Aperio Group LLC raised its stake in shares of American Campus Communities Inc (NYSE:ACC) by 5.2% during the second quarter, Holdings Channel reports. The firm owned 34,661 shares of the real estate investment trust’s stock after buying an additional 1,708 shares during the period. Aperio Group LLC’s holdings in American Campus Communities were worth $1,639,000 as of its most recent filing with the SEC.

A number of other hedge funds have also added to or reduced their stakes in the stock. Israel Discount Bank of New York acquired a new stake in American Campus Communities during the first quarter valued at approximately $116,000. Stifel Financial Corp increased its stake in American Campus Communities by 5.6% in the first quarter. Stifel Financial Corp now owns 5,769 shares of the real estate investment trust’s stock valued at $277,000 after buying an additional 308 shares during the period. Sprott Inc. acquired a new stake in American Campus Communities during the first quarter valued at approximately $339,000. Quantbot Technologies LP acquired a new stake in American Campus Communities during the first quarter valued at approximately $382,000. Finally, First Citizens Bank & Trust Co. acquired a new stake in American Campus Communities during the first quarter valued at approximately $398,000.

Shares of American Campus Communities Inc (ACC) traded down 0.67% during trading on Friday, reaching $46.18. 198,745 shares of the company’s stock were exchanged. American Campus Communities Inc has a 52 week low of $44.65 and a 52 week high of $52.53. The stock has a market capitalization of $6.30 billion, a PE ratio of 95.41 and a beta of 0.25. The company’s 50-day moving average is $47.51 and its 200 day moving average is $47.89.

American Campus Communities (NYSE:ACC) last issued its quarterly earnings data on Monday, July 24th. The real estate investment trust reported $0.53 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by $0.01. American Campus Communities had a net margin of 8.59% and a return on equity of 1.90%. The company had revenue of $169.90 million for the quarter, compared to the consensus estimate of $169.50 million. During the same quarter in the prior year, the firm earned $0.54 earnings per share. American Campus Communities’s revenue for the quarter was down 3.1% compared to the same quarter last year. On average, analysts forecast that American Campus Communities Inc will post $0.68 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 25th. Investors of record on Monday, August 14th will be paid a dividend of $0.44 per share. This is a boost from American Campus Communities’s previous quarterly dividend of $0.42. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.79%. The ex-dividend date of this dividend is Thursday, August 10th. American Campus Communities’s payout ratio is currently 359.18%.

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ACC has been the subject of several research reports. Zacks Investment Research upgraded shares of American Campus Communities from a “hold” rating to a “buy” rating and set a $54.00 price target for the company in a research report on Wednesday, June 28th. BidaskClub upgraded shares of American Campus Communities from a “hold” rating to a “buy” rating in a research report on Tuesday, July 25th. Canaccord Genuity reiterated a “buy” rating and issued a $56.00 price target on shares of American Campus Communities in a research report on Monday, July 24th. FBR & Co reiterated a “buy” rating on shares of American Campus Communities in a research report on Friday, May 19th. Finally, TheStreet downgraded shares of American Campus Communities from a “b” rating to a “c+” rating in a research report on Monday, July 24th. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $52.71.

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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