Sapience Investments LLC grew its holdings in American Campus Communities, Inc. (NYSE:ACC) by 26.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 43,880 shares of the real estate investment trust’s stock after purchasing an additional 9,280 shares during the quarter. Sapience Investments LLC’s holdings in American Campus Communities were worth $1,800,000 as of its most recent filing with the SEC.
Other institutional investors have also bought and sold shares of the company. CIBC Asset Management Inc acquired a new position in American Campus Communities in the third quarter worth $202,000. Kayne Anderson Capital Advisors LP acquired a new position in American Campus Communities in the fourth quarter worth $234,000. Cipher Capital LP acquired a new position in American Campus Communities in the third quarter worth $244,000. CrestPoint Capital Management LLC acquired a new position in American Campus Communities in the fourth quarter worth $246,000. Finally, Wolverine Asset Management LLC acquired a new position in American Campus Communities in the fourth quarter worth $336,000.
A number of equities analysts have commented on the company. Zacks Investment Research raised American Campus Communities from a “sell” rating to a “hold” rating in a research note on Monday, February 26th. Hilliard Lyons raised American Campus Communities from a “neutral” rating to a “buy” rating and set a $41.00 price objective on the stock in a research note on Thursday, February 22nd. Sandler O’Neill reissued a “buy” rating and issued a $43.00 price objective on shares of American Campus Communities in a research note on Monday, February 26th. B. Riley set a $50.00 price objective on American Campus Communities and gave the stock a “buy” rating in a research note on Wednesday, February 21st. Finally, JPMorgan Chase & Co. lowered American Campus Communities from a “neutral” rating to an “underweight” rating and set a $45.00 price target on the stock. in a research note on Friday, December 15th. One research analyst has rated the stock with a sell rating, four have given a hold rating and eleven have issued a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $48.55.
American Campus Communities (NYSE:ACC) last issued its quarterly earnings results on Tuesday, February 20th. The real estate investment trust reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.01. American Campus Communities had a return on equity of 1.96% and a net margin of 8.67%. The business had revenue of $227.60 million for the quarter, compared to analyst estimates of $200.28 million. During the same quarter in the prior year, the firm posted $0.65 earnings per share. The firm’s revenue for the quarter was up 11.6% compared to the same quarter last year. analysts forecast that American Campus Communities, Inc. will post 2.4 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Friday, February 16th. Stockholders of record on Friday, February 2nd were paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 4.64%. The ex-dividend date was Thursday, February 1st. American Campus Communities’s dividend payout ratio (DPR) is presently 352.00%.
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American Campus Communities 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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