Teachers Insurance & Annuity Association of America increased its position in shares of American Campus Communities, Inc. (NYSE:ACC) by 11.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 148,817 shares of the real estate investment trust’s stock after acquiring an additional 14,929 shares during the period. Teachers Insurance & Annuity Association of America owned about 0.11% of American Campus Communities worth $6,106,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Cohen & Steers Inc. lifted its stake in American Campus Communities by 20.2% during the 3rd quarter. Cohen & Steers Inc. now owns 16,080,372 shares of the real estate investment trust’s stock worth $709,948,000 after acquiring an additional 2,704,851 shares in the last quarter. Green Street Investors LLC purchased a new stake in American Campus Communities during the 4th quarter worth about $1,723,000. Crossmark Global Holdings Inc. purchased a new stake in American Campus Communities during the 3rd quarter worth about $647,000. Sarasin & Partners LLP increased its holdings in American Campus Communities by 33.6% during the 3rd quarter. Sarasin & Partners LLP now owns 172,791 shares of the real estate investment trust’s stock worth $7,629,000 after purchasing an additional 43,418 shares during the period. Finally, Stifel Financial Corp increased its holdings in American Campus Communities by 55.4% during the 3rd quarter. Stifel Financial Corp now owns 7,996 shares of the real estate investment trust’s stock worth $352,000 after purchasing an additional 2,850 shares during the period.
Several brokerages have weighed in on ACC. Zacks Investment Research upgraded American Campus Communities from a “sell” rating to a “hold” rating in a report on Monday, February 26th. Hilliard Lyons upgraded American Campus Communities from a “neutral” rating to a “buy” rating and set a $41.00 price target on the stock in a report on Thursday, February 22nd. Sandler O’Neill restated a “buy” rating and set a $43.00 price target on shares of American Campus Communities in a report on Monday, February 26th. B. Riley set a $50.00 price target on American Campus Communities and gave the stock a “buy” rating in a report on Wednesday, February 21st. Finally, JPMorgan Chase & Co. downgraded American Campus Communities from a “neutral” rating to an “underweight” rating and set a $45.00 price target on the stock. in a report on Friday, December 15th. One analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have given a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $48.55.
American Campus Communities (NYSE:ACC) last announced its earnings results on Tuesday, February 20th. The real estate investment trust reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.71 by $0.01. The firm had revenue of $227.60 million during the quarter, compared to analysts’ expectations of $200.28 million. American Campus Communities had a return on equity of 1.96% and a net margin of 8.67%. The business’s revenue was up 11.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.65 EPS. research analysts anticipate that American Campus Communities, Inc. will post 2.4 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, February 16th. Investors of record on Friday, February 2nd were given a $0.44 dividend. The ex-dividend date of this dividend was Thursday, February 1st. This represents a $1.76 dividend on an annualized basis and a dividend yield of 4.64%. American Campus Communities’s dividend payout ratio (DPR) is presently 352.00%.
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.
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