AdvisorNet Financial Inc trimmed its holdings in shares of American Campus Communities, Inc. (NYSE:ACC) by 5.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 4,315 shares of the real estate investment trust’s stock after selling 240 shares during the period. AdvisorNet Financial Inc’s holdings in American Campus Communities were worth $199,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of the business. Principal Financial Group Inc. raised its holdings in shares of American Campus Communities by 1.0% in the fourth quarter. Principal Financial Group Inc. now owns 604,618 shares of the real estate investment trust’s stock valued at $25,025,000 after buying an additional 6,012 shares during the last quarter. Thrivent Financial for Lutherans raised its holdings in American Campus Communities by 25.7% during the 4th quarter. Thrivent Financial for Lutherans now owns 128,684 shares of the real estate investment trust’s stock worth $5,326,000 after purchasing an additional 26,336 shares during the last quarter. Macquarie Group Ltd. raised its holdings in American Campus Communities by 0.6% during the 4th quarter. Macquarie Group Ltd. now owns 51,600 shares of the real estate investment trust’s stock worth $2,136,000 after purchasing an additional 300 shares during the last quarter. Millennium Management LLC raised its holdings in American Campus Communities by 466.7% during the 4th quarter. Millennium Management LLC now owns 378,863 shares of the real estate investment trust’s stock worth $15,681,000 after purchasing an additional 312,008 shares during the last quarter. Finally, HRT Financial LLC bought a new stake in American Campus Communities during the 4th quarter worth about $279,000. Institutional investors and hedge funds own 97.07% of the company’s stock.
Several brokerages have weighed in on ACC. TheStreet raised Whirlpool from a “c+” rating to a “b-” rating in a report on Monday. JMP Securities reissued an “outperform” rating and set a $225.00 price objective (up from $220.00) on shares of Workday in a report on Wednesday, May 29th. ValuEngine raised Vistra Energy from a “hold” rating to a “buy” rating in a report on Wednesday, July 3rd. Zacks Investment Research raised Flagstar Bancorp from a “hold” rating to a “buy” rating and set a $38.00 price objective for the company in a report on Monday, July 8th. Finally, Robert W. Baird dropped their price objective on Bed Bath & Beyond from $18.00 to $13.00 and set a “neutral” rating for the company in a report on Thursday, July 11th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $48.83.
Shares of American Campus Communities stock traded down $0.27 during trading on Thursday, hitting $46.69. 10,385 shares of the company were exchanged, compared to its average volume of 614,442. The company has a market capitalization of $6.45 billion, a price-to-earnings ratio of 20.16 and a beta of 0.39. American Campus Communities, Inc. has a 1-year low of $38.40 and a 1-year high of $49.33. The stock has a fifty day moving average price of $47.39. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.46 and a quick ratio of 1.61.
American Campus Communities (NYSE:ACC) last posted its earnings results on Monday, July 22nd. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.02. The company had revenue of $203.20 million during the quarter, compared to analyst estimates of $206.82 million. American Campus Communities had a return on equity of 2.05% and a net margin of 9.27%. The company’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.52 EPS. Sell-side analysts predict that American Campus Communities, Inc. will post 2.42 EPS for the current year.
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.
Further Reading: Rule of 72
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