BB&T Corp Has $936,000 Position in American Campus Communities Inc (ACC)

BB&T Corp trimmed its stake in shares of American Campus Communities Inc (NYSE:ACC) by 12.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,197 shares of the real estate investment trust’s stock after selling 3,087 shares during the period. BB&T Corp’s holdings in American Campus Communities were worth $936,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of ACC. Daiwa Securities Group Inc. grew its holdings in American Campus Communities by 47.3% during the second quarter. Daiwa Securities Group Inc. now owns 4,798,215 shares of the real estate investment trust’s stock worth $226,955,000 after acquiring an additional 1,541,548 shares during the period. Brookfield Asset Management Inc. grew its holdings in American Campus Communities by 51.0% during the second quarter. Brookfield Asset Management Inc. now owns 3,441,220 shares of the real estate investment trust’s stock worth $162,770,000 after acquiring an additional 1,162,350 shares during the period. Diamond Hill Capital Management Inc. acquired a new stake in American Campus Communities during the third quarter worth about $48,216,000. Presima Inc. grew its holdings in American Campus Communities by 79.7% during the second quarter. Presima Inc. now owns 1,059,700 shares of the real estate investment trust’s stock worth $50,124,000 after acquiring an additional 470,000 shares during the period. Finally, BlackRock Inc. grew its holdings in American Campus Communities by 2.7% during the second quarter. BlackRock Inc. now owns 15,807,560 shares of the real estate investment trust’s stock worth $747,699,000 after acquiring an additional 420,488 shares during the period.

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Shares of American Campus Communities Inc (NYSE:ACC) opened at 41.58 on Wednesday. American Campus Communities Inc has a one year low of $41.06 and a one year high of $51.70. The firm has a market capitalization of $5.67 billion, a price-to-earnings ratio of 85.91 and a beta of 0.26. The firm has a 50-day moving average price of $44.93 and a 200 day moving average price of $46.83.

Several analysts recently commented on the company. Robert W. Baird dropped their target price on American Campus Communities from $51.00 to $47.00 and set an “outperform” rating on the stock in a report on Tuesday. FBR & Co reaffirmed a “buy” rating and set a $56.00 target price on shares of American Campus Communities in a report on Tuesday, October 24th. Bank of America Corporation lowered American Campus Communities from a “buy” rating to a “neutral” rating and set a $45.00 target price on the stock. in a report on Thursday, October 26th. Zacks Investment Research raised American Campus Communities from a “sell” rating to a “hold” rating in a report on Monday, October 23rd. Finally, Citigroup Inc. reissued a “neutral” rating on shares of American Campus Communities in a report on Friday, October 27th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $51.75.

About American Campus Communities

American Campus Communities, Inc is a self-managed and self-administered equity real estate investment trust (REIT). 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.

Institutional Ownership by Quarter for American Campus Communities (NYSE:ACC)

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