State of Alaska Department of Revenue increased its position in American Campus Communities, Inc. (NYSE:ACC) by 0.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 59,668 shares of the real estate investment trust’s stock after buying an additional 518 shares during the period. State of Alaska Department of Revenue’s holdings in American Campus Communities were worth $2,837,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of ACC. Oregon Public Employees Retirement Fund grew its stake in shares of American Campus Communities by 4,039.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,240,358 shares of the real estate investment trust’s stock valued at $54,000 after buying an additional 2,186,230 shares during the period. JPMorgan Chase & Co. grew its stake in shares of American Campus Communities by 39.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 6,597,994 shares of the real estate investment trust’s stock valued at $271,572,000 after buying an additional 1,858,226 shares during the period. Norges Bank acquired a new stake in shares of American Campus Communities in the 4th quarter valued at about $55,777,000. Prudential Financial Inc. boosted its stake in American Campus Communities by 393.3% during the 4th quarter. Prudential Financial Inc. now owns 1,443,158 shares of the real estate investment trust’s stock valued at $59,733,000 after purchasing an additional 1,150,606 shares during the last quarter. Finally, WINTON GROUP Ltd boosted its stake in American Campus Communities by 1,284.4% during the 4th quarter. WINTON GROUP Ltd now owns 623,763 shares of the real estate investment trust’s stock valued at $25,818,000 after purchasing an additional 578,708 shares during the last quarter. Institutional investors own 98.36% of the company’s stock.
A number of equities analysts have issued reports on ACC shares. Zacks Investment Research downgraded American Campus Communities from a “hold” rating to a “sell” rating in a research note on Monday, January 28th. TheStreet upgraded American Campus Communities from a “c” rating to a “b-” rating in a research note on Wednesday, February 20th. JPMorgan Chase & Co. upgraded American Campus Communities from an “underweight” rating to a “neutral” rating in a research note on Wednesday, December 19th. Finally, KeyCorp lifted their price target on American Campus Communities from $47.00 to $50.00 and gave the company an “overweight” rating in a research note on Tuesday, March 19th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $46.90.
American Campus Communities (NYSE:ACC) last announced its earnings results on Tuesday, February 19th. The real estate investment trust reported $0.72 earnings per share for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.01). American Campus Communities had a return on equity of 3.11% and a net margin of 13.29%. The business had revenue of $245.87 million during the quarter, compared to analysts’ expectations of $226.83 million. During the same quarter in the previous year, the firm earned $0.72 EPS. American Campus Communities’s quarterly revenue was up 8.0% on a year-over-year basis. On average, analysts forecast that American Campus Communities, Inc. will post 2.42 EPS for the current year.
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American Campus Communities Profile
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.
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