Wolverine Asset Management LLC acquired a new position in American Campus Communities, Inc. (NYSE:ACC) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 8,203 shares of the real estate investment trust’s stock, valued at approximately $336,000.
Other hedge funds also recently bought and sold shares of the company. Cohen & Steers Inc. increased its position in shares of American Campus Communities by 20.2% in the third quarter. Cohen & Steers Inc. now owns 16,080,372 shares of the real estate investment trust’s stock worth $709,948,000 after purchasing an additional 2,704,851 shares during the last quarter. Green Street Investors LLC bought a new position in American Campus Communities during the fourth quarter valued at approximately $1,723,000. Crossmark Global Holdings Inc. bought a new position in American Campus Communities during the third quarter valued at approximately $647,000. Sarasin & Partners LLP grew its position in American Campus Communities by 33.6% during the third quarter. Sarasin & Partners LLP now owns 172,791 shares of the real estate investment trust’s stock valued at $7,629,000 after acquiring an additional 43,418 shares during the last quarter. Finally, Stifel Financial Corp grew its position in American Campus Communities by 55.4% during the third quarter. Stifel Financial Corp now owns 7,996 shares of the real estate investment trust’s stock valued at $352,000 after acquiring an additional 2,850 shares during the last quarter.
A number of research analysts have commented on the stock. B. Riley set a $56.00 price target on shares of American Campus Communities and gave the company a “buy” rating in a research report on Thursday, December 7th. JPMorgan Chase & Co. cut shares of American Campus Communities from a “neutral” rating to an “underweight” rating and set a $45.00 price target on the stock. in a research report on Friday, December 15th. KeyCorp reiterated an “overweight” rating and set a $47.00 price target (down from $56.00) on shares of American Campus Communities in a research report on Wednesday, December 20th. Zacks Investment Research cut shares of American Campus Communities from a “hold” rating to a “sell” rating in a research report on Tuesday, January 2nd. Finally, Sandler O’Neill upgraded shares of American Campus Communities from a “hold” rating to a “buy” rating and set a $45.00 price target on the stock in a research report on Friday, January 12th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have assigned a buy rating to the company. American Campus Communities has an average rating of “Buy” and an average target price of $47.92.
American Campus Communities, Inc. (NYSE:ACC) traded down $0.05 during trading hours on Friday, hitting $37.76. The stock had a trading volume of 232,703 shares, compared to its average volume of 864,890. The stock has a market capitalization of $5,212.74, a price-to-earnings ratio of 75.62, a PEG ratio of 12.16 and a beta of 0.24. American Campus Communities, Inc. has a 52-week low of $34.52 and a 52-week high of $49.93. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.38 and a current ratio of 1.38.
American Campus Communities (NYSE:ACC) last released its quarterly earnings data on Tuesday, February 20th. The real estate investment trust reported $0.72 earnings per share for the quarter, beating analysts’ consensus estimates of $0.71 by $0.01. The firm had revenue of $227.60 million during the quarter, compared to analyst estimates of $200.28 million. American Campus Communities had a return on equity of 1.96% and a net margin of 8.67%. The business’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.65 earnings per share. equities research analysts forecast that American Campus Communities, Inc. will post 2.4 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, February 16th. Stockholders of record on Friday, February 2nd were paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 4.66%. The ex-dividend date of this dividend was Thursday, February 1st. American Campus Communities’s dividend payout ratio (DPR) is presently 352.00%.
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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.
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