Prudential Financial Inc. reduced its position in American Campus Communities Inc. (NYSE:ACC) by 7.3% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,961,738 shares of the real estate investment trust’s stock after selling 155,299 shares during the period. Prudential Financial Inc.’s holdings in American Campus Communities were worth $99,794,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of ACC. Solaris Asset Management LLC acquired a new stake in shares of American Campus Communities during the third quarter worth $101,000. Citizens Financial Group Inc RI raised its stake in shares of American Campus Communities by 1,255.8% in the second quarter. Citizens Financial Group Inc RI now owns 1,993 shares of the real estate investment trust’s stock worth $105,000 after buying an additional 1,846 shares in the last quarter. North Star Investment Management Corp. acquired a new stake in shares of American Campus Communities during the second quarter worth $106,000. Invictus RG acquired a new stake in shares of American Campus Communities during the second quarter worth $107,000. Finally, BTR Capital Management Inc. acquired a new stake in shares of American Campus Communities during the second quarter worth $201,000.

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

American Campus Communities Inc. (NYSE:ACC) opened at 46.66 on Tuesday. American Campus Communities Inc. has a 1-year low of $37.75 and a 1-year high of $54.56. The stock has a market cap of $6.16 billion, a PE ratio of 58.03 and a beta of 0.26. The stock has a 50 day moving average price of $48.58 and a 200 day moving average price of $49.68.

American Campus Communities (NYSE:ACC) last posted its quarterly earnings data on Monday, October 24th. The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.02. American Campus Communities had a return on equity of 3.11% and a net margin of 13.00%. The company had revenue of $196.40 million for the quarter, compared to analysts’ expectations of $183.69 million. During the same period in the previous year, the firm posted $0.43 EPS. American Campus Communities’s revenue was up 8.6% compared to the same quarter last year. On average, analysts predict that American Campus Communities Inc. will post $2.26 EPS for the current fiscal year.

The business also recently announced a dividend, which was paid on Monday, November 28th. Stockholders of record on Monday, November 14th were issued a dividend of $0.42 per share. The ex-dividend date of this dividend was Wednesday, November 9th. American Campus Communities’s dividend payout ratio is currently 204.88%.

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Several research firms recently weighed in on ACC. Zacks Investment Research upgraded American Campus Communities from a “hold” rating to a “buy” rating and set a $52.00 price target on the stock in a research report on Wednesday, November 16th. Canaccord Genuity set a $59.00 price target on American Campus Communities and gave the company a “buy” rating in a research report on Monday, October 24th. Capital One Financial Corp. began coverage on American Campus Communities in a research report on Friday, September 23rd. They set an “equal weight” rating and a $49.00 price target on the stock. Deutsche Bank AG lifted their price target on American Campus Communities from $47.00 to $48.00 and gave the company a “hold” rating in a research report on Wednesday, August 10th. Finally, FBR & Co restated a “buy” rating and set a $56.00 price target on shares of American Campus Communities in a research report on Wednesday, October 26th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $50.00.

In other news, insider William C. Bayless, Jr. sold 12,409 shares of the business’s stock in a transaction that occurred on Thursday, October 27th. The stock was sold at an average price of $50.11, for a total transaction of $621,814.99. Following the transaction, the insider now directly owns 271,873 shares in the company, valued at approximately $13,623,556.03. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Jennifer Beese sold 856 shares of the business’s stock in a transaction that occurred on Friday, November 4th. The stock was sold at an average price of $48.45, for a total value of $41,473.20. Following the transaction, the executive vice president now owns 31,475 shares in the company, valued at $1,524,963.75. The disclosure for this sale can be found here. Insiders own 0.65% of the company’s stock.

American Campus Communities Company Profile

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

5 Day Chart for NYSE:ACC

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