Today The American Campus Communities Inc (ACC) Position Maintained by Bridgewater Wealth & Financial Management LLC

Today The American Campus Communities Inc (ACC) Position Maintained by Bridgewater Wealth & Financial Management LLC

Bridgewater Wealth & Financial Management LLC maintained its stake in shares of American Campus Communities Inc (NYSE:ACC) during the third quarter, Holdings Channel reports. The firm owned 5,738 shares of the real estate investment trust’s stock at the end of the third quarter. Bridgewater Wealth & Financial Management LLC’s holdings in American Campus Communities were worth $292,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of ACC. New York State Teachers Retirement System boosted its stake in shares of American Campus Communities by 0.4% in the second quarter. New York State Teachers Retirement System now owns 183,500 shares of the real estate investment trust’s stock worth $9,702,000 after buying an additional 800 shares during the period. Bank of Montreal Can acquired a new stake in shares of American Campus Communities during the second quarter worth approximately $2,337,000. Artemis Investment Management LLP boosted its stake in shares of American Campus Communities by 34.4% in the second quarter. Artemis Investment Management LLP now owns 41,782 shares of the real estate investment trust’s stock worth $2,208,000 after buying an additional 10,700 shares during the period. American Century Companies Inc. boosted its stake in shares of American Campus Communities by 9.1% in the second quarter. American Century Companies Inc. now owns 743,889 shares of the real estate investment trust’s stock worth $39,329,000 after buying an additional 62,164 shares during the period. Finally, Resolution Capital Ltd boosted its stake in shares of American Campus Communities by 61.6% in the second quarter. Resolution Capital Ltd now owns 704,029 shares of the real estate investment trust’s stock worth $37,222,000 after buying an additional 268,290 shares during the period.

Shares of American Campus Communities Inc (NYSE:ACC) traded down 1.24% on Wednesday, reaching $50.27. 134,477 shares of the company’s stock traded hands. The stock’s 50-day moving average price is $48.90 and its 200-day moving average price is $49.72. The stock has a market capitalization of $6.64 billion, a price-to-earnings ratio of 62.52 and a beta of 0.22. American Campus Communities Inc has a 52 week low of $39.93 and a 52 week high of $54.56.

A number of brokerages recently issued reports on ACC. Zacks Investment Research raised shares of American Campus Communities from a “hold” rating to a “buy” rating and set a $58.00 price objective for the company in a report on Tuesday, September 27th. Robert W. Baird raised shares of American Campus Communities to an “outperform” rating in a report on Wednesday, September 28th. Canaccord Genuity reissued a “buy” rating and issued a $59.00 price objective on shares of American Campus Communities in a report on Thursday, October 6th. Finally, FBR & Co reissued a “buy” rating and issued a $56.00 price objective on shares of American Campus Communities in a report on Wednesday, October 26th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. American Campus Communities presently has a consensus rating of “Hold” and a consensus target price of $51.63.

In other news, insider William C. Bayless, Jr. sold 12,409 shares of American Campus Communities stock in a transaction on 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 transaction, the insider now owns 271,873 shares of the company’s stock, valued at approximately $13,623,556.03. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Jennifer Beese sold 856 shares of American Campus Communities stock in a transaction on Friday, November 4th. The stock was sold at an average price of $48.45, for a total value of $41,473.20. Following the transaction, 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. 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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