Bank of New York Mellon Corp increased its position in American Campus Communities Inc (NYSE:ACC) by 2.5% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 1,694,112 shares of the real estate investment trust’s stock after buying an additional 40,968 shares during the period. Bank of New York Mellon Corp owned about 1.26% of American Campus Communities worth $80,131,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the company. Israel Discount Bank of New York bought a new position in shares of American Campus Communities during the first quarter worth approximately $116,000. Stifel Financial Corp boosted 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 worth $277,000 after buying an additional 308 shares in the last quarter. Sprott Inc. bought a new position in shares of American Campus Communities during the first quarter worth approximately $339,000. Quantbot Technologies LP bought a new position in shares of American Campus Communities during the first quarter worth approximately $382,000. Finally, Canada Pension Plan Investment Board boosted its position in shares of American Campus Communities by 102.4% in the first quarter. Canada Pension Plan Investment Board now owns 8,500 shares of the real estate investment trust’s stock worth $405,000 after buying an additional 4,300 shares in the last quarter.

American Campus Communities Inc (NYSE:ACC) opened at 47.03 on Tuesday. The company has a 50 day moving average price of $47.41 and a 200 day moving average price of $47.76. American Campus Communities Inc has a 1-year low of $44.65 and a 1-year high of $52.53. The firm has a market cap of $6.42 billion, a PE ratio of 97.17 and a beta of 0.25.

American Campus Communities (NYSE:ACC) last posted its quarterly earnings data 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 business 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 revenue for the quarter was down 3.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.54 EPS. On average, equities research analysts forecast that American Campus Communities Inc will post $0.68 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 25th. Shareholders of record on Monday, August 14th were issued a $0.44 dividend. The ex-dividend date was Thursday, August 10th. This represents a $1.76 dividend on an annualized basis and a yield of 3.74%. This is an increase from American Campus Communities’s previous quarterly dividend of $0.42. American Campus Communities’s payout ratio is currently 359.18%.

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ACC has been the topic of a number of recent research reports. Zacks Investment Research upgraded American Campus Communities from a “hold” rating to a “buy” rating and set a $54.00 price objective on the stock in a research note on Wednesday, June 28th. BidaskClub upgraded American Campus Communities from a “hold” rating to a “buy” rating in a research note on Tuesday, July 25th. Canaccord Genuity restated a “buy” rating and set a $56.00 price objective on shares of American Campus Communities in a research note on Monday, July 24th. FBR & Co restated a “buy” rating on shares of American Campus Communities in a research note on Friday, May 19th. Finally, KeyCorp restated a “buy” rating and set a $56.00 price objective on shares of American Campus Communities in a research note on Friday. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. American Campus Communities presently has a consensus rating of “Buy” and an average price target of $53.13.

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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