Quantbot Technologies LP Has $1.80 Million Holdings in American Campus Communities, Inc. (ACC)

Quantbot Technologies LP reduced its stake in American Campus Communities, Inc. (NYSE:ACC) by 8.6% during the third quarter, HoldingsChannel.com reports. The firm owned 43,746 shares of the real estate investment trust’s stock after selling 4,134 shares during the period. Quantbot Technologies LP’s holdings in American Campus Communities were worth $1,800,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Janney Montgomery Scott LLC increased its stake in shares of American Campus Communities by 32.5% during the second quarter. Janney Montgomery Scott LLC now owns 12,127 shares of the real estate investment trust’s stock valued at $520,000 after buying an additional 2,975 shares during the period. BNP Paribas Arbitrage SA increased its stake in shares of American Campus Communities by 34.4% during the second quarter. BNP Paribas Arbitrage SA now owns 46,303 shares of the real estate investment trust’s stock valued at $1,985,000 after buying an additional 11,850 shares during the period. Dupont Capital Management Corp purchased a new position in shares of American Campus Communities during the second quarter valued at approximately $1,078,000. TD Asset Management Inc. increased its stake in shares of American Campus Communities by 24.0% during the second quarter. TD Asset Management Inc. now owns 43,400 shares of the real estate investment trust’s stock valued at $1,861,000 after buying an additional 8,400 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of American Campus Communities by 6.8% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 138,807 shares of the real estate investment trust’s stock valued at $5,952,000 after buying an additional 8,880 shares during the period.

NYSE ACC opened at $43.83 on Friday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.57 and a current ratio of 1.57. American Campus Communities, Inc. has a twelve month low of $34.52 and a twelve month high of $44.10. The company has a market cap of $5.96 billion, a P/E ratio of 18.97 and a beta of 0.20.

American Campus Communities (NYSE:ACC) last released its quarterly earnings results on Monday, October 22nd. The real estate investment trust reported ($0.02) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.43 by ($0.45). American Campus Communities had a net margin of 12.60% and a return on equity of 3.25%. The firm had revenue of $213.50 million for the quarter, compared to the consensus estimate of $201.92 million. During the same quarter in the prior year, the firm earned $0.43 earnings per share. The company’s revenue for the quarter was up 8.4% compared to the same quarter last year. Research analysts predict that American Campus Communities, Inc. will post 2.31 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, November 26th. Investors of record on Monday, November 12th were given a dividend of $0.46 per share. The ex-dividend date of this dividend was Thursday, November 8th. This represents a $1.84 annualized dividend and a dividend yield of 4.20%. American Campus Communities’s dividend payout ratio is presently 79.65%.

In related news, EVP Cardenas Jorge De sold 11,262 shares of American Campus Communities stock in a transaction that occurred on Tuesday, November 27th. The stock was sold at an average price of $43.07, for a total transaction of $485,054.34. Following the sale, the executive vice president now directly owns 32,466 shares in the company, valued at $1,398,310.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.67% of the company’s stock.

Several equities analysts have recently issued reports on ACC shares. Deutsche Bank boosted their target price on American Campus Communities from $42.00 to $45.00 and gave the company a “hold” rating in a research note on Wednesday, September 5th. TheStreet cut American Campus Communities from a “b-” rating to a “c” rating in a research note on Monday, October 22nd. Zacks Investment Research raised American Campus Communities from a “sell” rating to a “hold” rating in a research note on Thursday, October 4th. Capital One Financial reissued an “equal weight” rating on shares of American Campus Communities in a research note on Sunday, November 18th. Finally, JMP Securities restated a “buy” rating and set a $49.00 price target on shares of American Campus Communities in a research report on Tuesday, October 16th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company. American Campus Communities has an average rating of “Hold” and a consensus price target of $44.75.

WARNING: This story was published by Community Financial News and is owned by of Community Financial News. If you are reading this story on another publication, it was stolen and republished in violation of US and international copyright & trademark legislation. The correct version of this story can be read at https://www.com-unik.info/2018/12/01/quantbot-technologies-lp-has-1-80-million-holdings-in-american-campus-communities-inc-acc.html.

About American Campus Communities

American Campus Communities, Inc is the largest owner, manager and developer of high-quality student housing communities in the United States. The company is a fully integrated, self-managed and self-administered equity real estate investment trust (REIT) with expertise in the design, finance, development, construction management and operational management of student housing properties.

See Also: The Role of a Fiduciary and Individual Investors

Want to see what other hedge funds are holding ACC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Campus Communities, Inc. (NYSE:ACC).

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

Receive News & Ratings for American Campus Communities Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Campus Communities and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit