American Campus Communities, Inc. (NYSE:ACC) Director John T. Rippel Sells 476 Shares of Stock

American Campus Communities, Inc. (NYSE:ACCGet Rating) Director John T. Rippel sold 476 shares of the stock in a transaction that occurred on Monday, May 2nd. The stock was sold at an average price of $64.53, for a total value of $30,716.28. Following the transaction, the director now owns 36,141 shares in the company, valued at approximately $2,332,178.73. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

American Campus Communities Stock Up 0.0 %

Shares of ACC opened at $65.40 on Friday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 2.18 and a current ratio of 1.02. American Campus Communities, Inc. has a one year low of $48.01 and a one year high of $65.43. The stock has a market capitalization of $9.12 billion, a price-to-earnings ratio of 130.80 and a beta of 0.75. The stock has a 50 day moving average price of $64.86 and a 200 day moving average price of $59.85.

Wall Street Analysts Forecast Growth

ACC has been the subject of several research analyst reports. Argus downgraded American Campus Communities from a “buy” rating to a “hold” rating in a research note on Wednesday, April 27th. Capital One Financial downgraded American Campus Communities from an “overweight” rating to an “equal weight” rating and set a $65.47 target price for the company. in a research note on Tuesday, April 26th. Piper Sandler downgraded American Campus Communities from an “overweight” rating to a “neutral” rating and upped their target price for the stock from $65.00 to $65.50 in a research note on Wednesday, April 20th. Citigroup downgraded American Campus Communities from a “buy” rating to a “neutral” rating in a research note on Wednesday, April 20th. Finally, StockNews.com downgraded American Campus Communities from a “hold” rating to a “sell” rating in a research note on Friday, June 3rd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. According to MarketBeat, American Campus Communities has a consensus rating of “Hold” and an average price target of $61.59.

Institutional Trading of American Campus Communities

Several large investors have recently made changes to their positions in the company. Arizona State Retirement System increased its position in shares of American Campus Communities by 0.5% during the first quarter. Arizona State Retirement System now owns 37,616 shares of the real estate investment trust’s stock worth $2,105,000 after purchasing an additional 176 shares in the last quarter. Tran Capital Management L.P. increased its position in shares of American Campus Communities by 0.4% during the first quarter. Tran Capital Management L.P. now owns 52,108 shares of the real estate investment trust’s stock worth $2,916,000 after purchasing an additional 196 shares in the last quarter. Cetera Investment Advisers grew its holdings in American Campus Communities by 4.5% in the 1st quarter. Cetera Investment Advisers now owns 4,875 shares of the real estate investment trust’s stock valued at $273,000 after buying an additional 209 shares in the last quarter. Northwestern Mutual Investment Management Company LLC grew its holdings in American Campus Communities by 1.0% in the 2nd quarter. Northwestern Mutual Investment Management Company LLC now owns 23,347 shares of the real estate investment trust’s stock valued at $1,505,000 after buying an additional 235 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in American Campus Communities by 1.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 18,769 shares of the real estate investment trust’s stock valued at $1,049,000 after buying an additional 251 shares in the last quarter. 97.27% of the stock is currently owned by hedge funds and other institutional investors.

About American Campus Communities

(Get Rating)

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.

Recommended Stories

Insider Buying and Selling 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.