Todays Report: Today, 1,500 Shares of American Campus Communities Inc. (ACC) are sold by State of Wisconsin Investment Board

Today, 1,500 Shares of American Campus Communities Inc. (ACC) are sold by State of Wisconsin Investment Board

State of Wisconsin Investment Board reduced its stake in American Campus Communities Inc. (NYSE:ACC) by 1.8% during the third quarter, Holdings Channel reports. The fund owned 83,670 shares of the real estate investment trust’s stock after selling 1,500 shares during the period. State of Wisconsin Investment Board owned 0.06% of American Campus Communities worth $4,256,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake 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. Cohen & Steers Inc. increased its stake 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. BlackRock Fund Advisors increased its stake in shares of American Campus Communities by 4.3% in the second quarter. BlackRock Fund Advisors now owns 6,642,601 shares of the real estate investment trust’s stock valued at $351,194,000 after buying an additional 276,606 shares in the last quarter. State Street Corp increased its stake in shares of American Campus Communities by 2.0% in the second quarter. State Street Corp now owns 5,620,951 shares of the real estate investment trust’s stock valued at $297,180,000 after buying an additional 112,274 shares in the last quarter. Finally, BlackRock Institutional Trust Company N.A. increased its stake in shares of American Campus Communities by 2.5% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 5,554,093 shares of the real estate investment trust’s stock valued at $293,645,000 after buying an additional 135,891 shares in the last quarter.

Shares of American Campus Communities Inc. (NYSE:ACC) traded up 1.37% during trading on Friday, reaching $46.48. The company had a trading volume of 373,847 shares. American Campus Communities Inc. has a 1-year low of $37.75 and a 1-year high of $54.56. The stock has a market capitalization of $6.14 billion, a price-to-earnings ratio of 57.81 and a beta of 0.26. The company’s 50 day moving average is $48.62 and its 200-day moving average is $49.66.

American Campus Communities (NYSE:ACC) last issued 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 the consensus estimate of $183.69 million. American Campus Communities had a return on equity of 3.11% and a net margin of 13.00%. The business’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.43 earnings per share. On average, equities research analysts anticipate that American Campus Communities Inc. will post $2.27 earnings per share for the current year.

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

Several brokerages have commented on ACC. Zacks Investment Research downgraded American Campus Communities from a “buy” rating to a “hold” rating in a research note on Thursday, November 17th. Canaccord Genuity set a $59.00 target price on American Campus Communities and gave the company a “buy” rating in a research note on Monday, October 24th. Deutsche Bank AG increased their target price on American Campus Communities from $47.00 to $48.00 and gave the company a “hold” rating in a research note on Wednesday, August 10th. FBR & Co reiterated a “buy” rating and set a $56.00 target price on shares of American Campus Communities in a research note on Wednesday, October 26th. Finally, Robert W. Baird upgraded American Campus Communities to an “outperform” rating in a research note on Wednesday, September 28th. Two investment analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $50.00.

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

American Campus Communities Company Profile

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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