Teachers Insurance & Annuity Association of America Trims Position in American Campus Communities, Inc. (NYSE:ACC)

Teachers Insurance & Annuity Association of America decreased its position in American Campus Communities, Inc. (NYSE:ACC) by 60.9% during the second quarter, Holdings Channel reports. The fund owned 49,511 shares of the real estate investment trust’s stock after selling 77,218 shares during the period. Teachers Insurance & Annuity Association of America’s holdings in American Campus Communities were worth $2,285,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Envestnet Asset Management Inc. lifted its stake in shares of American Campus Communities by 2.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 119,934 shares of the real estate investment trust’s stock worth $5,536,000 after purchasing an additional 3,059 shares during the period. Swiss National Bank grew its position in shares of American Campus Communities by 3.1% during the 1st quarter. Swiss National Bank now owns 249,752 shares of the real estate investment trust’s stock valued at $11,883,000 after acquiring an additional 7,500 shares during the period. Martingale Asset Management L P purchased a new stake in shares of American Campus Communities in the 1st quarter worth $1,685,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its stake in shares of American Campus Communities by 9.7% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 27,445 shares of the real estate investment trust’s stock worth $1,267,000 after buying an additional 2,422 shares during the period. Finally, Fort Washington Investment Advisors Inc. OH lifted its position in shares of American Campus Communities by 17.6% during the 2nd quarter. Fort Washington Investment Advisors Inc. OH now owns 18,000 shares of the real estate investment trust’s stock valued at $831,000 after buying an additional 2,700 shares in the last quarter. 95.28% of the stock is currently owned by institutional investors.

Several brokerages have recently commented on ACC. Zacks Investment Research downgraded shares of American Campus Communities from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. TheStreet cut shares of American Campus Communities from a “b-” rating to a “c” rating in a research report on Monday, July 22nd. Capital One Financial upgraded shares of American Campus Communities from an “equal weight” rating to an “overweight” rating in a report on Monday, July 8th. JMP Securities cut shares of American Campus Communities from an “outperform” rating to a “market perform” rating in a research note on Wednesday, May 29th. 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 report on Wednesday, July 31st. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $50.17.

Shares of NYSE:ACC traded up $0.40 during trading on Wednesday, reaching $46.87. The company’s stock had a trading volume of 39,689 shares, compared to its average volume of 594,683. American Campus Communities, Inc. has a 12 month low of $38.40 and a 12 month high of $49.33. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 0.94. The firm’s 50 day simple moving average is $46.80 and its two-hundred day simple moving average is $46.91. The stock has a market capitalization of $6.36 billion, a PE ratio of 20.23 and a beta of 0.39.

American Campus Communities (NYSE:ACC) last released its quarterly earnings results on Monday, July 22nd. The real estate investment trust reported $0.56 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.54 by $0.02. American Campus Communities had a return on equity of 2.05% and a net margin of 9.27%. The company had revenue of $203.20 million for the quarter, compared to analyst estimates of $206.82 million. During the same quarter in the prior year, the firm posted $0.52 EPS. American Campus Communities’s quarterly revenue was up 7.2% compared to the same quarter last year. Research analysts anticipate that American Campus Communities, Inc. will post 2.42 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Monday, August 12th were paid a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 4.01%. The ex-dividend date of this dividend was Friday, August 9th. American Campus Communities’s dividend payout ratio is currently 81.39%.

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.

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

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