First Trust Advisors LP boosted its holdings in shares of American Campus Communities, Inc. (NYSE:ACC) by 52.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 61,903 shares of the real estate investment trust’s stock after buying an additional 21,165 shares during the period. First Trust Advisors LP’s holdings in American Campus Communities were worth $2,562,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also bought and sold shares of the business. M&T Bank Corp boosted its stake in American Campus Communities by 0.7% during the fourth quarter. M&T Bank Corp now owns 41,824 shares of the real estate investment trust’s stock worth $1,731,000 after buying an additional 286 shares in the last quarter. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of American Campus Communities by 11.3% during the fourth quarter. Whittier Trust Co. of Nevada Inc. now owns 2,896 shares of the real estate investment trust’s stock valued at $120,000 after acquiring an additional 295 shares during the period. Wright Investors Service Inc. lifted its holdings in shares of American Campus Communities by 4.8% during the fourth quarter. Wright Investors Service Inc. now owns 6,919 shares of the real estate investment trust’s stock valued at $287,000 after acquiring an additional 314 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of American Campus Communities by 1.1% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 37,079 shares of the real estate investment trust’s stock valued at $1,535,000 after acquiring an additional 410 shares during the period. Finally, Oppenheimer & Co. Inc. lifted its holdings in shares of American Campus Communities by 2.5% during the fourth quarter. Oppenheimer & Co. Inc. now owns 17,852 shares of the real estate investment trust’s stock valued at $739,000 after acquiring an additional 442 shares during the period. Hedge funds and other institutional investors own 97.63% of the company’s stock.
Shares of NYSE ACC opened at $46.56 on Friday. The firm has a market cap of $6.38 billion, a price-to-earnings ratio of 20.16 and a beta of 0.44. American Campus Communities, Inc. has a 52-week low of $35.88 and a 52-week high of $47.10. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.30 and a quick ratio of 1.30.
American Campus Communities (NYSE:ACC) last released its quarterly earnings results on Tuesday, February 19th. The real estate investment trust reported $0.72 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.73 by ($0.01). American Campus Communities had a net margin of 13.29% and a return on equity of 3.11%. The business had revenue of $245.87 million during the quarter, compared to the consensus estimate of $226.83 million. During the same period in the prior year, the firm earned $0.72 earnings per share. The business’s quarterly revenue was up 8.0% compared to the same quarter last year. As a group, sell-side analysts predict that American Campus Communities, Inc. will post 2.42 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, February 15th. Investors of record on Friday, February 1st were issued a $0.46 dividend. The ex-dividend date was Thursday, January 31st. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.95%. American Campus Communities’s dividend payout ratio is 79.65%.
A number of research analysts have issued reports on ACC shares. TheStreet raised American Campus Communities from a “c” rating to a “b-” rating in a report on Wednesday, February 20th. ValuEngine raised American Campus Communities from a “hold” rating to a “buy” rating in a report on Friday, December 7th. Capital One Financial started coverage on American Campus Communities in a report on Monday, November 19th. They set an “equal weight” rating and a $44.00 price objective for the company. Zacks Investment Research raised American Campus Communities from a “sell” rating to a “hold” rating in a report on Wednesday, February 27th. Finally, JPMorgan Chase & Co. raised American Campus Communities from an “underweight” rating to a “neutral” rating in a report on Wednesday, December 19th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. American Campus Communities presently has an average rating of “Hold” and a consensus target price of $46.13.
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About American Campus Communities
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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