State of Alaska Department of Revenue increased its stake in shares of American Campus Communities, Inc. (NYSE:ACC) by 122.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 100,140 shares of the real estate investment trust’s stock after acquiring an additional 55,180 shares during the quarter. State of Alaska Department of Revenue owned about 0.07% of American Campus Communities worth $4,108,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in ACC. CIBC Asset Management Inc acquired a new stake in American Campus Communities during the 3rd quarter worth $202,000. Cipher Capital LP acquired a new position in American Campus Communities in the third quarter valued at $244,000. CrestPoint Capital Management LLC acquired a new position in American Campus Communities in the fourth quarter valued at $246,000. Garner Asset Management Corp acquired a new position in American Campus Communities in the second quarter valued at $247,000. Finally, Verition Fund Management LLC acquired a new position in American Campus Communities in the second quarter valued at $282,000.
ACC has been the topic of a number of recent research reports. KeyCorp restated an “overweight” rating and issued a $47.00 price objective (down from $56.00) on shares of American Campus Communities in a research note on Wednesday, December 20th. Sandler O’Neill upgraded shares of American Campus Communities from a “hold” rating to a “buy” rating and set a $45.00 price objective on the stock in a research note on Friday, January 12th. Zacks Investment Research upgraded shares of American Campus Communities from a “sell” rating to a “hold” rating in a research note on Monday, October 16th. B. Riley set a $56.00 price objective on shares of American Campus Communities and gave the company a “buy” rating in a research note on Tuesday, November 14th. Finally, FBR & Co restated a “buy” rating and issued a $56.00 price objective on shares of American Campus Communities in a research note on Tuesday, October 24th. Two analysts have rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the company’s stock. American Campus Communities presently has an average rating of “Buy” and a consensus target price of $49.50.
Shares of American Campus Communities, Inc. (NYSE:ACC) opened at $38.92 on Tuesday. The firm has a market cap of $5,256.51, a PE ratio of 94.93, a PEG ratio of 12.21 and a beta of 0.28. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.79. American Campus Communities, Inc. has a fifty-two week low of $38.29 and a fifty-two week high of $51.70.
American Campus Communities (NYSE:ACC) last issued its earnings results on Monday, October 23rd. The real estate investment trust reported ($0.01) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by ($0.46). The firm had revenue of $196.94 million during the quarter, compared to analysts’ expectations of $187.51 million. American Campus Communities had a net margin of 7.16% and a return on equity of 1.58%. sell-side analysts expect that American Campus Communities, Inc. will post 2.31 EPS for the current year.
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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.
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