American Campus Communities, Inc. (NYSE:ACC) Shares Sold by Federated Investors Inc. PA

Federated Investors Inc. PA lowered its position in American Campus Communities, Inc. (NYSE:ACC) by 0.4% during the first quarter, HoldingsChannel reports. The firm owned 222,713 shares of the real estate investment trust’s stock after selling 845 shares during the quarter. Federated Investors Inc. PA’s holdings in American Campus Communities were worth $10,596,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. TIAA CREF Investment Management LLC grew its position in shares of American Campus Communities by 9.6% during the 3rd quarter. TIAA CREF Investment Management LLC now owns 527,749 shares of the real estate investment trust’s stock valued at $21,722,000 after acquiring an additional 46,033 shares during the period. Vanguard Group Inc raised its position in shares of American Campus Communities by 0.8% during the 3rd quarter. Vanguard Group Inc now owns 19,782,490 shares of the real estate investment trust’s stock valued at $814,247,000 after buying an additional 158,479 shares in the last quarter. Bank of Montreal Can raised its position in shares of American Campus Communities by 64.0% during the 4th quarter. Bank of Montreal Can now owns 12,712 shares of the real estate investment trust’s stock valued at $526,000 after buying an additional 4,963 shares in the last quarter. Crossmark Global Holdings Inc. grew its holdings in shares of American Campus Communities by 19.0% during the 4th quarter. Crossmark Global Holdings Inc. now owns 17,062 shares of the real estate investment trust’s stock valued at $706,000 after purchasing an additional 2,730 shares during the last quarter. Finally, Rhumbline Advisers grew its holdings in shares of American Campus Communities by 52.2% during the 4th quarter. Rhumbline Advisers now owns 381,697 shares of the real estate investment trust’s stock valued at $15,798,000 after purchasing an additional 130,970 shares during the last quarter. Hedge funds and other institutional investors own 97.09% of the company’s stock.

ACC has been the subject of a number of recent research reports. Zacks Investment Research cut shares of American Campus Communities from a “hold” rating to a “sell” rating in a research report on Wednesday, April 10th. JMP Securities downgraded shares of American Campus Communities from an “outperform” rating to a “market perform” rating in a report on Wednesday, May 29th. KeyCorp upped their price target on shares of American Campus Communities from $47.00 to $50.00 and gave the company an “overweight” rating in a research note on Tuesday, March 19th. Finally, TheStreet upgraded shares of American Campus Communities from a “c” rating to a “b-” rating in a report on Wednesday, February 20th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $46.90.

American Campus Communities stock opened at $46.95 on Wednesday. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.89. The firm has a market capitalization of $6.44 billion, a price-to-earnings ratio of 20.32 and a beta of 0.42. American Campus Communities, Inc. has a fifty-two week low of $38.40 and a fifty-two week high of $48.49.

American Campus Communities (NYSE:ACC) last announced its earnings results on Monday, April 22nd. The real estate investment trust reported $0.69 EPS for the quarter, beating the consensus estimate of $0.65 by $0.04. American Campus Communities had a return on equity of 3.21% and a net margin of 13.39%. The business had revenue of $242.10 million for the quarter, compared to the consensus estimate of $226.72 million. During the same period last year, the business posted $0.65 EPS. The company’s revenue was up 9.8% on a year-over-year basis. Equities analysts predict that American Campus Communities, Inc. will post 2.41 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, May 24th. Shareholders of record on Monday, May 13th were paid a dividend of $0.47 per share. The ex-dividend date of this dividend was Friday, May 10th. This represents a $1.88 annualized dividend and a yield of 4.00%. This is an increase from American Campus Communities’s previous quarterly dividend of $0.46. American Campus Communities’s payout ratio is presently 81.39%.

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About American Campus Communities

American Campus Communities, Inc is the largest owner, manager and developer of high-quality student housing communities in the United States. The company is a fully integrated, self-managed and self-administered equity real estate investment trust (REIT) with expertise in the design, finance, development, construction management and operational management of student housing properties.

Further Reading: Overbought

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

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