Teachers Retirement System of The State of Kentucky decreased its stake in American Campus Communities Inc (NYSE:ACC) by 9.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor 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.

Other hedge funds and other institutional investors have also modified their holdings of the company. Israel Discount Bank of New York acquired a new position in shares of American Campus Communities during the first quarter valued at about $116,000. Israel Discount Bank of New York GFN acquired a new position in shares of American Campus Communities during the fourth quarter valued at about $121,000. Stifel Financial Corp increased its position in shares of American Campus Communities by 5.6% in the first quarter. Stifel Financial Corp now owns 5,769 shares of the real estate investment trust’s stock valued at $277,000 after buying an additional 308 shares during the last quarter. Sprott Inc. acquired a new position in shares of American Campus Communities during the first quarter valued at about $339,000. Finally, Quantbot Technologies LP acquired a new position in shares of American Campus Communities during the first quarter valued at about $382,000.

Shares of American Campus Communities Inc (NYSE:ACC) traded up 0.08% during mid-day trading on Tuesday, hitting $47.20. 443,645 shares of the company traded hands. The firm has a 50-day moving average price of $47.66 and a 200 day moving average price of $47.97. American Campus Communities Inc has a 52-week low of $44.65 and a 52-week high of $53.27. The firm has a market cap of $6.35 billion, a price-to-earnings ratio of 97.52 and a beta of 0.25.

American Campus Communities (NYSE:ACC) last announced its earnings results on Monday, July 24th. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.54 by $0.01. The company had revenue of $169.90 million during the quarter, compared to the consensus estimate of $169.50 million. American Campus Communities had a net margin of 8.59% and a return on equity of 1.90%. The business’s quarterly revenue was down 3.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.54 EPS. Equities research analysts anticipate that American Campus Communities Inc will post $0.75 EPS for the current fiscal year.

The business also recently announced 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 3.73%. The ex-dividend date is Thursday, August 10th. This is a positive change from American Campus Communities’s previous quarterly dividend of $0.42. American Campus Communities’s dividend payout ratio is currently 359.18%.

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Several analysts have recently commented on the stock. Zacks Investment Research cut shares of American Campus Communities from a “buy” rating to a “hold” rating in a research note on Friday, July 14th. BidaskClub cut shares of American Campus Communities from a “buy” rating to a “hold” rating in a research note on Saturday, July 8th. FBR & Co restated a “buy” rating on shares of American Campus Communities in a research note on Friday, May 19th. Canaccord Genuity restated a “buy” rating and issued a $56.00 target price on shares of American Campus Communities in a research note on Monday, July 24th. Finally, Sandler O’Neill cut shares of American Campus Communities from a “buy” rating to a “hold” rating and reduced their target price for the stock from $55.00 to $50.00 in a research note on Wednesday, July 26th. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. American Campus Communities presently has a consensus 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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