Goodwin Daniel L Holds Position in American Campus Communities Inc (NYSE:ACC)

Goodwin Daniel L maintained its stake in American Campus Communities Inc (NYSE:ACC) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,700 shares of the real estate investment trust’s stock at the end of the second quarter. Goodwin Daniel L’s holdings in American Campus Communities were worth $411,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the stock. Lasalle Investment Management Securities LLC raised its position in shares of American Campus Communities by 2.0% in the first quarter. Lasalle Investment Management Securities LLC now owns 4,170,419 shares of the real estate investment trust’s stock valued at $198,470,000 after buying an additional 81,539 shares during the last quarter. Envestnet Asset Management Inc. raised its position in shares of American Campus Communities by 1.3% in the first quarter. Envestnet Asset Management Inc. now owns 50,636 shares of the real estate investment trust’s stock valued at $2,409,000 after buying an additional 663 shares during the last quarter. Morgan Stanley raised its position in shares of American Campus Communities by 40.7% in the first quarter. Morgan Stanley now owns 411,317 shares of the real estate investment trust’s stock valued at $19,575,000 after buying an additional 118,937 shares during the last quarter. Metropolitan Life Insurance Co. NY raised its position in shares of American Campus Communities by 0.6% in the first quarter. Metropolitan Life Insurance Co. NY now owns 131,368 shares of the real estate investment trust’s stock valued at $6,252,000 after buying an additional 735 shares during the last quarter. Finally, Paloma Partners Management Co acquired a new position in shares of American Campus Communities during the first quarter valued at $1,166,000. 99.83% of the stock is currently owned by hedge funds and other institutional investors.

Shares of American Campus Communities Inc (NYSE ACC) opened at 47.42 on Thursday. The stock has a 50 day moving average of $47.35 and a 200 day moving average of $47.79. American Campus Communities Inc has a 52 week low of $44.65 and a 52 week high of $52.53. The firm has a market cap of $6.47 billion, a P/E ratio of 97.98 and a beta of 0.25.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 25th. Investors of record on Monday, August 14th will be paid a $0.44 dividend. The ex-dividend date of this dividend is Thursday, August 10th. This is a positive change from American Campus Communities’s previous quarterly dividend of $0.42. This represents a $1.76 annualized dividend and a yield of 3.71%. American Campus Communities’s dividend payout ratio (DPR) is 359.18%.

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ACC has been the topic of several recent research reports. Zacks Investment Research raised shares of American Campus Communities from a “hold” rating to a “buy” rating and set a $54.00 price objective on the stock in a research report on Wednesday, June 28th. BidaskClub lowered shares of American Campus Communities from a “buy” rating to a “hold” rating in a research report on Saturday, July 8th. Cantor Fitzgerald reissued an “overweight” rating on shares of American Campus Communities in a research report on Thursday, August 10th. 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, Evercore ISI raised shares of American Campus Communities from an “underperform” rating to an “in-line” rating and boosted their target price for the stock from $48.00 to $49.00 in a research report on Monday, June 19th. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $52.71.

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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