Wolverine Asset Management LLC purchased a new position in shares of American Campus Communities, Inc. (NYSE:ACC) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 8,203 shares of the real estate investment trust’s stock, valued at approximately $336,000.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cohen & Steers Inc. lifted its stake in shares of American Campus Communities by 20.2% during the 3rd quarter. Cohen & Steers Inc. now owns 16,080,372 shares of the real estate investment trust’s stock valued at $709,948,000 after buying an additional 2,704,851 shares in the last quarter. Green Street Investors LLC bought a new stake in American Campus Communities in the 4th quarter valued at $1,723,000. Crossmark Global Holdings Inc. bought a new stake in American Campus Communities in the 3rd quarter valued at $647,000. Sarasin & Partners LLP increased its holdings in shares of American Campus Communities by 33.6% in the 3rd quarter. Sarasin & Partners LLP now owns 172,791 shares of the real estate investment trust’s stock worth $7,629,000 after buying an additional 43,418 shares during the last quarter. Finally, Stifel Financial Corp increased its holdings in shares of American Campus Communities by 55.4% in the 3rd quarter. Stifel Financial Corp now owns 7,996 shares of the real estate investment trust’s stock worth $352,000 after buying an additional 2,850 shares during the last quarter.
Shares of NYSE ACC traded down $0.09 during trading hours on Friday, hitting $38.72. 950,622 shares of the stock were exchanged, compared to its average volume of 770,585. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.86. The firm has a market cap of $5,297.37, a PE ratio of 16.76, a price-to-earnings-growth ratio of 11.74 and a beta of 0.19. American Campus Communities, Inc. has a 12 month low of $34.52 and a 12 month high of $49.93.
American Campus Communities (NYSE:ACC) last issued its quarterly earnings results on Tuesday, February 20th. The real estate investment trust reported $0.72 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate 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 business had revenue of $227.60 million for the quarter, compared to analyst estimates of $200.28 million. During the same quarter in the prior year, the business posted $0.65 EPS. American Campus Communities’s revenue for the quarter was up 11.6% compared to the same quarter last year. equities research analysts anticipate that American Campus Communities, Inc. will post 2.38 earnings per share for the current fiscal year.
In related news, Director John T. Rippel purchased 5,000 shares of the business’s stock in a transaction on Friday, March 23rd. The shares were acquired at an average price of $36.50 per share, for a total transaction of $182,500.00. Following the purchase, the director now owns 3,040 shares of the company’s stock, valued at approximately $110,960. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.67% of the company’s stock.
A number of research firms have recently weighed in on ACC. Deutsche Bank boosted their target price on shares of American Campus Communities from $42.00 to $43.00 and gave the stock a “hold” rating in a report on Wednesday, March 28th. Zacks Investment Research upgraded shares of American Campus Communities from a “sell” rating to a “hold” rating in a report on Wednesday, March 21st. JPMorgan Chase reiterated an “underweight” rating and set a $41.00 price target (down from $45.00) on shares of American Campus Communities in a report on Friday, March 16th. Citigroup cut their price target on shares of American Campus Communities from $45.00 to $41.00 and set a “neutral” rating on the stock in a report on Tuesday, March 13th. Finally, Sandler O’Neill reissued a “buy” rating and issued a $43.00 price objective on shares of American Campus Communities in a research report on Monday, February 26th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have assigned a buy rating to the stock. American Campus Communities presently has an average rating of “Buy” and an average target price of $47.23.
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American Campus Communities 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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