American Campus Communities Inc. (NYSE:ACC) shares saw strong trading volume on Friday . 840,574 shares were traded during trading, an increase of 27% from the previous session’s volume of 659,843 shares.The stock last traded at $51.49 and had previously closed at $51.26.

Several research analysts have recently weighed in on the company. Zacks Investment Research upgraded American Campus Communities from a “sell” rating to a “hold” rating in a report on Wednesday, April 27th. Argus cut American Campus Communities from a “buy” rating to a “hold” rating in a report on Wednesday, May 4th. They noted that the move was a valuation call. Canaccord Genuity restated a “buy” rating and set a $49.00 target price on shares of American Campus Communities in a report on Tuesday, April 26th. Hilliard Lyons cut American Campus Communities from a “neutral” rating to an “underperform” rating in a report on Friday, July 1st. Finally, Citigroup Inc. lifted their price target on shares of American Campus Communities from $45.00 to $52.00 and gave the company a “neutral” rating in a research report on Thursday, July 7th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $47.50.

The stock’s 50 day moving average price is $52.43 and its 200 day moving average price is $47.17. The stock has a market cap of $6.74 billion and a P/E ratio of 66.61.

American Campus Communities (NYSE:ACC) last issued its earnings results on Monday, July 25th. The real estate investment trust reported $0.54 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.02. The company earned $186 million during the quarter, compared to analysts’ expectations of $174.85 million. During the same period last year, the business posted $0.57 earnings per share. The company’s quarterly revenue was up 4.6% on a year-over-year basis. On average, equities research analysts expect that American Campus Communities Inc. will post $2.24 EPS for the current year.

The firm also recently declared a dividend, which will be paid on Friday, August 26th. Stockholders of record on Monday, August 15th will be given a $0.42 dividend. The ex-dividend date is Thursday, August 11th.

In other news, EVP James E. Wilhelm III sold 1,150 shares of the stock in a transaction that occurred on Tuesday, June 28th. The shares were sold at an average price of $51.51, for a total value of $59,236.50. Following the sale, the executive vice president now directly owns 41,952 shares in the company, valued at $2,160,947.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Daniel Perry sold 4,096 shares of the stock in a transaction that occurred on Wednesday, June 22nd. The shares were sold at an average price of $49.05, for a total transaction of $200,908.80. Following the completion of the sale, the executive vice president now owns 45,917 shares in the company, valued at $2,252,228.85. The disclosure for this sale can be found here.

A number of hedge funds have recently made changes to their positions in ACC. Wells Fargo & Company MN raised its stake in shares of American Campus Communities by 113.1% in the fourth quarter. Wells Fargo & Company MN now owns 654,148 shares of the real estate investment trust’s stock worth $27,043,000 after buying an additional 347,187 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of American Campus Communities by 1.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,455,901 shares of the real estate investment trust’s stock worth $60,187,000 after buying an additional 27,743 shares during the period. Stephens Inc. AR raised its stake in shares of American Campus Communities by 9.9% in the fourth quarter. Stephens Inc. AR now owns 40,412 shares of the real estate investment trust’s stock worth $1,671,000 after buying an additional 3,631 shares during the period. Cornerstone Capital Management Holdings LLC. raised its stake in shares of American Campus Communities by 2.1% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 66,565 shares of the real estate investment trust’s stock worth $2,752,000 after buying an additional 1,372 shares during the period. Finally, Utah Retirement Systems raised its stake in shares of American Campus Communities by 1.2% in the fourth quarter. Utah Retirement Systems now owns 25,318 shares of the real estate investment trust’s stock worth $1,047,000 after buying an additional 300 shares during the period.

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

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