Shares of American Campus Communities Inc. (NYSE:ACC) saw unusually-high trading volume on Friday . Approximately 840,574 shares changed hands during mid-day 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.

ACC has been the subject of several analyst reports. Zacks Investment Research upgraded shares of American Campus Communities from a “hold” rating to a “buy” rating and set a $59.00 target price for the company in a report on Wednesday, July 13th. Deutsche Bank AG restated a “hold” rating and issued a $45.00 target price (down previously from $46.00) on shares of American Campus Communities in a report on Friday, May 13th. Argus lowered shares of 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. raised their target price on shares of American Campus Communities from $47.00 to $48.00 and gave the stock a “neutral” rating in a report on Wednesday, July 27th. Finally, Hilliard Lyons lowered shares of American Campus Communities from a “neutral” rating to an “underperform” rating in a report on Friday, July 1st. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $47.50.

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

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

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

In related news, EVP James E. Wilhelm III sold 1,150 shares of the company’s stock in a transaction dated Tuesday, June 28th. The shares were sold at an average price of $51.51, for a total value of $59,236.50. Following the completion of the sale, the executive vice president now owns 41,952 shares of the company’s stock, valued at $2,160,947.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP James E. Wilhelm III sold 6,349 shares of the company’s stock in a transaction dated Monday, August 8th. The shares were sold at an average price of $52.51, for a total transaction of $333,385.99. Following the completion of the sale, the executive vice president now directly owns 41,603 shares of the company’s stock, valued at approximately $2,184,573.53. The disclosure for this sale can be found here.

Several large investors have recently made changes to their positions in the stock. 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 in the last quarter. 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 in the last quarter. 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 in the last quarter. 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 in the last quarter. Finally, 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 in the last quarter.

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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