HighTower Advisors LLC reduced its position in American Campus Communities Inc (NYSE:ACC) by 2.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 47,668 shares of the real estate investment trust’s stock after selling 1,048 shares during the quarter. HighTower Advisors LLC’s holdings in American Campus Communities were worth $2,261,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Raymond James Trust N.A. increased its holdings in American Campus Communities by 6.6% in the 2nd quarter. Raymond James Trust N.A. now owns 4,567 shares of the real estate investment trust’s stock valued at $216,000 after buying an additional 283 shares during the period. Stifel Financial Corp increased its holdings in American Campus Communities by 5.6% in the 1st quarter. Stifel Financial Corp now owns 5,769 shares of the real estate investment trust’s stock valued at $277,000 after buying an additional 308 shares during the period. Bridgewater Wealth & Financial Management LLC increased its holdings in American Campus Communities by 1.3% in the 2nd quarter. Bridgewater Wealth & Financial Management LLC now owns 5,813 shares of the real estate investment trust’s stock valued at $275,000 after buying an additional 75 shares during the period. Ramsey Quantitative Systems bought a new position in American Campus Communities in the 2nd quarter valued at about $304,000. Finally, Riverhead Capital Management LLC increased its holdings in American Campus Communities by 74.3% in the 2nd quarter. Riverhead Capital Management LLC now owns 8,019 shares of the real estate investment trust’s stock valued at $379,000 after buying an additional 3,419 shares during the period.

Shares of American Campus Communities Inc (NYSE:ACC) opened at 44.84 on Friday. American Campus Communities Inc has a 1-year low of $43.98 and a 1-year high of $52.53. The firm has a market capitalization of $6.12 billion, a P/E ratio of 92.64 and a beta of 0.26. The stock has a 50 day moving average of $46.93 and a 200-day moving average of $47.35.

American Campus Communities (NYSE:ACC) last posted its quarterly earnings data on Monday, July 24th. The real estate investment trust reported $0.53 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by ($0.01). The company had revenue of $169.90 million during the quarter, compared to the consensus estimate of $169.50 million. American Campus Communities had a return on equity of 1.90% and a net margin of 8.59%. The firm’s revenue for the quarter was down 3.1% on a year-over-year basis. During the same quarter last year, the company posted $0.54 earnings per share. On average, equities analysts expect that American Campus Communities Inc will post $0.64 earnings per share for the current year.

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Several equities analysts have commented on ACC shares. Evercore ISI raised shares of American Campus Communities from an “underperform” rating to an “in-line” rating and raised their target price for the company from $48.00 to $49.00 in a report on Monday, June 19th. BidaskClub raised shares of American Campus Communities from a “hold” rating to a “buy” rating in a report on Saturday, June 17th. Hilliard Lyons raised shares of American Campus Communities from an “underperform” rating to a “neutral” rating in a report on Friday, August 11th. KeyCorp reissued a “buy” rating and issued a $56.00 target price on shares of American Campus Communities in a report on Friday, August 25th. Finally, TheStreet lowered shares of American Campus Communities from a “b” rating to a “c+” rating in a report on Monday, July 24th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $53.67.

About American Campus Communities

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.

Institutional Ownership by Quarter for American Campus Communities (NYSE:ACC)

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