Todays Report: Today, Macquarie Group Ltd. Boosts Position in American Campus Communities Inc. (ACC)

Today, Macquarie Group Ltd. Boosts Position in American Campus Communities Inc. (ACC)

Macquarie Group Ltd. boosted its stake in American Campus Communities Inc. (NYSE:ACC) by 42.3% during the second quarter, Holdings Channel reports. The fund owned 385,929 shares of the real estate investment trust’s stock after buying an additional 114,718 shares during the period. Macquarie Group Ltd.’s holdings in American Campus Communities were worth $20,404,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of ACC. Cohen & Steers Inc. raised its position in 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 during the last quarter. Daiwa Securities Group Inc. raised its position in 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 during the last quarter. Prudential Financial Inc. raised its position in 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 during the last quarter. Vanguard Group Inc. raised its position in 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 during the last quarter. Finally, Principal Financial Group Inc. raised its position in 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 during the last quarter.

American Campus Communities Inc. (NYSE:ACC) traded up 1.37% on Friday, hitting $46.48. The stock had a trading volume of 373,847 shares. American Campus Communities Inc. has a 12-month low of $37.75 and a 12-month high of $54.56. The company’s 50 day moving average is $48.62 and its 200 day moving average is $49.66. The firm has a market cap of $6.14 billion, a PE ratio of 57.81 and a beta of 0.26.

American Campus Communities (NYSE:ACC) last posted its quarterly earnings results on Monday, October 24th. The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.02. American Campus Communities had a return on equity of 3.11% and a net margin of 13.00%. The firm earned $196.40 million during the quarter, compared to the consensus estimate of $183.69 million. During the same quarter in the previous year, the business earned $0.43 earnings per share. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. On average, equities research analysts expect that American Campus Communities Inc. will post $2.27 EPS for the current fiscal year.

The company also recently declared a dividend, which will be paid on Monday, November 28th. Shareholders of record on Monday, November 14th will be given a dividend of $0.42 per share. The ex-dividend date is Wednesday, November 9th. American Campus Communities’s dividend payout ratio (DPR) is presently 204.88%.

Several equities analysts recently issued reports on ACC shares. Zacks Investment Research raised American Campus Communities from a “hold” rating to a “buy” rating and set a $57.00 target price on the stock in a research note on Friday, October 28th. Robert W. Baird raised American Campus Communities to an “outperform” rating in a research note on Wednesday, September 28th. FBR & Co reaffirmed a “buy” rating and issued a $56.00 price target on shares of American Campus Communities in a research report on Wednesday, October 26th. Canaccord Genuity reaffirmed a “buy” rating and issued a $59.00 price target on shares of American Campus Communities in a research report on Thursday, October 6th. Finally, Deutsche Bank AG increased their price target on American Campus Communities from $47.00 to $48.00 and gave the company a “hold” rating in a research report on Wednesday, August 10th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $50.00.

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