AEW Capital Management L P Lowers Stake in American Campus Communities, Inc. (ACC)

AEW Capital Management L P decreased its stake in shares of American Campus Communities, Inc. (NYSE:ACC) by 1.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,345,374 shares of the real estate investment trust’s stock after selling 22,800 shares during the period. American Campus Communities makes up about 2.7% of AEW Capital Management L P’s investment portfolio, making the stock its 14th largest holding. AEW Capital Management L P’s holdings in American Campus Communities were worth $100,570,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Garner Asset Management Corp bought a new stake in shares of American Campus Communities during the second quarter worth $203,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of American Campus Communities during the second quarter worth $223,000. GWM Advisors LLC bought a new stake in shares of American Campus Communities during the first quarter worth $234,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of American Campus Communities during the first quarter worth $235,000. Finally, Teza Capital Management LLC bought a new stake in shares of American Campus Communities during the first quarter worth $282,000. 97.63% of the stock is owned by institutional investors.

ACC has been the subject of several research reports. TheStreet raised shares of American Campus Communities from a “c” rating to a “b-” rating in a research report on Tuesday, July 24th. Bank of America raised shares of American Campus Communities from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $43.00 to $46.50 in a research report on Thursday, June 14th. Zacks Investment Research raised shares of American Campus Communities from a “sell” rating to a “hold” rating in a research report on Tuesday, June 12th. Argus downgraded shares of American Campus Communities from a “buy” rating to a “hold” rating in a research report on Wednesday, July 18th. Finally, ValuEngine raised shares of American Campus Communities from a “sell” rating to a “hold” rating in a research report on Monday, July 2nd. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $45.55.



American Campus Communities stock opened at $41.24 on Wednesday. The firm has a market capitalization of $5.55 billion, a P/E ratio of 17.72 and a beta of 0.25. American Campus Communities, Inc. has a 1-year low of $34.52 and a 1-year high of $48.82. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.77.

American Campus Communities (NYSE:ACC) last released its earnings results on Monday, July 23rd. The real estate investment trust reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.01). The business had revenue of $190.20 million during the quarter, compared to the consensus estimate of $190.23 million. American Campus Communities had a net margin of 12.97% and a return on equity of 3.29%. The firm’s revenue for the quarter was up 11.9% on a year-over-year basis. During the same period last year, the business posted $0.53 EPS. research analysts anticipate that American Campus Communities, Inc. will post 2.3 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 24th. Investors of record on Monday, August 13th will be given a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 4.46%. The ex-dividend date of this dividend is Friday, August 10th. American Campus Communities’s dividend payout ratio (DPR) is currently 79.65%.

In related news, President James Clarence Hopke, Jr. sold 8,000 shares of the firm’s stock in a transaction on Thursday, June 14th. The shares were sold at an average price of $43.30, for a total value of $346,400.00. Following the completion of the transaction, the president now owns 69,794 shares of the company’s stock, valued at $3,022,080.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.64% of the stock is currently owned by company insiders.

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

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