Monarch Partners Asset Management LLC raised its stake in shares of American Campus Communities Inc (NYSE:ACC) by 12.6% during the second quarter, Holdings Channel reports. The fund owned 263,709 shares of the real estate investment trust’s stock after buying an additional 29,580 shares during the period. American Campus Communities comprises approximately 1.2% of Monarch Partners Asset Management LLC’s portfolio, making the stock its 24th largest position. Monarch Partners Asset Management LLC’s holdings in American Campus Communities were worth $12,473,000 as of its most recent filing with the SEC.

Several other large investors have also added to or reduced their stakes in ACC. 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 raised 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 last quarter. 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) opened at 46.49 on Friday. The stock has a market capitalization of $6.34 billion, a price-to-earnings ratio of 96.05 and a beta of 0.25. American Campus Communities Inc has a 12-month low of $44.65 and a 12-month high of $52.53. The company has a 50-day moving average of $47.51 and a 200 day moving average of $47.89.

American Campus Communities (NYSE:ACC) last announced its quarterly earnings results on Monday, July 24th. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate 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 during the quarter, compared to analyst estimates of $169.50 million. During the same period in the previous year, the firm posted $0.54 earnings per share. The company’s revenue was down 3.1% compared to the same quarter last year. Analysts predict that American Campus Communities Inc will post $0.68 earnings per share for the current year.

The business 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. The ex-dividend date is Thursday, August 10th. This is an increase from American Campus Communities’s previous quarterly dividend of $0.42. This represents a $1.76 dividend on an annualized basis and a yield of 3.79%. American Campus Communities’s payout ratio is presently 359.18%.

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Several equities research analysts have recently commented on ACC shares. Zacks Investment Research raised 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 raised shares of American Campus Communities from a “hold” rating to a “buy” rating in a report on Tuesday, July 25th. Canaccord Genuity reissued a “buy” rating and issued a $56.00 target price on shares of American Campus Communities in a report on Monday, July 24th. FBR & Co reissued a “buy” rating on shares of American Campus Communities in a report on Friday, May 19th. Finally, TheStreet lowered shares of American Campus Communities from a “b” rating to a “c+” rating in a report on Monday, July 24th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target 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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