American Campus Communities, Inc. (NYSE:ACC) Shares Sold by Pensionfund DSM Netherlands


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Pensionfund DSM Netherlands trimmed its holdings in American Campus Communities, Inc. (NYSE:ACC) by 42.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 38,000 shares of the real estate investment trust’s stock after selling 28,000 shares during the quarter. Pensionfund DSM Netherlands’ holdings in American Campus Communities were worth $1,640,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. BlackRock Inc. grew its stake in shares of American Campus Communities by 2.3% during the 4th quarter. BlackRock Inc. now owns 16,191,417 shares of the real estate investment trust’s stock worth $692,505,000 after purchasing an additional 356,895 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of American Campus Communities by 6.5% during the fourth quarter. JPMorgan Chase & Co. now owns 4,507,026 shares of the real estate investment trust’s stock worth $192,765,000 after buying an additional 274,639 shares in the last quarter. PGGM Investments purchased a new stake in shares of American Campus Communities during the fourth quarter worth about $163,849,000. Dimensional Fund Advisors LP grew its holdings in shares of American Campus Communities by 0.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,343,366 shares of the real estate investment trust’s stock worth $100,223,000 after buying an additional 13,713 shares in the last quarter. Finally, Jennison Associates LLC grew its holdings in American Campus Communities by 4.4% in the fourth quarter. Jennison Associates LLC now owns 1,486,936 shares of the real estate investment trust’s stock valued at $63,596,000 after purchasing an additional 62,249 shares during the period. 96.69% of the stock is currently owned by institutional investors.

A number of research analysts have weighed in on the stock. Smith Barney Citigroup lifted their price target on shares of American Campus Communities from $38.00 to $43.00 in a research report on Tuesday, December 15th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of American Campus Communities from $49.00 to $46.00 and set a “buy” rating for the company in a research report on Wednesday, March 24th. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell raised their target price on shares of American Campus Communities from $38.00 to $43.00 in a research note on Tuesday, December 15th. JPMorgan Chase & Co. cut shares of American Campus Communities from a “neutral” rating to an “underweight” rating and set a $40.00 price objective on the stock. in a research note on Monday, December 21st. Finally, Zacks Investment Research upgraded shares of American Campus Communities from a “strong sell” rating to a “hold” rating in a report on Thursday, March 4th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $42.57.

ACC opened at $44.20 on Thursday. The stock’s 50 day simple moving average is $42.84 and its 200-day simple moving average is $40.92. American Campus Communities, Inc. has a 1 year low of $25.43 and a 1 year high of $46.06. The stock has a market cap of $6.08 billion, a PE ratio of 86.67, a P/E/G ratio of 0.63 and a beta of 0.91. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 1.12.

American Campus Communities (NYSE:ACC) last announced its earnings results on Sunday, February 21st. The real estate investment trust reported $0.18 EPS for the quarter, missing the consensus estimate of $0.55 by ($0.37). American Campus Communities had a return on equity of 2.50% and a net margin of 8.14%. The business had revenue of $232.96 million for the quarter, compared to the consensus estimate of $215.58 million. During the same quarter in the previous year, the company posted $0.72 EPS. American Campus Communities’s revenue for the quarter was down 8.9% on a year-over-year basis. Equities analysts forecast that American Campus Communities, Inc. will post 1.93 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, February 19th. Shareholders of record on Thursday, January 28th were paid a $0.47 dividend. This is a positive change from American Campus Communities’s previous quarterly dividend of $0.42. The ex-dividend date was Wednesday, January 27th. This represents a $1.88 annualized dividend and a yield of 4.25%. American Campus Communities’s dividend payout ratio is presently 77.69%.

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: How is diluted EPS different from basic EPS?

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

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