BTIM Corp. raised its position in shares of American Campus Communities, Inc. (NYSE:ACC) by 4.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 398,085 shares of the real estate investment trust’s stock after purchasing an additional 16,214 shares during the quarter. BTIM Corp. owned 0.29% of American Campus Communities worth $18,941,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Pinnacle Bank acquired a new stake in American Campus Communities during the 4th quarter valued at $31,000. We Are One Seven LLC acquired a new position in shares of American Campus Communities in the fourth quarter worth $32,000. Cutler Group LP increased its stake in shares of American Campus Communities by 476.2% in the fourth quarter. Cutler Group LP now owns 790 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 1,000 shares during the last quarter. JOYN Advisors Inc. increased its stake in shares of American Campus Communities by 143.9% in the fourth quarter. JOYN Advisors Inc. now owns 912 shares of the real estate investment trust’s stock worth $38,000 after acquiring an additional 538 shares during the last quarter. Finally, Ipswich Investment Management Co. Inc. acquired a new position in shares of American Campus Communities in the fourth quarter worth $41,000. 98.36% of the stock is currently owned by institutional investors.
American Campus Communities stock opened at $46.93 on Wednesday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.30 and a current ratio of 1.30. The firm has a market cap of $6.64 billion, a price-to-earnings ratio of 20.32 and a beta of 0.45. American Campus Communities, Inc. has a one year low of $36.64 and a one year high of $48.49.
American Campus Communities (NYSE:ACC) last posted its earnings results on Tuesday, February 19th. The real estate investment trust reported $0.72 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.73 by ($0.01). The business had revenue of $245.87 million for the quarter, compared to analyst estimates of $226.83 million. American Campus Communities had a return on equity of 3.11% and a net margin of 13.29%. The company’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same period in the previous year, the company earned $0.72 earnings per share. On average, sell-side analysts predict that American Campus Communities, Inc. will post 2.42 EPS for the current fiscal year.
A number of equities analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of American Campus Communities from a “hold” rating to a “sell” rating in a research note on Wednesday, April 10th. KeyCorp upped their price target on shares of American Campus Communities from $47.00 to $50.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 19th. Finally, TheStreet raised shares of American Campus Communities from a “c” rating to a “b-” rating in a research report on Wednesday, February 20th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $46.90.
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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