American Campus Communities Inc (ACC) Shares Bought by Renaissance Technologies LLC

Renaissance Technologies LLC increased its stake in American Campus Communities Inc (NYSE:ACC) by 43.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 288,200 shares of the real estate investment trust’s stock after purchasing an additional 87,500 shares during the quarter. Renaissance Technologies LLC owned approximately 0.21% of American Campus Communities worth $13,632,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of ACC. Raymond James Trust N.A. grew its stake in American Campus Communities by 6.6% during 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 acquiring an additional 283 shares in the last quarter. Bridgewater Wealth & Financial Management LLC grew its stake in shares of 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 in the last quarter. Stifel Financial Corp grew its stake in shares of 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 in the last quarter. Ramsey Quantitative Systems bought a new stake in shares of American Campus Communities in the 2nd quarter valued at approximately $304,000. Finally, Riverhead Capital Management LLC grew its stake in shares of 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 in the last quarter.

Shares of American Campus Communities Inc (NYSE ACC) opened at 41.68 on Friday. The stock’s 50 day moving average price is $45.68 and its 200 day moving average price is $47.01. American Campus Communities Inc has a one year low of $41.40 and a one year high of $52.30. The company has a market cap of $5.69 billion, a PE ratio of 86.12 and a beta of 0.26.

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 firm had revenue of $169.90 million for the quarter, compared to the consensus estimate of $169.50 million. American Campus Communities had a net margin of 7.16% and a return on equity of 1.58%. The business’s revenue was down 3.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.54 earnings per share. Equities analysts predict that American Campus Communities Inc will post $0.65 earnings per share for the current fiscal year.

ACC has been the subject of several analyst reports. Hilliard Lyons upgraded American Campus Communities from an “underperform” rating to a “neutral” rating in a report on Friday, August 11th. KeyCorp restated a “buy” rating and issued a $56.00 target price on shares of American Campus Communities in a report on Friday, August 25th. Zacks Investment Research lowered American Campus Communities from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. TheStreet lowered American Campus Communities from a “b” rating to a “c+” rating in a report on Monday, July 24th. Finally, BidaskClub lowered American Campus Communities from a “buy” rating to a “hold” rating in a report on Saturday, July 8th. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $52.43.

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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.

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

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