Commerce Bank Acquires 765 Shares of American Campus Communities Inc (NYSE:ACC)

Commerce Bank lifted its stake in American Campus Communities Inc (NYSE:ACC) by 7.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 11,199 shares of the real estate investment trust’s stock after purchasing an additional 765 shares during the period. Commerce Bank’s holdings in American Campus Communities were worth $529,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Lasalle Investment Management Securities LLC grew its holdings in American Campus Communities by 5.4% during the 2nd quarter. Lasalle Investment Management Securities LLC now owns 4,395,546 shares of the real estate investment trust’s stock worth $207,909,000 after acquiring an additional 225,127 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in American Campus Communities by 2.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,507 shares of the real estate investment trust’s stock worth $1,017,000 after acquiring an additional 599 shares during the period. Pacer Advisors Inc. grew its holdings in American Campus Communities by 14.0% during the 2nd quarter. Pacer Advisors Inc. now owns 24,875 shares of the real estate investment trust’s stock worth $1,177,000 after acquiring an additional 3,057 shares during the period. Utah Retirement Systems grew its holdings in American Campus Communities by 2.3% during the 2nd quarter. Utah Retirement Systems now owns 29,888 shares of the real estate investment trust’s stock worth $1,414,000 after acquiring an additional 670 shares during the period. Finally, Prudential Financial Inc. grew its holdings in American Campus Communities by 14.0% during the 2nd quarter. Prudential Financial Inc. now owns 770,395 shares of the real estate investment trust’s stock worth $36,439,000 after acquiring an additional 94,541 shares during the period.

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Shares of American Campus Communities Inc (NYSE:ACC) opened at 47.32 on Friday. The company has a market capitalization of $6.46 billion, a PE ratio of 97.77 and a beta of 0.25. The company has a 50-day moving average of $47.61 and a 200 day moving average of $47.51. American Campus Communities Inc has a 52-week low of $44.65 and a 52-week high of $52.53.

American Campus Communities (NYSE:ACC) last posted its quarterly earnings results on Monday, July 24th. The real estate investment trust reported $0.53 EPS for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.01). The company had revenue of $169.90 million during the quarter, compared to analyst estimates of $169.50 million. American Campus Communities had a return on equity of 1.90% and a net margin of 8.59%. The company’s revenue for the quarter was down 3.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.54 earnings per share. Analysts predict that American Campus Communities Inc will post $0.68 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, August 25th. Shareholders of record on Monday, August 14th were issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 3.72%. This is a boost from American Campus Communities’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Thursday, August 10th. American Campus Communities’s dividend payout ratio (DPR) is presently 359.18%.

ACC has been the subject of a number of analyst reports. Zacks Investment Research raised shares of American Campus Communities from a “hold” rating to a “buy” rating and set a $54.00 target price for the company in a report on Wednesday, June 28th. KeyCorp reissued a “buy” rating and set a $56.00 price target on shares of American Campus Communities in a research report on Friday, August 25th. BidaskClub cut shares of American Campus Communities from a “buy” rating to a “hold” rating in a research report on Saturday, July 8th. Hilliard Lyons raised shares of American Campus Communities from an “underperform” rating to a “neutral” rating in a research report on Friday, August 11th. Finally, Cantor Fitzgerald reissued an “overweight” rating on shares of American Campus Communities in a research report on Thursday, August 10th. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $53.13.

American Campus Communities Company Profile

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

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

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