Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in shares of American Campus Communities Inc (NYSE:ACC) by 0.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,567 shares of the real estate investment trust’s stock after buying an additional 97 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in American Campus Communities were worth $926,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Lasalle Investment Management Securities LLC increased its holdings in American Campus Communities by 2.0% during the first quarter. Lasalle Investment Management Securities LLC now owns 4,170,419 shares of the real estate investment trust’s stock valued at $198,470,000 after buying an additional 81,539 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in American Campus Communities by 17.2% during the second quarter. Russell Investments Group Ltd. now owns 74,359 shares of the real estate investment trust’s stock valued at $3,518,000 after buying an additional 10,937 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in American Campus Communities by 1.3% during the first quarter. Envestnet Asset Management Inc. now owns 50,636 shares of the real estate investment trust’s stock valued at $2,409,000 after buying an additional 663 shares during the last quarter. Morgan Stanley increased its holdings in American Campus Communities by 40.7% during the first quarter. Morgan Stanley now owns 411,317 shares of the real estate investment trust’s stock valued at $19,575,000 after buying an additional 118,937 shares during the last quarter. Finally, Metropolitan Life Insurance Co. NY increased its holdings in American Campus Communities by 0.6% during the first quarter. Metropolitan Life Insurance Co. NY now owns 131,368 shares of the real estate investment trust’s stock valued at $6,252,000 after buying an additional 735 shares during the last quarter.

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American Campus Communities Inc (NYSE ACC) opened at 47.75 on Thursday. American Campus Communities Inc has a 52-week low of $44.65 and a 52-week high of $52.53. The company has a market capitalization of $6.51 billion, a price-to-earnings ratio of 98.66 and a beta of 0.25. The firm has a 50 day moving average of $47.53 and a 200-day moving average of $47.60.

American Campus Communities (NYSE:ACC) last posted its earnings results on Monday, July 24th. The real estate investment trust reported $0.53 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.01). The firm had revenue of $169.90 million for the quarter, compared to analysts’ expectations of $169.50 million. American Campus Communities had a net margin of 8.59% and a return on equity of 1.90%. American Campus Communities’s revenue for the quarter was down 3.1% compared to the same quarter last year. During the same period last year, the firm earned $0.54 earnings per share. Equities analysts expect that American Campus Communities Inc will post $0.68 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, August 25th. Stockholders of record on Monday, August 14th were issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 3.69%. This is a positive change from American Campus Communities’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Thursday, August 10th. American Campus Communities’s payout ratio is 359.18%.

A number of analysts have commented on ACC shares. BidaskClub raised shares of American Campus Communities from a “hold” rating to a “buy” rating in a report on Saturday, June 17th. FBR & Co reaffirmed a “buy” rating on shares of American Campus Communities in a report on Friday, May 19th. Zacks Investment Research raised shares of American Campus Communities from a “hold” rating to a “buy” rating and set a $54.00 target price for the company in a report on Wednesday, June 28th. Canaccord Genuity reiterated a “buy” rating and issued a $56.00 price target on shares of American Campus Communities in a research report on Monday, July 24th. Finally, KeyCorp reiterated a “buy” rating and issued a $56.00 price target on shares of American Campus Communities in a research report on Friday, August 25th. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $53.13.

American Campus Communities Profile

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

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