Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of American Campus Communities Inc (NYSE:ACC) by 28.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,638 shares of the real estate investment trust’s stock after buying an additional 6,131 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in American Campus Communities were worth $1,220,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Raymond James Trust N.A. boosted its position in American Campus Communities by 6.6% during the 2nd quarter. Raymond James Trust N.A. now owns 4,567 shares of the real estate investment trust’s stock worth $216,000 after acquiring an additional 283 shares during the period. CIBC Asset Management Inc acquired a new position in American Campus Communities during the 3rd quarter worth $202,000. Garner Asset Management Corp acquired a new position in American Campus Communities during the 2nd quarter worth $247,000. Cipher Capital LP acquired a new position in American Campus Communities during the 3rd quarter worth $244,000. Finally, Bridgewater Wealth & Financial Management LLC boosted its position in American Campus Communities by 1.3% during the 2nd quarter. Bridgewater Wealth & Financial Management LLC now owns 5,813 shares of the real estate investment trust’s stock worth $275,000 after acquiring an additional 75 shares during the period.
Shares of American Campus Communities Inc (NYSE ACC) opened at $42.80 on Monday. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.79. The firm has a market capitalization of $5,839.05, a price-to-earnings ratio of 19.19, a PEG ratio of 14.16 and a beta of 0.27. American Campus Communities Inc has a twelve month low of $41.06 and a twelve month high of $51.70.
ACC has been the subject of a number of analyst reports. Zacks Investment Research upgraded American Campus Communities from a “sell” rating to a “hold” rating in a research report on Monday, October 16th. FBR & Co reiterated a “buy” rating and set a $56.00 price target on shares of American Campus Communities in a research report on Tuesday, October 24th. B. Riley set a $56.00 price target on American Campus Communities and gave the stock a “buy” rating in a research report on Tuesday, November 14th. Cantor Fitzgerald reiterated an “overweight” rating on shares of American Campus Communities in a research report on Thursday, August 10th. Finally, Bank of America lowered American Campus Communities from a “buy” rating to a “neutral” rating and set a $45.00 price objective for the company. in a report on Thursday, October 26th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $52.22.
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American Campus Communities Company Profile
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.
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