Riverhead Capital Management LLC grew its holdings in American Campus Communities Inc (NYSE:ACC) by 74.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,019 shares of the real estate investment trust’s stock after purchasing an additional 3,419 shares during the period. Riverhead Capital Management LLC’s holdings in American Campus Communities were worth $379,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. increased its holdings in shares of American Campus Communities by 3.2% in the 1st quarter. Vanguard Group Inc. now owns 20,785,614 shares of the real estate investment trust’s stock worth $989,187,000 after purchasing an additional 651,470 shares in the last quarter. BlackRock Inc. increased its holdings in shares of American Campus Communities by 4,342.4% in the 1st quarter. BlackRock Inc. now owns 15,387,072 shares of the real estate investment trust’s stock worth $732,271,000 after purchasing an additional 15,040,705 shares in the last quarter. State Street Corp increased its holdings in shares of American Campus Communities by 1.4% in the 1st quarter. State Street Corp now owns 5,754,620 shares of the real estate investment trust’s stock worth $273,859,000 after purchasing an additional 77,688 shares in the last quarter. Daiwa Securities Group Inc. increased its holdings in shares of American Campus Communities by 47.3% in the 2nd quarter. Daiwa Securities Group Inc. now owns 4,798,215 shares of the real estate investment trust’s stock worth $226,955,000 after purchasing an additional 1,541,548 shares in the last quarter. Finally, Lasalle Investment Management Securities LLC increased its holdings in shares of American Campus Communities by 5.4% in the 2nd quarter. Lasalle Investment Management Securities LLC now owns 4,395,546 shares of the real estate investment trust’s stock worth $207,909,000 after purchasing an additional 225,127 shares in the last quarter.

Shares of American Campus Communities Inc (NYSE:ACC) opened at 47.32 on Friday. The company has a market cap of $6.46 billion, a price-to-earnings ratio of 97.77 and a beta of 0.25. American Campus Communities Inc has a one year low of $44.65 and a one year high of $52.53. The company has a 50 day moving average price of $47.61 and a 200 day moving average price of $47.51.

American Campus Communities (NYSE:ACC) last released its earnings results on Monday, July 24th. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.01). American Campus Communities had a net margin of 8.59% and a return on equity of 1.90%. The firm had revenue of $169.90 million during the quarter, compared to analyst estimates of $169.50 million. During the same period in the previous year, the company earned $0.54 earnings per share. American Campus Communities’s revenue was down 3.1% on a year-over-year basis. Equities analysts predict that American Campus Communities Inc will post $0.68 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, August 25th. Investors of record on Monday, August 14th were given a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 3.72%. This is an increase from American Campus Communities’s previous quarterly dividend of $0.42. The ex-dividend date was Thursday, August 10th. American Campus Communities’s dividend payout ratio is presently 359.18%.

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A number of research firms have commented on ACC. Cantor Fitzgerald reissued an “overweight” rating on shares of American Campus Communities in a report on Thursday, August 10th. BidaskClub raised American Campus Communities from a “hold” rating to a “buy” rating in a report on Tuesday, July 25th. Sandler O’Neill lowered American Campus Communities from a “buy” rating to a “hold” rating and cut their price objective for the stock from $55.00 to $50.00 in a report on Wednesday, July 26th. JMP Securities raised American Campus Communities from a “market perform” rating to an “outperform” rating and set a $55.00 price objective for the company in a report on Monday, July 10th. Finally, Canaccord Genuity reaffirmed a “buy” rating and issued a $56.00 price objective on shares of American Campus Communities in a report on Monday, July 24th. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. American Campus Communities currently has a consensus rating of “Buy” and a consensus target price of $53.71.

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

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