American Campus Communities, Inc. (ACC) Position Lowered by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank trimmed its stake in American Campus Communities, Inc. (NYSE:ACC) by 3.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,925 shares of the real estate investment trust’s stock after selling 1,154 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in American Campus Communities were worth $1,709,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Whittier Trust Co. of Nevada Inc. lifted its stake in shares of American Campus Communities by 36.6% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 3,957 shares of the real estate investment trust’s stock worth $188,000 after acquiring an additional 1,061 shares during the period. Whittier Trust Co. lifted its stake in shares of American Campus Communities by 4.7% in the first quarter. Whittier Trust Co. now owns 24,955 shares of the real estate investment trust’s stock valued at $1,187,000 after purchasing an additional 1,125 shares during the period. Quadrant Capital Group LLC lifted its stake in shares of American Campus Communities by 363.8% in the first quarter. Quadrant Capital Group LLC now owns 1,382 shares of the real estate investment trust’s stock valued at $62,000 after purchasing an additional 1,084 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its stake in shares of American Campus Communities by 2.5% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 25,023 shares of the real estate investment trust’s stock valued at $1,191,000 after purchasing an additional 600 shares during the period. Finally, Daiwa Securities Group Inc. lifted its stake in shares of American Campus Communities by 4.2% in the first quarter. Daiwa Securities Group Inc. now owns 22,368 shares of the real estate investment trust’s stock valued at $1,064,000 after purchasing an additional 900 shares during the period. 98.11% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE ACC opened at $45.92 on Friday. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.89. American Campus Communities, Inc. has a 52 week low of $36.64 and a 52 week high of $48.49. The stock has a market capitalization of $6.30 billion, a P/E ratio of 19.88 and a beta of 0.44.

American Campus Communities (NYSE:ACC) last announced its quarterly earnings data on Monday, April 22nd. The real estate investment trust reported $0.69 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.65 by $0.04. American Campus Communities had a net margin of 13.39% and a return on equity of 3.21%. The firm had revenue of $242.10 million during the quarter, compared to analysts’ expectations of $226.72 million. During the same quarter last year, the business earned $0.65 earnings per share. The business’s revenue for the quarter was up 9.8% compared to the same quarter last year. As a group, research analysts anticipate that American Campus Communities, Inc. will post 2.42 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Monday, May 13th will be issued a dividend of $0.47 per share. This is an increase from American Campus Communities’s previous quarterly dividend of $0.46. This represents a $1.88 annualized dividend and a yield of 4.09%. The ex-dividend date of this dividend is Friday, May 10th. American Campus Communities’s dividend payout ratio (DPR) is 79.65%.

ACC has been the subject of several recent analyst reports. Zacks Investment Research upgraded shares of American Campus Communities from a “sell” rating to a “hold” rating in a research note on Tuesday, April 16th. TheStreet upgraded shares of American Campus Communities from a “c” rating to a “b-” rating in a research note on Wednesday, February 20th. Finally, KeyCorp raised their price objective on shares of American Campus Communities from $47.00 to $50.00 and gave the company an “overweight” rating in a research note on Tuesday, March 19th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. American Campus Communities has an average rating of “Hold” and a consensus price target of $46.90.

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About American Campus Communities

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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