Northstar Group Inc. decreased its stake in shares of American Campus Communities Inc (NYSE:ACC) by 3.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,550 shares of the real estate investment trust’s stock after selling 300 shares during the period. Northstar Group Inc.’s holdings in American Campus Communities were worth $620,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Glen Harbor Capital Management LLC boosted its position in American Campus Communities by 12.7% in the first quarter. Glen Harbor Capital Management LLC now owns 26,070 shares of the real estate investment trust’s stock worth $1,241,000 after buying an additional 2,948 shares during the last quarter. First Citizens Bank & Trust Co. acquired a new stake in American Campus Communities during the first quarter worth about $398,000. Retirement Systems of Alabama raised its stake in American Campus Communities by 0.4% in the first quarter. Retirement Systems of Alabama now owns 333,487 shares of the real estate investment trust’s stock worth $15,871,000 after buying an additional 1,490 shares during the period. State of Alaska Department of Revenue raised its stake in American Campus Communities by 23.0% in the first quarter. State of Alaska Department of Revenue now owns 35,980 shares of the real estate investment trust’s stock worth $1,712,000 after buying an additional 6,730 shares during the period. Finally, Louisiana State Employees Retirement System raised its stake in American Campus Communities by 3.1% in the first quarter. Louisiana State Employees Retirement System now owns 33,700 shares of the real estate investment trust’s stock worth $1,604,000 after buying an additional 1,000 shares during the period.

American Campus Communities Inc (ACC) opened at 47.07 on Monday. American Campus Communities Inc has a 52-week low of $44.65 and a 52-week high of $53.91. The firm has a market cap of $6.34 billion, a price-to-earnings ratio of 97.25 and a beta of 0.25. The stock has a 50 day moving average of $47.72 and a 200-day moving average of $47.99.

American Campus Communities (NYSE:ACC) last announced its quarterly earnings data on Monday, July 24th. The real estate investment trust reported $0.53 EPS for the quarter, missing the Zacks’ consensus estimate of $0.54 by $0.01. The firm had revenue of $169.90 million during the quarter, compared to analyst estimates of $169.50 million. American Campus Communities had a return on equity of 1.90% and a net margin of 8.59%. American Campus Communities’s revenue for the quarter was down 3.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.54 earnings per share. On average, analysts expect that American Campus Communities Inc will post $0.78 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 25th. Investors of record on Monday, August 14th will be given a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 3.74%. This is a positive change from American Campus Communities’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Thursday, August 10th. American Campus Communities’s dividend payout ratio (DPR) is presently 359.18%.

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A number of equities research analysts have recently weighed in on ACC shares. Zacks Investment Research lowered shares of American Campus Communities from a “hold” rating to a “sell” rating in a research note on Tuesday, May 9th. Evercore ISI raised shares of American Campus Communities from an “underperform” rating to an “in-line” rating and raised their price objective for the stock from $48.00 to $49.00 in a research report on Monday, June 19th. FBR & Co reissued a “buy” rating on shares of American Campus Communities in a research report on Friday, May 19th. BidaskClub raised shares of American Campus Communities from a “hold” rating to a “buy” rating in a research report on Saturday, June 17th. Finally, JMP Securities raised shares of American Campus Communities from a “market perform” rating to an “outperform” rating and set a $55.00 price objective on the stock in a research report on Monday, July 10th. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. American Campus Communities presently has an average rating of “Buy” and an average price target of $52.13.

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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