State Board of Administration of Florida Retirement System Sells 3,739 Shares of American Campus Communities (ACC)

State Board of Administration of Florida Retirement System reduced its position in American Campus Communities (NYSE:ACC) by 1.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 210,393 shares of the real estate investment trust’s stock after selling 3,739 shares during the quarter. State Board of Administration of Florida Retirement System owned approximately 0.15% of American Campus Communities worth $8,125,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Ladenburg Thalmann Financial Services Inc. grew its position in shares of American Campus Communities by 36.1% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 5,475 shares of the real estate investment trust’s stock valued at $224,000 after purchasing an additional 1,453 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of American Campus Communities by 6.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 29,501 shares of the real estate investment trust’s stock valued at $1,210,000 after purchasing an additional 1,863 shares in the last quarter. Comerica Bank grew its position in shares of American Campus Communities by 1.7% in the first quarter. Comerica Bank now owns 116,330 shares of the real estate investment trust’s stock valued at $4,503,000 after purchasing an additional 1,957 shares in the last quarter. Amalgamated Bank grew its position in shares of American Campus Communities by 7.7% in the fourth quarter. Amalgamated Bank now owns 27,516 shares of the real estate investment trust’s stock valued at $1,129,000 after purchasing an additional 1,968 shares in the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its position in shares of American Campus Communities by 11.8% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 22,017 shares of the real estate investment trust’s stock valued at $850,000 after purchasing an additional 2,324 shares in the last quarter. 97.76% of the stock is owned by institutional investors and hedge funds.

American Campus Communities stock opened at $37.21 on Tuesday. American Campus Communities has a 52 week low of $34.52 and a 52 week high of $49.26. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.77 and a quick ratio of 1.77. The stock has a market cap of $5.04 billion, a P/E ratio of 16.02, a price-to-earnings-growth ratio of 11.20 and a beta of 0.19.

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, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.01. American Campus Communities had a return on equity of 1.73% and a net margin of 7.39%. The firm had revenue of $227.60 million during the quarter, compared to analyst estimates of $200.28 million. During the same quarter in the previous year, the company posted $0.65 earnings per share. The company’s revenue was up 11.6% compared to the same quarter last year. equities research analysts predict that American Campus Communities will post 2.37 earnings per share for the current fiscal year.

In other news, Director John T. Rippel purchased 5,000 shares of the company’s stock in a transaction on Friday, March 23rd. The stock was purchased at an average price of $36.50 per share, with a total value of $182,500.00. Following the completion of the purchase, the director now directly owns 3,040 shares in the company, valued at approximately $110,960. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.64% of the company’s stock.

Several equities analysts have recently weighed in on ACC shares. Zacks Investment Research upgraded American Campus Communities from a “sell” rating to a “hold” rating in a research report on Monday, February 26th. Hilliard Lyons upgraded American Campus Communities from a “neutral” rating to a “buy” rating and set a $41.00 price target for the company in a research report on Thursday, February 22nd. Sandler O’Neill reiterated a “buy” rating and issued a $43.00 price target on shares of American Campus Communities in a research report on Monday, February 26th. ValuEngine cut American Campus Communities from a “hold” rating to a “sell” rating in a research report on Monday, May 14th. Finally, JPMorgan Chase restated an “underweight” rating and set a $41.00 target price (down from $45.00) on shares of American Campus Communities in a research report on Friday, March 16th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating and eleven have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $47.23.

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.

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

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