State of New Jersey Common Pension Fund D lowered its stake in shares of American Campus Communities Inc (NYSE:ACC) by 6.4% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 323,501 shares of the real estate investment trust’s stock after selling 22,000 shares during the period. State of New Jersey Common Pension Fund D’s holdings in American Campus Communities were worth $15,302,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently made changes to their positions in ACC. Vanguard Group Inc. boosted its position in shares of American Campus Communities by 3.2% in the first quarter. Vanguard Group Inc. now owns 20,785,614 shares of the real estate investment trust’s stock valued at $989,187,000 after buying an additional 651,470 shares during the last quarter. BlackRock Inc. boosted its position in shares of American Campus Communities by 4,342.4% in the first quarter. BlackRock Inc. now owns 15,387,072 shares of the real estate investment trust’s stock valued at $732,271,000 after buying an additional 15,040,705 shares during the last quarter. State Street Corp boosted its position in shares of American Campus Communities by 1.4% in the first quarter. State Street Corp now owns 5,754,620 shares of the real estate investment trust’s stock valued at $273,859,000 after buying an additional 77,688 shares during the last quarter. Lasalle Investment Management Securities LLC boosted its position in shares of American Campus Communities by 2.0% in the first quarter. Lasalle Investment Management Securities LLC now owns 4,170,419 shares of the real estate investment trust’s stock valued at $198,470,000 after buying an additional 81,539 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in shares of American Campus Communities by 4.7% in the first quarter. JPMorgan Chase & Co. now owns 3,247,712 shares of the real estate investment trust’s stock valued at $154,560,000 after buying an additional 144,673 shares during the last quarter.

American Campus Communities Inc (NYSE ACC) opened at 47.20 on Wednesday. American Campus Communities Inc has a 52-week low of $44.65 and a 52-week high of $53.27. The firm has a market cap of $6.35 billion, a PE ratio of 97.52 and a beta of 0.25. The firm has a 50-day moving average of $47.66 and a 200-day moving average of $47.97.

American Campus Communities (NYSE:ACC) last posted its quarterly earnings results on Monday, July 24th. The real estate investment trust reported $0.53 EPS for the quarter, missing the consensus estimate of $0.54 by $0.01. The business had revenue of $169.90 million during the quarter, compared to analysts’ expectations of $169.50 million. American Campus Communities had a net margin of 8.59% and a return on equity of 1.90%. The firm’s quarterly revenue was down 3.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.54 EPS. Equities analysts anticipate that American Campus Communities Inc will post $0.75 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 25th. Shareholders of record on Monday, August 14th will be issued a $0.44 dividend. This is a boost from American Campus Communities’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Thursday, August 10th. This represents a $1.76 annualized dividend and a yield of 3.73%. American Campus Communities’s payout ratio is 359.18%.

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Several research analysts have recently weighed in on ACC shares. JMP Securities raised shares of American Campus Communities from a “market perform” rating to an “outperform” rating and set a $55.00 price target on the stock in a research report on Monday, July 10th. Zacks Investment Research raised shares of American Campus Communities from a “hold” rating to a “buy” rating and set a $54.00 target price on the stock in a research report on Wednesday, June 28th. Evercore ISI raised shares of American Campus Communities from an “underperform” rating to an “in-line” rating and upped their target price for the company from $48.00 to $49.00 in a research report on Monday, June 19th. TheStreet cut shares of American Campus Communities from a “b” rating to a “c+” rating in a research report on Monday, July 24th. Finally, Sandler O’Neill cut shares of American Campus Communities from a “buy” rating to a “hold” rating and decreased their target price for the company from $55.00 to $50.00 in a research report on Wednesday, July 26th. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $52.13.

American Campus Communities Company Profile

American Campus Communities, Inc is a self-managed and self-administered equity real estate investment trust (REIT). 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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Institutional Ownership by Quarter for American Campus Communities (NYSE:ACC)

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