Advisory Resource Group purchased a new position in shares of American Campus Communities, Inc. (NYSE:ACC) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 11,584 shares of the real estate investment trust’s stock, valued at approximately $541,000.

Several other large investors have also recently added to or reduced their stakes in the company. Sapience Investments LLC raised its stake in shares of American Campus Communities by 0.4% during the 1st quarter. Sapience Investments LLC now owns 70,720 shares of the real estate investment trust’s stock worth $3,365,000 after buying an additional 280 shares during the last quarter. Whittier Trust Co. of Nevada Inc. raised its stake in shares of American Campus Communities by 11.3% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 2,896 shares of the real estate investment trust’s stock worth $120,000 after buying an additional 295 shares during the last quarter. Macquarie Group Ltd. increased its position in American Campus Communities by 0.6% during the 4th quarter. Macquarie Group Ltd. now owns 51,600 shares of the real estate investment trust’s stock worth $2,136,000 after purchasing an additional 300 shares in the last quarter. Louisiana State Employees Retirement System increased its position in American Campus Communities by 0.8% during the 1st quarter. Louisiana State Employees Retirement System now owns 36,700 shares of the real estate investment trust’s stock worth $1,746,000 after purchasing an additional 300 shares in the last quarter. Finally, Parallel Advisors LLC increased its position in American Campus Communities by 97.5% during the 1st quarter. Parallel Advisors LLC now owns 630 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 311 shares in the last quarter. 97.09% of the stock is owned by institutional investors and hedge funds.

ACC opened at $47.00 on Monday. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.61 and a quick ratio of 1.61. The stock has a market capitalization of $6.45 billion, a price-to-earnings ratio of 20.35 and a beta of 0.42. American Campus Communities, Inc. has a 12 month low of $38.40 and a 12 month high of $48.49.

American Campus Communities (NYSE:ACC) last posted its quarterly earnings results on Monday, April 22nd. The real estate investment trust reported $0.69 EPS for the quarter, beating the consensus estimate of $0.65 by $0.04. The company had revenue of $242.10 million during the quarter, compared to analysts’ expectations of $226.72 million. American Campus Communities had a return on equity of 3.21% and a net margin of 13.39%. The firm’s revenue was up 9.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.65 EPS. As a group, sell-side analysts forecast that American Campus Communities, Inc. will post 2.42 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, May 24th. Shareholders of record on Monday, May 13th were issued a $0.47 dividend. This is a boost from American Campus Communities’s previous quarterly dividend of $0.46. The ex-dividend date of this dividend was Friday, May 10th. This represents a $1.88 annualized dividend and a yield of 4.00%. American Campus Communities’s payout ratio is 81.39%.

A number of analysts recently commented on the company. JMP Securities cut American Campus Communities from an “outperform” rating to a “market perform” rating in a research report on Wednesday, May 29th. Zacks Investment Research upgraded American Campus Communities from a “sell” rating to a “hold” rating in a research report on Wednesday, April 24th. KeyCorp lifted their price objective on American Campus Communities from $47.00 to $50.00 and gave the stock an “overweight” rating in a research report on Tuesday, March 19th. Finally, TheStreet upgraded American Campus Communities from a “c” rating to a “b-” rating in a research report on Wednesday, February 20th. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $47.00.

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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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