State of New Jersey Common Pension Fund D Sells 18,928 Shares of Acadia Realty Trust (NYSE:AKR)

State of New Jersey Common Pension Fund D cut its position in Acadia Realty Trust (NYSE:AKRFree Report) by 4.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). 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 owned about 0.47% of Acadia Realty Trust worth $6,421,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of AKR. Allspring Global Investments Holdings LLC lifted its stake in Acadia Realty Trust by 3,220.4% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 1,793 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 1,739 shares in the last quarter. CWM LLC lifted its stake in Acadia Realty Trust by 46.3% in the 2nd quarter. CWM LLC now owns 2,174 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 688 shares in the last quarter. Quantbot Technologies LP purchased a new stake in Acadia Realty Trust in the 1st quarter worth approximately $45,000. State of Wyoming purchased a new stake in Acadia Realty Trust in the 2nd quarter worth approximately $59,000. Finally, Point72 Hong Kong Ltd purchased a new stake in Acadia Realty Trust in the 1st quarter worth approximately $75,000.

Acadia Realty Trust Price Performance

AKR stock opened at $17.01 on Tuesday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.91 and a current ratio of 0.91. Acadia Realty Trust has a 52 week low of $12.37 and a 52 week high of $17.73. The firm’s fifty day moving average is $16.90 and its 200 day moving average is $15.53. The firm has a market cap of $1.62 billion, a P/E ratio of 68.04, a P/E/G ratio of 2.05 and a beta of 1.46.

Insider Activity at Acadia Realty Trust

In related news, Director Douglas Crocker II sold 28,250 shares of the stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $15.87, for a total transaction of $448,327.50. Following the transaction, the director now owns 84,147 shares of the company’s stock, valued at approximately $1,335,412.89. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 2.75% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on AKR shares. 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. 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. Finally, Jefferies Financial Group upgraded shares of Acadia Realty Trust from a “hold” rating to a “buy” rating and raised their price objective for the company from $15.00 to $20.00 in a research report on Tuesday, January 2nd. One research analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, Acadia Realty Trust has a consensus rating of “Hold” and a consensus target price of $18.00.

Check Out Our Latest Report on AKR

Acadia Realty Trust Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Acadia Realty Trust (NYSE:AKR)

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