Russell Investments Group Ltd. grew its position in American Campus Communities, Inc. (NYSE:ACC) by 91.2% in the 1st quarter, HoldingsChannel.com reports. The firm owned 277,540 shares of the real estate investment trust’s stock after purchasing an additional 132,357 shares during the period. Russell Investments Group Ltd.’s holdings in American Campus Communities were worth $7,702,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in ACC. FMR LLC raised its holdings in shares of American Campus Communities by 1,518.3% in the first quarter. FMR LLC now owns 971 shares of the real estate investment trust’s stock valued at $46,000 after purchasing an additional 911 shares during the last quarter. Amundi Pioneer Asset Management Inc. raised its holdings in shares of American Campus Communities by 10.3% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 87,619 shares of the real estate investment trust’s stock valued at $4,168,000 after purchasing an additional 8,173 shares during the last quarter. Huntington National Bank raised its holdings in shares of American Campus Communities by 360.3% in the fourth quarter. Huntington National Bank now owns 1,183 shares of the real estate investment trust’s stock valued at $56,000 after purchasing an additional 926 shares during the last quarter. Janney Montgomery Scott LLC raised its holdings in shares of American Campus Communities by 9.0% in the fourth quarter. Janney Montgomery Scott LLC now owns 25,283 shares of the real estate investment trust’s stock valued at $1,189,000 after purchasing an additional 2,084 shares during the last quarter. Finally, SeaCrest Wealth Management LLC raised its holdings in shares of American Campus Communities by 9.7% in the fourth quarter. SeaCrest Wealth Management LLC now owns 14,984 shares of the real estate investment trust’s stock valued at $705,000 after purchasing an additional 1,329 shares during the last quarter. Institutional investors own 92.05% of the company’s stock.

Shares of NYSE:ACC opened at $31.45 on Friday. The company has a quick ratio of 4.17, a current ratio of 4.17 and a debt-to-equity ratio of 1.06. The firm has a market capitalization of $4.40 billion, a PE ratio of 32.42 and a beta of 1.09. American Campus Communities, Inc. has a twelve month low of $20.13 and a twelve month high of $50.94. The company has a 50-day moving average price of $31.02 and a two-hundred day moving average price of $40.98.

American Campus Communities (NYSE:ACC) last issued its earnings results on Monday, April 20th. The real estate investment trust reported $0.58 earnings per share for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.10). The business had revenue of $249.40 million for the quarter, compared to the consensus estimate of $232.12 million. American Campus Communities had a return on equity of 4.32% and a net margin of 14.33%. American Campus Communities’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.71 EPS. Analysts anticipate that American Campus Communities, Inc. will post 2.2 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, May 22nd. Shareholders of record on Monday, May 11th were given a dividend of $0.47 per share. The ex-dividend date of this dividend was Friday, May 8th. This represents a $1.88 dividend on an annualized basis and a yield of 5.98%. American Campus Communities’s dividend payout ratio is presently 77.69%.

A number of research firms recently issued reports on ACC. Deutsche Bank decreased their price objective on shares of American Campus Communities from $52.00 to $37.00 and set a “hold” rating for the company in a report on Thursday, April 16th. Evercore ISI upgraded shares of American Campus Communities from an “in-line” rating to an “outperform” rating in a report on Wednesday, March 25th. Zacks Investment Research downgraded shares of American Campus Communities from a “hold” rating to a “sell” rating in a report on Tuesday, March 10th. KeyCorp decreased their price objective on shares of American Campus Communities from $51.00 to $45.00 and set an “overweight” rating for the company in a report on Monday, April 20th. Finally, Goldman Sachs Group upgraded shares of American Campus Communities from a “neutral” rating to a “buy” rating in a report on Thursday, April 2nd. One analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $46.38.

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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