Citadel Advisors LLC decreased its position in American Campus Communities Inc (NYSE:ACC) by 65.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 53,769 shares of the real estate investment trust’s stock after selling 102,648 shares during the period. Citadel Advisors LLC’s holdings in American Campus Communities were worth $2,559,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Brookfield Asset Management Inc. bought a new position in shares of American Campus Communities during the fourth quarter worth approximately $101,919,000. Norges Bank bought a new position in shares of American Campus Communities during the fourth quarter worth approximately $57,592,000. Vanguard Group Inc. raised its position in shares of American Campus Communities by 3.2% in the first quarter. Vanguard Group Inc. now owns 20,785,614 shares of the real estate investment trust’s stock worth $989,187,000 after buying an additional 651,470 shares during the period. Wells Fargo & Company MN raised its position in shares of American Campus Communities by 8.3% in the first quarter. Wells Fargo & Company MN now owns 2,855,324 shares of the real estate investment trust’s stock worth $135,884,000 after buying an additional 218,332 shares during the period. Finally, US Bancorp DE raised its position in shares of American Campus Communities by 37.5% in the first quarter. US Bancorp DE now owns 738,802 shares of the real estate investment trust’s stock worth $35,158,000 after buying an additional 201,591 shares during the period.

Institutional Ownership by Quarter for American Campus Communities (NYSE:ACC)

Shares of American Campus Communities Inc (ACC) traded up 0.426% during trading on Wednesday, reaching $48.345. 137,329 shares of the company traded hands. American Campus Communities Inc has a 52 week low of $44.65 and a 52 week high of $54.56. The firm’s 50 day moving average price is $47.01 and its 200-day moving average price is $48.17. The company has a market capitalization of $6.48 billion, a price-to-earnings ratio of 74.263 and a beta of 0.26.

American Campus Communities (NYSE:ACC) last released its earnings results on Monday, April 24th. The real estate investment trust reported $0.62 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.62. The company had revenue of $192.90 million for the quarter, compared to analyst estimates of $183.61 million. American Campus Communities had a net margin of 11.23% and a return on equity of 2.53%. The firm’s quarterly revenue was down 3.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.62 EPS. Equities analysts anticipate that American Campus Communities Inc will post $0.86 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, May 26th. Shareholders of record on Monday, May 15th were issued a dividend of $0.44 per share. The ex-dividend date was Thursday, May 11th. This is a positive change from American Campus Communities’s previous quarterly dividend of $0.42. This represents a $1.76 dividend on an annualized basis and a yield of 3.66%. American Campus Communities’s dividend payout ratio is 270.77%.

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ACC has been the topic of several research reports. Canaccord Genuity reissued a “buy” rating on shares of American Campus Communities in a report on Friday, February 24th. Zacks Investment Research raised shares of American Campus Communities from a “sell” rating to a “hold” rating in a report on Wednesday, February 22nd. FBR & Co reissued a “buy” rating and set a $56.00 price objective on shares of American Campus Communities in a report on Wednesday, February 22nd. Evercore ISI lowered shares of American Campus Communities from a “hold” rating to an “underperform” rating in a report on Friday, March 3rd. Finally, BidaskClub raised shares of American Campus Communities from a “hold” rating to a “buy” rating in a report on Saturday. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $51.63.

About American Campus Communities

American Campus Communities, Inc is a self-managed and self-administered equity real estate investment trust (REIT). The Company’s segments include Wholly-Owned Properties, On-Campus Participating Properties, Development Services, and Property Management Services. It is engaged in the acquisition, design, financing, development, construction management, leasing and management of student housing properties.

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