Russell Investments Group Ltd. Decreases Stock Position in American Campus Communities, Inc. (NYSE:ACC)

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Russell Investments Group Ltd. cut its holdings in American Campus Communities, Inc. (NYSE:ACC) by 89.4% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 87,522 shares of the real estate investment trust’s stock after selling 741,159 shares during the period. Russell Investments Group Ltd. owned about 0.06% of American Campus Communities worth $4,205,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Phocas Financial Corp. acquired a new position in American Campus Communities in the 2nd quarter valued at about $32,000. Coastal Investment Advisors Inc. acquired a new position in American Campus Communities in the 3rd quarter valued at about $44,000. Quadrant Capital Group LLC raised its stake in American Campus Communities by 40.5% in the 3rd quarter. Quadrant Capital Group LLC now owns 1,010 shares of the real estate investment trust’s stock valued at $46,000 after purchasing an additional 291 shares during the last quarter. FMR LLC raised its stake in American Campus Communities by 1,518.3% in the 1st quarter. FMR LLC now owns 971 shares of the real estate investment trust’s stock valued at $46,000 after purchasing an additional 911 shares during the last quarter. Finally, Point72 Asset Management L.P. acquired a new position in American Campus Communities in the 2nd quarter valued at about $60,000. Institutional investors and hedge funds own 96.00% of the company’s stock.

In other news, Director Oliver Luck sold 12,216 shares of the company’s stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $48.05, for a total transaction of $586,978.80. Following the completion of the transaction, the director now owns 4,647 shares of the company’s stock, valued at approximately $223,288.35. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Cardenas Jorge De sold 9,788 shares of the company’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $50.06, for a total transaction of $489,987.28. Following the transaction, the executive vice president now directly owns 31,978 shares of the company’s stock, valued at approximately $1,600,818.68. The disclosure for this sale can be found here. Corporate insiders own 0.75% of the company’s stock.

NYSE ACC opened at $47.46 on Tuesday. American Campus Communities, Inc. has a 12 month low of $39.37 and a 12 month high of $50.94. The company has a 50-day moving average of $48.64 and a 200-day moving average of $47.41. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.31 and a quick ratio of 1.31. The company has a market cap of $6.43 billion, a P/E ratio of 20.55 and a beta of 0.36.

American Campus Communities (NYSE:ACC) last posted its quarterly earnings data on Monday, October 21st. The real estate investment trust reported $0.14 EPS for the quarter, missing the Zacks’ consensus estimate of $0.46 by ($0.32). American Campus Communities had a net margin of 11.55% and a return on equity of 2.73%. The company had revenue of $211.08 million for the quarter, compared to analyst estimates of $213.30 million. During the same period in the prior year, the company earned $0.44 EPS. The company’s revenue was up 4.1% compared to the same quarter last year. As a group, equities research analysts anticipate that American Campus Communities, Inc. will post 2.43 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Monday, November 11th will be paid a dividend of $0.47 per share. The ex-dividend date of this dividend is Thursday, November 7th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.96%. This is an increase from American Campus Communities’s previous quarterly dividend of $0.42. American Campus Communities’s dividend payout ratio is currently 81.39%.

ACC has been the subject of several analyst reports. Argus raised shares of American Campus Communities from a “hold” rating to a “buy” rating and set a $53.00 target price for the company in a research note on Wednesday, July 31st. ValuEngine downgraded shares of American Campus Communities from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Goldman Sachs Group initiated coverage on shares of American Campus Communities in a research note on Friday, November 8th. They issued a “neutral” rating and a $53.00 target price for the company. Zacks Investment Research downgraded shares of American Campus Communities from a “buy” rating to a “hold” rating in a research note on Tuesday, October 8th. Finally, TheStreet downgraded shares of American Campus Communities from a “b-” rating to a “c” rating in a research note on Monday, July 22nd. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $51.00.

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

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