Qube Research & Technologies Ltd Buys Shares of 5,725 American Campus Communities, Inc. (ACC)

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Qube Research & Technologies Ltd bought a new position in American Campus Communities, Inc. (NYSE:ACC) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 5,725 shares of the real estate investment trust’s stock, valued at approximately $245,000.

Other hedge funds have also recently modified their holdings of the company. Mason Street Advisors LLC lifted its stake in shares of American Campus Communities by 2.0% during the 1st quarter. Mason Street Advisors LLC now owns 68,557 shares of the real estate investment trust’s stock worth $2,648,000 after purchasing an additional 1,344 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its stake in shares of American Campus Communities by 3.0% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 53,154 shares of the real estate investment trust’s stock worth $2,279,000 after purchasing an additional 1,536 shares during the last quarter. Eaton Vance Management lifted its stake in shares of American Campus Communities by 17.8% during the 1st quarter. Eaton Vance Management now owns 10,848 shares of the real estate investment trust’s stock worth $419,000 after purchasing an additional 1,643 shares during the last quarter. OppenheimerFunds Inc. lifted its stake in shares of American Campus Communities by 4.4% during the 2nd quarter. OppenheimerFunds Inc. now owns 39,529 shares of the real estate investment trust’s stock worth $1,695,000 after purchasing an additional 1,655 shares during the last quarter. Finally, Natixis lifted its stake in shares of American Campus Communities by 37.2% during the 1st quarter. Natixis now owns 7,400 shares of the real estate investment trust’s stock worth $283,000 after purchasing an additional 2,008 shares during the last quarter. Institutional investors and hedge funds own 97.88% of the company’s stock.

American Campus Communities stock opened at $42.26 on Friday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.43 and a quick ratio of 1.43. American Campus Communities, Inc. has a one year low of $34.52 and a one year high of $48.66. The stock has a market capitalization of $5.83 billion, a price-to-earnings ratio of 18.29 and a beta of 0.15.

American Campus Communities (NYSE:ACC) last released its quarterly earnings results on Monday, July 23rd. The real estate investment trust reported $0.52 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.01). American Campus Communities had a net margin of 12.97% and a return on equity of 3.29%. The business had revenue of $190.20 million during the quarter, compared to analysts’ expectations of $190.23 million. During the same quarter last year, the business posted $0.53 earnings per share. The company’s quarterly revenue was up 11.9% compared to the same quarter last year. equities analysts predict that American Campus Communities, Inc. will post 2.32 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, August 24th. Shareholders of record on Monday, August 13th were paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 4.35%. The ex-dividend date of this dividend was Friday, August 10th. American Campus Communities’s dividend payout ratio (DPR) is presently 79.65%.

ACC has been the subject of a number of analyst reports. Argus cut American Campus Communities from a “buy” rating to a “hold” rating in a research note on Wednesday, July 18th. Zacks Investment Research upgraded American Campus Communities from a “sell” rating to a “hold” rating in a research note on Friday, June 1st. Deutsche Bank upped their price objective on American Campus Communities from $42.00 to $45.00 and gave the stock a “hold” rating in a research note on Wednesday, September 5th. ValuEngine cut American Campus Communities from a “hold” rating to a “sell” rating in a research note on Tuesday, July 24th. Finally, Bank of America upgraded American Campus Communities from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $43.00 to $46.50 in a research note on Thursday, June 14th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $45.75.

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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