Monarch Partners Asset Management LLC lessened its position in shares of American Campus Communities, Inc. (NYSE:ACC) by 24.5% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 31,108 shares of the real estate investment trust’s stock after selling 10,068 shares during the quarter. Monarch Partners Asset Management LLC’s holdings in American Campus Communities were worth $1,480,000 as of its most recent SEC filing.
Other large investors have also recently added to or reduced their stakes in the company. Parallel Advisors LLC raised its holdings in American Campus Communities by 97.5% during the first quarter. Parallel Advisors LLC now owns 630 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 311 shares during the last quarter. Pinnacle Bank acquired a new position in shares of American Campus Communities in the fourth quarter worth $31,000. Cutler Group LP raised its holdings in shares of American Campus Communities by 476.2% in the fourth quarter. Cutler Group LP now owns 790 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 1,000 shares during the last quarter. We Are One Seven LLC acquired a new position in shares of American Campus Communities in the fourth quarter worth $32,000. Finally, JOYN Advisors Inc. raised its holdings in shares of American Campus Communities by 143.9% in the fourth quarter. JOYN Advisors Inc. now owns 912 shares of the real estate investment trust’s stock worth $38,000 after acquiring an additional 538 shares during the last quarter. Hedge funds and other institutional investors own 96.74% of the company’s stock.
A number of equities analysts have recently weighed in on the company. Zacks Investment Research cut American Campus Communities from a “hold” rating to a “sell” rating in a report on Wednesday, April 10th. KeyCorp boosted their price target on American Campus Communities from $47.00 to $50.00 and gave the stock an “overweight” rating in a report on Tuesday, March 19th. Finally, TheStreet raised American Campus Communities from a “c” rating to a “b-” rating in a report on Wednesday, February 20th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $46.90.
American Campus Communities (NYSE:ACC) last announced its quarterly earnings data on Monday, April 22nd. The real estate investment trust reported $0.69 EPS for the quarter, beating the Zacks’ consensus estimate of $0.65 by $0.04. The business had revenue of $242.10 million during the quarter, compared to the consensus estimate of $226.72 million. American Campus Communities had a return on equity of 3.21% and a net margin of 13.39%. The business’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.65 earnings per share. Sell-side analysts expect that American Campus Communities, Inc. will post 2.41 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 24th. Stockholders of record on Monday, May 13th were given a $0.47 dividend. The ex-dividend date of this dividend was Friday, May 10th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.97%. This is an increase from American Campus Communities’s previous quarterly dividend of $0.46. American Campus Communities’s payout ratio is currently 81.39%.
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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