American Campus Communities Inc. (NYSE:ACC) shares were down 3.4% during mid-day trading on Thursday . The company traded as low as $51.03 and last traded at $51.03, with a volume of 224,033 shares changing hands. The stock had previously closed at $52.84.

A number of research analysts recently issued reports on ACC shares. Zacks Investment Research upgraded American Campus Communities from a “hold” rating to a “buy” rating and set a $59.00 price target on the stock in a report on Wednesday, July 13th. Deutsche Bank AG restated a “hold” rating and set a $45.00 price target (down previously from $46.00) on shares of American Campus Communities in a report on Friday, May 13th. Argus downgraded 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. JPMorgan Chase & Co. boosted their price target on American Campus Communities from $47.00 to $48.00 and gave the company a “neutral” rating in a report on Wednesday, July 27th. Finally, Hilliard Lyons cut American Campus Communities from a “neutral” rating to an “underperform” rating in a research report on Friday, July 1st. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $47.50.

The stock’s 50-day moving average is $52.41 and its 200-day moving average is $47.20. The firm has a market cap of $6.74 billion and a price-to-earnings ratio of 66.61.

American Campus Communities (NYSE:ACC) last posted its quarterly earnings data on Monday, July 25th. The real estate investment trust reported $0.54 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.02. During the same period last year, the company earned $0.57 earnings per share. The firm earned $186 million during the quarter, compared to analysts’ expectations of $174.85 million. The business’s revenue for the quarter was up 4.6% compared to the same quarter last year. Equities analysts anticipate that American Campus Communities Inc. will post $2.24 earnings per share for the current fiscal year.

The company also recently disclosed a dividend, which will be paid on Friday, August 26th. Investors 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 6,349 shares of the firm’s stock in a transaction that occurred on Monday, August 8th. The shares were sold at an average price of $52.51, for a total transaction of $333,385.99. Following the transaction, the executive vice president now directly owns 41,603 shares of the company’s stock, valued at $2,184,573.53. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP James E. Wilhelm III sold 1,150 shares of the firm’s stock in a transaction that occurred on Tuesday, June 28th. The stock was sold at an average price of $51.51, for a total transaction of $59,236.50. Following the transaction, the executive vice president now directly owns 41,952 shares in the company, valued at $2,160,947.52. The disclosure for this sale can be found here.

Other institutional investors recently modified their holdings of the company. Dimensional Fund Advisors LP raised its position 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. Wells Fargo & Company MN raised its position 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. Cornerstone Capital Management Holdings LLC. raised its position 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. Stephens Inc. AR raised its position 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. Finally, Utah Retirement Systems raised its position 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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