Neuburgh Advisers LLC reduced its stake in shares of American Campus Communities, Inc. (NYSE:ACC) by 27.0% during the 2nd quarter, HoldingsChannel reports. The firm owned 12,864 shares of the real estate investment trust’s stock after selling 4,768 shares during the quarter. Neuburgh Advisers LLC’s holdings in American Campus Communities were worth $594,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of ACC. Geode Capital Management LLC increased its holdings in shares of American Campus Communities by 7.1% in the fourth quarter. Geode Capital Management LLC now owns 1,754,211 shares of the real estate investment trust’s stock valued at $72,606,000 after purchasing an additional 116,613 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in American Campus Communities by 9.6% during the first quarter. Janney Montgomery Scott LLC now owns 21,843 shares of the real estate investment trust’s stock worth $1,039,000 after buying an additional 1,908 shares during the last quarter. First Republic Investment Management Inc. boosted its stake in American Campus Communities by 2.3% during the first quarter. First Republic Investment Management Inc. now owns 14,927 shares of the real estate investment trust’s stock worth $710,000 after buying an additional 337 shares during the last quarter. Janus Henderson Group PLC purchased a new stake in American Campus Communities in the 1st quarter valued at $1,457,000. Finally, Parallel Advisors LLC grew its holdings in American Campus Communities by 97.5% in the 1st quarter. Parallel Advisors LLC now owns 630 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 311 shares in the last quarter. Institutional investors and hedge funds own 95.28% of the company’s stock.

Several brokerages have recently weighed in on ACC. JMP Securities cut shares of American Campus Communities from an “outperform” rating to a “market perform” rating in a research report on Wednesday, May 29th. ValuEngine cut shares of American Campus Communities from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Zacks Investment Research cut shares of American Campus Communities from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Capital One Financial raised shares of American Campus Communities from an “equal weight” rating to an “overweight” rating in a research note on Monday, July 8th. Finally, TheStreet lowered shares of American Campus Communities from a “b-” rating to a “c” rating in a research report on Monday, July 22nd. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $50.17.

Shares of NYSE ACC traded up $0.08 during mid-day trading on Wednesday, reaching $46.55. 26,787 shares of the company’s stock were exchanged, compared to its average volume of 594,683. The firm has a market capitalization of $6.36 billion, a price-to-earnings ratio of 20.18 and a beta of 0.39. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.46 and a current ratio of 1.46. American Campus Communities, Inc. has a 52-week low of $38.40 and a 52-week high of $49.33. The company’s 50-day moving average is $46.80 and its 200-day moving average is $46.91.

American Campus Communities (NYSE:ACC) last issued its quarterly earnings data on Monday, July 22nd. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.02. American Campus Communities had a net margin of 9.27% and a return on equity of 2.05%. The firm had revenue of $203.20 million for the quarter, compared to analyst estimates of $206.82 million. During the same period in the previous year, the firm earned $0.52 EPS. American Campus Communities’s revenue was up 7.2% on a year-over-year basis. As a group, equities analysts predict that American Campus Communities, Inc. will post 2.42 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Monday, August 12th were given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 4.04%. The ex-dividend date of this dividend was Friday, August 9th. American Campus Communities’s dividend payout ratio is presently 81.39%.

American Campus Communities 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.

Further Reading: Why Invest in Dividend Achievers?

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

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