American Campus Communities, Inc. (NYSE:ACC) Shares Sold by BlackRock Inc.

BlackRock Inc. lowered its holdings in shares of American Campus Communities, Inc. (NYSE:ACC) by 1.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,583,545 shares of the real estate investment trust’s stock after selling 300,401 shares during the period. BlackRock Inc. owned about 12.07% of American Campus Communities worth $765,498,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Price T Rowe Associates Inc. MD raised its position in American Campus Communities by 7.3% during the second quarter. Price T Rowe Associates Inc. MD now owns 7,426,127 shares of the real estate investment trust’s stock worth $342,790,000 after acquiring an additional 508,366 shares during the last quarter. Nuveen Asset Management LLC raised its position in American Campus Communities by 98.6% during the second quarter. Nuveen Asset Management LLC now owns 2,272,646 shares of the real estate investment trust’s stock worth $104,904,000 after acquiring an additional 1,128,050 shares during the last quarter. Diamond Hill Capital Management Inc. raised its position in American Campus Communities by 0.7% during the second quarter. Diamond Hill Capital Management Inc. now owns 1,968,973 shares of the real estate investment trust’s stock worth $90,888,000 after acquiring an additional 14,430 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in American Campus Communities by 2.1% during the second quarter. Charles Schwab Investment Management Inc. now owns 1,947,604 shares of the real estate investment trust’s stock worth $89,902,000 after acquiring an additional 39,743 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in American Campus Communities by 4.1% during the second quarter. Bank of New York Mellon Corp now owns 1,788,314 shares of the real estate investment trust’s stock worth $82,548,000 after acquiring an additional 70,166 shares during the last quarter. Institutional investors own 95.57% of the company’s stock.

In related news, Director Oliver Luck sold 12,216 shares of the company’s stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of $48.05, for a total transaction of $586,978.80. Following the completion of the transaction, the director now owns 4,647 shares of the company’s stock, valued at $223,288.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Cardenas Jorge De sold 9,788 shares of the company’s stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $50.06, for a total transaction of $489,987.28. Following the transaction, the executive vice president now directly owns 31,978 shares of the company’s stock, valued at approximately $1,600,818.68. The disclosure for this sale can be found here. Corporate insiders own 0.75% of the company’s stock.

NYSE:ACC opened at $47.11 on Friday. The firm has a 50 day simple moving average of $48.73 and a 200-day simple moving average of $47.42. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.31 and a quick ratio of 1.46. The firm has a market cap of $6.68 billion, a PE ratio of 20.39 and a beta of 0.36. American Campus Communities, Inc. has a 1-year low of $39.37 and a 1-year high of $50.94.

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American Campus Communities (NYSE:ACC) last posted its quarterly earnings data on Monday, October 21st. The real estate investment trust reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.32). American Campus Communities had a net margin of 11.55% and a return on equity of 2.73%. The firm had revenue of $211.08 million during the quarter, compared to analyst estimates of $213.30 million. During the same period in the prior year, the firm earned $0.44 EPS. The business’s quarterly revenue was up 4.1% on a year-over-year basis. As a group, sell-side analysts expect that American Campus Communities, Inc. will post 2.43 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Monday, November 11th will be given a dividend of $0.47 per share. This is a positive change from American Campus Communities’s previous quarterly dividend of $0.42. The ex-dividend date is Thursday, November 7th. This represents a $1.88 annualized dividend and a yield of 3.99%. American Campus Communities’s dividend payout ratio is 81.39%.

A number of equities analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of American Campus Communities from a “buy” rating to a “hold” rating in a research report on Tuesday, October 8th. TheStreet lowered shares of American Campus Communities from a “b-” rating to a “c” rating in a research report on Monday, July 22nd. Goldman Sachs Group assumed coverage on shares of American Campus Communities in a research report on Friday. They issued a “neutral” rating and a $53.00 price objective for the company. ValuEngine lowered shares of American Campus Communities from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Finally, Argus raised shares of American Campus Communities from a “hold” rating to a “buy” rating and set a $53.00 price objective for the company in a research report on Wednesday, July 31st. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. American Campus Communities currently has an average rating of “Hold” and an average target price of $51.00.

American Campus Communities Profile

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.

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

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