Chicago Equity Partners LLC Invests $2,099,000 in American Campus Communities Inc (ACC)
Chicago Equity Partners LLC purchased a new stake in shares of American Campus Communities Inc (NYSE:ACC) during the third quarter, Holdings Channel reports. The fund purchased 41,265 shares of the real estate investment trust’s stock, valued at approximately $2,099,000.
Several other large investors also recently modified their holdings of the stock. Presima Inc. bought a new stake in shares of American Campus Communities during the third quarter valued at about $25,069,000. Macquarie Group Ltd. boosted its stake in American Campus Communities by 42.3% in the second quarter. Macquarie Group Ltd. now owns 385,929 shares of the real estate investment trust’s stock valued at $20,404,000 after buying an additional 114,718 shares during the last quarter. State of Alaska Department of Revenue boosted its stake in American Campus Communities by 1.0% in the third quarter. State of Alaska Department of Revenue now owns 71,986 shares of the real estate investment trust’s stock valued at $3,661,000 after buying an additional 721 shares during the last quarter. Daiwa Securities Group Inc. boosted its stake in American Campus Communities by 87,102.4% in the second quarter. Daiwa Securities Group Inc. now owns 4,070,608 shares of the real estate investment trust’s stock valued at $215,213,000 after buying an additional 4,065,940 shares during the last quarter. Finally, Whittier Trust Co. boosted its stake in American Campus Communities by 1.2% in the second quarter. Whittier Trust Co. now owns 18,797 shares of the real estate investment trust’s stock valued at $994,000 after buying an additional 228 shares during the last quarter.
Shares of American Campus Communities Inc (NYSE:ACC) traded up 0.49% during midday trading on Friday, hitting $49.49. 600,138 shares of the stock traded hands. American Campus Communities Inc has a 52 week low of $38.63 and a 52 week high of $54.56. The company’s 50-day moving average is $48.14 and its 200 day moving average is $49.85. The firm has a market capitalization of $6.54 billion, a PE ratio of 61.55 and a beta of 0.22.
American Campus Communities (NYSE:ACC) last announced its earnings results on Monday, October 24th. The real estate investment trust reported $0.45 EPS for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.02. American Campus Communities had a net margin of 13.00% and a return on equity of 3.11%. The business earned $196.40 million during the quarter, compared to analysts’ expectations of $183.69 million. During the same period in the prior year, the company earned $0.43 earnings per share. The firm’s revenue was up 8.6% on a year-over-year basis. Analysts anticipate that American Campus Communities Inc will post $0.86 earnings per share for the current year.
COPYRIGHT VIOLATION NOTICE: This report was posted by Watch List News and is the propert of of Watch List News. If you are viewing this report on another publication, it was copied illegally and republished in violation of US and international copyright & trademark laws. The correct version of this report can be read at http://www.watchlistnews.com/chicago-equity-partners-llc-invests-2099000-in-american-campus-communities-inc-acc/1060519.html.
Several brokerages have recently issued reports on ACC. Zacks Investment Research downgraded shares of American Campus Communities from a “buy” rating to a “hold” rating in a report on Tuesday, November 1st. Capital One Financial Corporation initiated coverage on American Campus Communities in a report on Friday, September 23rd. They issued an “equal weight” rating and a $49.00 price objective for the company. FBR & Co reaffirmed a “buy” rating and set a $56.00 price target on shares of American Campus Communities in a research report on Wednesday, October 26th. Robert W. Baird raised shares of American Campus Communities to an “outperform” rating in a research report on Wednesday, September 28th. Finally, Canaccord Genuity reaffirmed a “buy” rating and set a $59.00 price target on shares of American Campus Communities in a research report on Thursday, October 6th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $51.63.
In other news, EVP Jennifer Beese sold 856 shares of the stock in a transaction on Friday, November 4th. The shares were sold at an average price of $48.45, for a total value of $41,473.20. Following the completion of the sale, the executive vice president now directly owns 31,475 shares of the company’s stock, valued at $1,524,963.75. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider William C. Bayless, Jr. sold 12,409 shares of the stock in a transaction on Thursday, October 27th. The stock was sold at an average price of $50.11, for a total transaction of $621,814.99. Following the completion of the sale, the insider now directly owns 271,873 shares of the company’s stock, valued at $13,623,556.03. The disclosure for this sale can be found here. Company insiders own 0.65% of the company’s stock.
American Campus Communities Company Profile
American Campus Communities, Inc is a self-managed and self-administered equity real estate investment trust. 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.
Want to see what other hedge funds are holding ACC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Campus Communities Inc (NYSE:ACC).
Receive News & Ratings for American Campus Communities Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Campus Communities Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.