Quantitative Systematic Strategies LLC Raises Stake in American Campus Communities, Inc. (ACC)
Quantitative Systematic Strategies LLC grew its holdings in American Campus Communities, Inc. (NYSE:ACC) by 138.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 64,053 shares of the real estate investment trust’s stock after purchasing an additional 37,205 shares during the period. American Campus Communities comprises 0.8% of Quantitative Systematic Strategies LLC’s portfolio, making the stock its 28th largest holding. Quantitative Systematic Strategies LLC’s holdings in American Campus Communities were worth $3,048,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Oregon Public Employees Retirement Fund grew its stake in shares of American Campus Communities by 4,039.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,240,358 shares of the real estate investment trust’s stock valued at $54,000 after buying an additional 2,186,230 shares in the last quarter. JPMorgan Chase & Co. boosted its position in American Campus Communities by 39.2% during the third quarter. JPMorgan Chase & Co. now owns 6,597,994 shares of the real estate investment trust’s stock worth $271,572,000 after purchasing an additional 1,858,226 shares during the period. Norges Bank bought a new stake in American Campus Communities during the fourth quarter worth approximately $55,777,000. Prudential Financial Inc. boosted its position in American Campus Communities by 393.3% during the fourth quarter. Prudential Financial Inc. now owns 1,443,158 shares of the real estate investment trust’s stock worth $59,733,000 after purchasing an additional 1,150,606 shares during the period. Finally, WINTON GROUP Ltd boosted its position in American Campus Communities by 1,284.4% during the fourth quarter. WINTON GROUP Ltd now owns 623,763 shares of the real estate investment trust’s stock worth $25,818,000 after purchasing an additional 578,708 shares during the period. Institutional investors own 98.36% of the company’s stock.
A number of brokerages have issued reports on ACC. Zacks Investment Research cut American Campus Communities from a “hold” rating to a “sell” rating in a research report on Wednesday, April 10th. KeyCorp upped their target price on American Campus Communities from $47.00 to $50.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 19th. Finally, TheStreet raised American Campus Communities from a “c” rating to a “b-” rating in a research report on Wednesday, February 20th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company. American Campus Communities presently has a consensus rating of “Hold” and a consensus price target of $46.90.
American Campus Communities (NYSE:ACC) last announced its earnings results on Tuesday, February 19th. The real estate investment trust reported $0.72 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.01). American Campus Communities had a return on equity of 3.11% and a net margin of 13.29%. The company had revenue of $245.87 million for the quarter, compared to the consensus estimate of $226.83 million. During the same period in the previous year, the company earned $0.72 EPS. The firm’s revenue for the quarter was up 8.0% compared to the same quarter last year. Sell-side analysts anticipate that American Campus Communities, Inc. will post 2.42 earnings per share for the current year.
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American Campus Communities Company Profile
American Campus Communities, Inc is the largest owner, manager and developer of high-quality student housing communities in the United States. The company is a fully integrated, self-managed and self-administered equity real estate investment trust (REIT) with expertise in the design, finance, development, construction management and operational management of student housing properties.
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