Public Employees Retirement System of Ohio decreased its stake in shares of American Campus Communities Inc (NYSE:ACC) by 0.2% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 207,556 shares of the real estate investment trust’s stock after selling 330 shares during the period. Public Employees Retirement System of Ohio owned 0.15% of American Campus Communities worth $9,817,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Raymond James Trust N.A. increased its holdings in shares of American Campus Communities by 6.6% during the 2nd quarter. Raymond James Trust N.A. now owns 4,567 shares of the real estate investment trust’s stock valued at $216,000 after acquiring an additional 283 shares during the last quarter. Garner Asset Management Corp acquired a new position in shares of American Campus Communities during the 2nd quarter valued at about $247,000. Bridgewater Wealth & Financial Management LLC increased its holdings in shares of American Campus Communities by 1.3% during the 2nd quarter. Bridgewater Wealth & Financial Management LLC now owns 5,813 shares of the real estate investment trust’s stock valued at $275,000 after acquiring an additional 75 shares during the last quarter. Stifel Financial Corp increased its holdings in shares of American Campus Communities by 5.6% during the 1st quarter. Stifel Financial Corp now owns 5,769 shares of the real estate investment trust’s stock valued at $277,000 after acquiring an additional 308 shares during the last quarter. Finally, Verition Fund Management LLC acquired a new position in shares of American Campus Communities during the 2nd quarter valued at about $282,000.

Shares of American Campus Communities Inc (NYSE:ACC) opened at 43.66 on Friday. The company has a market cap of $5.96 billion, a P/E ratio of 90.21 and a beta of 0.26. The company’s 50-day moving average price is $46.19 and its 200 day moving average price is $47.16. American Campus Communities Inc has a 52 week low of $43.63 and a 52 week high of $52.53.

American Campus Communities (NYSE:ACC) last announced its quarterly earnings results on Monday, July 24th. The real estate investment trust reported $0.53 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.01). The business had revenue of $169.90 million for 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 quarterly revenue was down 3.1% compared to the same quarter last year. During the same period last year, the firm earned $0.54 EPS. On average, equities analysts forecast that American Campus Communities Inc will post $0.63 EPS for the current fiscal year.

ILLEGAL ACTIVITY NOTICE: “Public Employees Retirement System of Ohio Has $9.82 Million Stake in American Campus Communities Inc (ACC)” was reported by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this piece of content on another publication, it was copied illegally and republished in violation of US & international copyright legislation. The legal version of this piece of content can be accessed at https://www.thecerbatgem.com/2017/10/20/public-employees-retirement-system-of-ohio-has-9-82-million-stake-in-american-campus-communities-inc-acc.html.

A number of research analysts have recently commented on the company. JMP Securities raised American Campus Communities from a “market perform” rating to an “outperform” rating and set a $55.00 price objective on the stock in a report on Monday, July 10th. Canaccord Genuity reissued a “buy” rating and set a $56.00 price objective on shares of American Campus Communities in a report on Monday, July 24th. BidaskClub raised American Campus Communities from a “hold” rating to a “buy” rating in a report on Tuesday, July 25th. Zacks Investment Research upgraded American Campus Communities from a “sell” rating to a “hold” rating in a research note on Friday, July 21st. Finally, TheStreet downgraded American Campus Communities from a “b” rating to a “c+” rating in a research note on Monday, July 24th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the company. American Campus Communities presently has an average rating of “Buy” and a consensus target price of $53.67.

American Campus Communities Company 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.

Want to see what other hedge funds are holding ACC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Campus Communities Inc (NYSE:ACC).

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

Receive News & Stock Ratings for American Campus Communities Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Campus Communities Inc and related stocks with our FREE daily email newsletter.