Todays Report: Today, American Campus Communities Inc. (ACC) Stake Maintained by Forward Management LLC

Today, American Campus Communities Inc. (ACC) Stake Maintained by Forward Management LLC

Forward Management LLC held its position in shares of American Campus Communities Inc. (NYSE:ACC) during the third quarter, Holdings Channel reports. The fund owned 12,000 shares of the real estate investment trust’s stock at the end of the third quarter. Forward Management LLC’s holdings in American Campus Communities were worth $610,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the stock. Cohen & Steers Inc. raised its position in shares of American Campus Communities by 175.6% in the second quarter. Cohen & Steers Inc. now owns 8,603,093 shares of the real estate investment trust’s stock valued at $454,846,000 after buying an additional 5,481,735 shares in the last quarter. Daiwa Securities Group Inc. raised its position in shares of American Campus Communities by 87,102.4% in the second quarter. Daiwa Securities Group Inc. now owns 4,070,608 shares of the real estate investment trust’s stock valued at $215,213,000 after buying an additional 4,065,940 shares in the last quarter. Prudential Financial Inc. raised its position in shares of American Campus Communities by 362.6% in the second quarter. Prudential Financial Inc. now owns 2,117,037 shares of the real estate investment trust’s stock valued at $111,928,000 after buying an additional 1,659,381 shares in the last quarter. Vanguard Group Inc. raised its position in shares of American Campus Communities by 4.4% in the second quarter. Vanguard Group Inc. now owns 19,663,893 shares of the real estate investment trust’s stock valued at $1,039,630,000 after buying an additional 825,902 shares in the last quarter. Finally, Principal Financial Group Inc. raised its position in shares of American Campus Communities by 46.8% in the second quarter. Principal Financial Group Inc. now owns 2,560,836 shares of the real estate investment trust’s stock valued at $135,392,000 after buying an additional 816,544 shares in the last quarter.

Shares of American Campus Communities Inc. (NYSE:ACC) traded up 1.37% during midday trading on Friday, reaching $46.48. 373,847 shares of the company’s stock were exchanged. The stock has a market capitalization of $6.14 billion, a P/E ratio of 57.81 and a beta of 0.26. American Campus Communities Inc. has a 12-month low of $37.75 and a 12-month high of $54.56. The firm has a 50-day moving average of $48.63 and a 200-day moving average of $49.67.

American Campus Communities (NYSE:ACC) last announced its quarterly earnings results on Monday, October 24th. The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.02. The business had revenue of $196.40 million for the quarter, compared to analyst estimates of $183.69 million. American Campus Communities had a net margin of 13.00% and a return on equity of 3.11%. The company’s revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.43 EPS. Analysts anticipate that American Campus Communities Inc. will post $2.27 EPS for the current fiscal year.

The business also recently announced a dividend, which will be paid on Monday, November 28th. Stockholders of record on Monday, November 14th will be paid a dividend of $0.42 per share. The ex-dividend date is Wednesday, November 9th. American Campus Communities’s payout ratio is 204.88%.

ACC has been the topic of several research reports. Zacks Investment Research upgraded shares of American Campus Communities from a “hold” rating to a “buy” rating and set a $57.00 price objective on the stock in a report on Friday, October 28th. Robert W. Baird upgraded shares of American Campus Communities to an “outperform” rating in a report on Wednesday, September 28th. FBR & Co reiterated a “buy” rating and set a $56.00 price objective on shares of American Campus Communities in a report on Wednesday, October 26th. Canaccord Genuity restated a “buy” rating and issued a $59.00 target price on shares of American Campus Communities in a report on Thursday, October 6th. Finally, Deutsche Bank AG upped their target price on shares of American Campus Communities from $47.00 to $48.00 and gave the stock a “hold” rating in a report on Wednesday, August 10th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $50.00.

In other news, insider William C. Bayless, Jr. sold 12,409 shares of American Campus Communities stock in a transaction dated Thursday, October 27th. The shares were sold at an average price of $50.11, for a total transaction of $621,814.99. Following the sale, the insider now owns 271,873 shares of the company’s stock, valued at approximately $13,623,556.03. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Jennifer Beese sold 856 shares of American Campus Communities stock in a transaction dated Friday, November 4th. The shares were sold at an average price of $48.45, for a total transaction of $41,473.20. Following the sale, the executive vice president now directly owns 31,475 shares in the company, valued at approximately $1,524,963.75. The disclosure for this sale can be found here. Insiders own 0.65% of the company’s stock.

About American Campus Communities

American Campus Communities, Inc is a self-managed and self-administered equity real estate investment trust. The Company’s segments include Wholly-Owned Properties, On-Campus Participating Properties, Development Services, and Property Management Services. It is engaged in the acquisition, design, financing, development, construction management, leasing and management of student housing properties.

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