Sand Hill Global Advisors LLC Buys Shares of 13,129 American Campus Communities Inc (ACC)

Sand Hill Global Advisors LLC acquired a new position in shares of American Campus Communities Inc (NYSE:ACC) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 13,129 shares of the real estate investment trust’s stock, valued at approximately $621,000.

Other hedge funds also recently bought and sold shares of the company. BlackRock Inc. raised its holdings in American Campus Communities by 4,342.4% in the 1st quarter. BlackRock Inc. now owns 15,387,072 shares of the real estate investment trust’s stock valued at $732,271,000 after buying an additional 15,040,705 shares during the last quarter. Daiwa Securities Group Inc. raised its holdings in American Campus Communities by 47.3% in the 2nd quarter. Daiwa Securities Group Inc. now owns 4,798,215 shares of the real estate investment trust’s stock valued at $226,955,000 after buying an additional 1,541,548 shares during the last quarter. Vanguard Group Inc. raised its holdings in American Campus Communities by 3.2% in the 1st quarter. Vanguard Group Inc. now owns 20,785,614 shares of the real estate investment trust’s stock valued at $989,187,000 after buying an additional 651,470 shares during the last quarter. Nuveen Asset Management LLC increased its position in American Campus Communities by 171.1% during the 1st quarter. Nuveen Asset Management LLC now owns 817,804 shares of the real estate investment trust’s stock valued at $38,919,000 after purchasing an additional 516,113 shares during the period. Finally, Presima Inc. increased its position in American Campus Communities by 79.7% during the 2nd quarter. Presima Inc. now owns 1,059,700 shares of the real estate investment trust’s stock valued at $50,124,000 after purchasing an additional 470,000 shares during the period.

American Campus Communities Inc (NYSE:ACC) traded down 0.37% during midday trading on Friday, hitting $48.22. The stock had a trading volume of 211,938 shares. The firm has a 50 day moving average of $47.57 and a 200 day moving average of $47.61. The firm has a market cap of $6.58 billion, a price-to-earnings ratio of 99.63 and a beta of 0.25. 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 data on Monday, July 24th. The real estate investment trust reported $0.53 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by ($0.01). The firm had revenue of $169.90 million during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same period in the previous year, the company earned $0.54 earnings per share. Equities research analysts predict that American Campus Communities Inc will post $0.68 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 25th. Shareholders of record on Monday, August 14th were given a $0.44 dividend. This is a boost from American Campus Communities’s previous quarterly dividend of $0.42. This represents a $1.76 dividend on an annualized basis and a yield of 3.64%. The ex-dividend date of this dividend was Thursday, August 10th. American Campus Communities’s dividend payout ratio is presently 359.18%.

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A number of analysts have weighed in on the stock. Cantor Fitzgerald reissued an “overweight” rating on shares of American Campus Communities in a research report on Thursday, August 10th. BidaskClub raised shares of American Campus Communities from a “hold” rating to a “buy” rating in a research report on Tuesday, July 25th. Sandler O’Neill downgraded shares of American Campus Communities from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $55.00 to $50.00 in a research report on Wednesday, July 26th. JMP Securities raised shares of American Campus Communities from a “market perform” rating to an “outperform” rating and set a $55.00 price objective for the company in a research report on Monday, July 10th. Finally, Canaccord Genuity reiterated a “buy” rating and issued a $56.00 target price on shares of American Campus Communities in a report on Monday, July 24th. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $53.13.

American Campus Communities 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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