31,873 Shares in American Campus Communities, Inc. (NYSE:ACC) Acquired by OppenheimerFunds Inc.

OppenheimerFunds Inc. purchased a new position in shares of American Campus Communities, Inc. (NYSE:ACC) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 31,873 shares of the real estate investment trust’s stock, valued at approximately $1,308,000.

Other institutional investors have also bought and sold shares of the company. Cohen & Steers Inc. grew its holdings in American Campus Communities by 20.2% during 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 period. Green Street Investors LLC acquired a new stake in American Campus Communities during the fourth quarter worth approximately $1,723,000. Crossmark Global Holdings Inc. acquired a new stake in American Campus Communities during the third quarter worth approximately $647,000. Sarasin & Partners LLP lifted 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 worth $7,629,000 after acquiring an additional 43,418 shares during the last quarter. Finally, Stifel Financial Corp lifted 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 worth $352,000 after acquiring an additional 2,850 shares during the last quarter.

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In other news, Director John T. Rippel acquired 5,000 shares of the stock in a transaction on Friday, March 23rd. The stock was acquired at an average cost of $36.50 per share, for a total transaction of $182,500.00. Following the completion of the transaction, the director now directly owns 3,040 shares in the company, valued at $110,960. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 0.67% of the stock is currently owned by insiders.

ACC has been the subject of several research reports. KeyCorp restated an “overweight” rating and set a $47.00 price objective (down from $56.00) on shares of American Campus Communities in a research report 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 for the company in a research report on Friday, January 12th. Zacks Investment Research upgraded shares of American Campus Communities from a “sell” rating to a “hold” rating in a research report on Monday, February 26th. Hilliard Lyons upgraded shares of American Campus Communities from a “neutral” rating to a “buy” rating and set a $41.00 price objective for the company in a research report on Thursday, February 22nd. Finally, JPMorgan Chase downgraded shares of American Campus Communities from a “neutral” rating to an “underweight” rating and set a $45.00 price objective for the company. in a research report on Friday, December 15th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eleven have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $47.23.

Shares of NYSE ACC traded down $0.09 during midday trading on Friday, reaching $38.72. The company’s stock had a trading volume of 950,622 shares, compared to its average volume of 872,000. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.86. American Campus Communities, Inc. has a fifty-two week low of $34.52 and a fifty-two week high of $49.93. The company has a market cap of $5,289.18, a price-to-earnings ratio of 16.71, a PEG ratio of 11.72 and a beta of 0.19.

American Campus Communities (NYSE:ACC) last released its quarterly earnings results 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. American Campus Communities had a net margin of 8.67% and a return on equity of 1.96%. The company had revenue of $227.60 million during the quarter, compared to the consensus estimate of $200.28 million. During the same period in the previous year, the business earned $0.65 earnings per share. The firm’s quarterly revenue was up 11.6% on a year-over-year basis. equities research analysts forecast that American Campus Communities, Inc. will post 2.38 earnings per share for the current year.

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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.

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

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