Teachers Retirement System of The State of Kentucky cut its position in American Campus Communities Inc (NYSE:ACC) by 9.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 27,730 shares of the real estate investment trust’s stock after selling 2,970 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in American Campus Communities were worth $1,320,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of the company. BlackRock Inc. increased its stake in American Campus Communities by 4,342.4% in the first quarter. BlackRock Inc. now owns 15,387,072 shares of the real estate investment trust’s stock worth $732,271,000 after buying an additional 15,040,705 shares during the period. Brookfield Asset Management Inc. acquired a new stake in American Campus Communities during the fourth quarter worth $101,919,000. Norges Bank acquired a new stake in American Campus Communities during the fourth quarter worth $57,592,000. Vanguard Group Inc. increased its stake in 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. Finally, Wells Fargo & Company MN increased its stake in 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.

American Campus Communities Inc (NYSE ACC) opened at 46.71 on Friday. American Campus Communities Inc has a 1-year low of $44.65 and a 1-year high of $54.56. The company’s 50 day moving average is $47.40 and its 200-day moving average is $48.23. The stock has a market capitalization of $6.26 billion, a PE ratio of 71.75 and a beta of 0.25.

American Campus Communities (NYSE:ACC) last released its quarterly earnings data on Monday, April 24th. The real estate investment trust reported $0.62 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.62. American Campus Communities had a net margin of 11.23% and a return on equity of 2.53%. The firm had revenue of $192.90 million during the quarter, compared to analysts’ expectations of $183.61 million. During the same period last year, the business earned $0.62 earnings per share. American Campus Communities’s revenue was down 3.5% compared to the same quarter last year. Analysts forecast that American Campus Communities Inc will post $0.86 earnings per share for the current fiscal year.

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ACC has been the topic of a number of research reports. Zacks Investment Research downgraded shares of American Campus Communities from a “hold” rating to a “sell” rating in a report on Tuesday, May 9th. FBR & Co restated a “buy” rating on shares of American Campus Communities in a report on Friday, May 19th. Evercore ISI upgraded shares of American Campus Communities from an “underperform” rating to an “in-line” rating and boosted their target price for the stock from $48.00 to $49.00 in a report on Monday, June 19th. BidaskClub upgraded shares of American Campus Communities from a “hold” rating to a “buy” rating in a report on Saturday, June 17th. Finally, JMP Securities upgraded shares of American Campus Communities from a “market perform” rating to an “outperform” rating and set a $55.00 target price on the stock in a report on Monday. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $52.25.

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.

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

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