Vanguard Maintains 11.4% Stake in Acadia Realty Trust

TL;DR

**Vanguard still owns 11.4% of Acadia Realty Trust, signaling long-term confidence.**

AI Summary

The Vanguard Group, a major investment firm, filed an amended SC 13G/A on February 13, 2024, disclosing its ownership in Acadia Realty Trust (NYSE: AKR). As of December 29, 2023, Vanguard holds 10,790,696 shares of Acadia Realty Trust's Common Stock, representing 11.4% of the company. This filing indicates Vanguard's continued significant passive investment in Acadia Realty Trust, signaling confidence in the real estate investment trust's long-term prospects, which could reassure current and potential investors.

Why It Matters

This filing confirms Vanguard's substantial, passive ownership in Acadia Realty Trust, indicating a major institutional investor's continued belief in the company's value, which can be a positive signal for other investors.

Risk Assessment

Risk Level: low — This filing is a routine update from a passive institutional investor and does not indicate any immediate risks or changes in company operations.

Analyst Insight

Investors should view Vanguard's continued significant, passive stake as a sign of long-term institutional confidence in Acadia Realty Trust, but it doesn't suggest any immediate catalysts for price movement.

Key Numbers

• 10,790,696 — Shares Owned (The total number of Common Stock shares of Acadia Realty Trust beneficially owned by The Vanguard Group.)
• 11.4% — Ownership Percentage (The percentage of Acadia Realty Trust's Common Stock owned by The Vanguard Group, indicating a significant stake.)
• December 29, 2023 — Event Date (The specific date that triggered the requirement for this Schedule 13G/A filing.)

Key Players & Entities

• The Vanguard Group (company) — reporting person and major institutional investor
• Acadia Realty Trust (company) — issuer of the securities
• 10,790,696 shares (dollar_amount) — total shares of Common Stock beneficially owned by Vanguard
• 11.4% (dollar_amount) — percentage of Acadia Realty Trust's Common Stock owned by Vanguard
• December 29, 2023 (date) — date of the event requiring the filing

Forward-Looking Statements

• Vanguard will maintain a significant, passive stake in Acadia Realty Trust for the foreseeable future. (The Vanguard Group) — high confidence, target: 2025-12-31

FAQ

Filing Documents

• tv0170-acadiarealtytrust.htm (SC 13G/A) — 11KB
• 0001104659-24-020163.txt ( ) — 13KB

(a) - Name of Issuer

Item 1(a) - Name of Issuer: Acadia Realty Trust

(b) - Address of Issuer's Principal Executive Offices

Item 1(b) - Address of Issuer's Principal Executive Offices: 411 Theodore Fremd Avenue, Suite 300 Rye, NY 10580

(a) - Name of Person Filing

Item 2(a) - Name of Person Filing: The Vanguard Group - 23-1945930

(b) – Address of Principal Business Office or, if none, residence

Item 2(b) – Address of Principal Business Office or, if none, residence: 100 Vanguard Blvd. Malvern, PA 19355

(c) – Citizenship

Item 2(c) – Citizenship: Pennsylvania

(d) - Title of Class of Securities

Item 2(d) - Title of Class of Securities: Common Stock

(e) - CUSIP Number

Item 2(e) - CUSIP Number 004239109

- Type of Filing

Item 3 - Type of Filing: This statement is being filed pursuant to Rule 13d-1. An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E).

- Ownership

Item 4 - Ownership: (a) Amount Beneficially Owned: (b) Percent of Class: (c) Number of shares as to which such person has: (i) sole power to vote or direct to vote: (ii) shared power to vote or direct to vote: (iii) sole power to dispose of or to direct the disposition of: (iv) shared power to dispose or to direct the disposition of: Comments: The responses to questions 5 through 9 and 11 on the cover page(s) are incorporated by reference into this Item 4.

- Ownership of Five Percent or Less of a Class

Item 5 - Ownership of Five Percent or Less of a Class: If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following

- Ownership of More Than Five Percent on Behalf of Another Person

Item 6 - Ownership of More Than Five Percent on Behalf of Another Person: The Vanguard Group, Inc.'s clients, including investment companies registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities reported herein. No one other person's interest in the securities reported herein is more than 5%. Item 7 - Identification and Classification of the Subsidiary Which Acquired The Security Being Reported on by the Parent Holding Company: Not applicable

- Identification and Classification of Members of Group

Item 8 - Identification and Classification of Members of Group: Not applicable

- Notice of Dissolution of Group

Item 9 - Notice of Dissolution of Group: Not applicable

- Certification

Item 10 - Certification: By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11. Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: February 13, 2024 By /s/ Ashley Grim Name: Ashley Grim Title: Head of Global Fund Administration

View Full Filing

View this SC 13G/A filing on SEC EDGAR