its holdings in shares of Acadia Realty Trust (NYSE:AKR – Free Report) by 4.1% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 447,478 shares of the real estate investment trust’s stock after selling 18,928 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Acadia Realty Trust were worth $6,421,000 as of its most recent SEC filing.
A number of other hedge funds also recently bought and sold shares of the business. Charles Schwab Investment Management Inc. raised its stake in Acadia Realty Trust by 4.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,627,993 shares of the real estate investment trust’s stock valued at $23,362,000 after purchasing an additional 67,141 shares in the last quarter. Swiss National Bank increased its position in Acadia Realty Trust by 1.0% during the third quarter. Swiss National Bank now owns 209,300 shares of the real estate investment trust’s stock valued at $3,003,000 after acquiring an additional 2,100 shares during the last quarter. Jump Financial LLC bought a new position in Acadia Realty Trust during the third quarter valued at $185,000. Illinois Municipal Retirement Fund bought a new position in Acadia Realty Trust during the third quarter valued at $781,000. Finally, Victory Capital Management Inc. increased its position in Acadia Realty Trust by 339.0% during the third quarter. Victory Capital Management Inc. now owns 69,769 shares of the real estate investment trust’s stock valued at $1,001,000 after acquiring an additional 53,875 shares during the last quarter.
Acadia Realty Trust Trading Up 0.6 %
NYSE AKR opened at $17.01 on Tuesday. The company’s 50-day moving average price is $16.90 and its 200-day moving average price is $15.53. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.86. The stock has a market cap of $1.62 billion, a PE ratio of 68.04, a PEG ratio of 2.05 and a beta of 1.46. Acadia Realty Trust has a 12 month low of $12.37 and a 12 month high of $17.73.
Insider Transactions at Acadia Realty Trust
Wall Street Analysts Forecast Growth
A number of research analysts have weighed in on the stock. Truist Financial cut shares of Acadia Realty Trust from a “buy” rating to a “hold” rating and set a $18.00 price objective on the stock. in a research report on Tuesday, January 16th. StockNews.com cut shares of Acadia Realty Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, December 5th. Jefferies Financial Group upgraded shares of Acadia Realty Trust from a “hold” rating to a “buy” rating and boosted their price objective for the company from $15.00 to $20.00 in a research report on Tuesday, January 2nd. Finally, Compass Point cut shares of Acadia Realty Trust from a “buy” rating to a “neutral” rating and set a $16.00 price objective on the stock. in a research report on Thursday, November 30th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $18.00.
About Acadia Realty Trust
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.
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