New York State Teachers Retirement System Has $3.20 Million Stock Holdings in Acadia Realty Trust $AKR

New York State Teachers Retirement System grew its holdings in shares of Acadia Realty Trust (NYSE:AKR) by 1.1% during the 2nd quarter, HoldingsChannel reports. The fund owned 172,471 shares of the real estate investment trust’s stock after acquiring an additional 1,900 shares during the quarter. New York State Teachers Retirement System’s holdings in Acadia Realty Trust were worth $3,203,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. GAMMA Investing LLC raised its holdings in Acadia Realty Trust by 57.7% during the 2nd quarter. GAMMA Investing LLC now owns 5,120 shares of the real estate investment trust’s stock valued at $95,000 after buying an additional 1,873 shares during the period. EntryPoint Capital LLC acquired a new stake in Acadia Realty Trust during the 1st quarter worth approximately $318,000. Teacher Retirement System of Texas purchased a new position in Acadia Realty Trust in the 1st quarter valued at approximately $364,000. Inspire Investing LLC boosted its holdings in shares of Acadia Realty Trust by 3.4% during the first quarter. Inspire Investing LLC now owns 19,254 shares of the real estate investment trust’s stock worth $403,000 after purchasing an additional 640 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Acadia Realty Trust during the 1st quarter valued at about $411,000. Hedge funds and other institutional investors own 97.65% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on AKR shares. Weiss Ratings restated a “hold (c)” rating on shares of Acadia Realty Trust in a research report on Wednesday, October 8th. Wall Street Zen cut shares of Acadia Realty Trust from a “hold” rating to a “sell” rating in a report on Sunday, October 12th. Zacks Research downgraded shares of Acadia Realty Trust from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 2nd. LADENBURG THALM/SH SH assumed coverage on shares of Acadia Realty Trust in a report on Tuesday, September 9th. They set a “neutral” rating and a $21.00 target price on the stock. Finally, Citigroup raised shares of Acadia Realty Trust from a “neutral” rating to a “buy” rating and lifted their price target for the company from $20.00 to $23.00 in a research report on Friday, September 12th. Two investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Acadia Realty Trust currently has a consensus rating of “Hold” and an average target price of $22.33.

Acadia Realty Trust Stock Up 1.0%

Shares of NYSE AKR opened at $19.50 on Wednesday. The firm has a 50-day simple moving average of $19.76 and a two-hundred day simple moving average of $19.32. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.05 and a quick ratio of 1.05. Acadia Realty Trust has a 1 year low of $16.98 and a 1 year high of $26.29. The company has a market cap of $2.55 billion, a P/E ratio of 121.87, a PEG ratio of 2.81 and a beta of 1.47.

Acadia Realty Trust (NYSE:AKR) last posted its quarterly 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 firm had revenue of $98.30 million during the quarter, compared to the consensus estimate of $81.89 million. Acadia Realty Trust had a net margin of 5.31% and a return on equity of 0.79%. Acadia Realty Trust’s revenue was up 15.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.31 EPS. Acadia Realty Trust has set its FY 2025 guidance at 1.320-1.390 EPS. Research analysts anticipate that Acadia Realty Trust will post 1.34 earnings per share for the current year.

Acadia Realty Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 15th. Investors 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 yield of 4.1%. Acadia Realty Trust’s payout ratio is 500.00%.

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.