Tiverton Asset Management LLC decreased its position in shares of American Campus Communities Inc (NYSE:ACC) by 23.9% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 85,790 shares of the real estate investment trust’s stock after selling 27,010 shares during the period. Tiverton Asset Management LLC owned 0.06% of American Campus Communities worth $4,058,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its position in American Campus Communities by 3.2% during 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 purchasing an additional 651,470 shares during the last quarter. BlackRock Inc. boosted its position in American Campus Communities by 4,342.4% during 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 purchasing an additional 15,040,705 shares during the last quarter. State Street Corp boosted its position in American Campus Communities by 1.4% during 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 purchasing an additional 77,688 shares during the last quarter. Daiwa Securities Group Inc. boosted its position in American Campus Communities by 47.3% during the second quarter. Daiwa Securities Group Inc. now owns 4,798,215 shares of the real estate investment trust’s stock valued at $226,955,000 after purchasing an additional 1,541,548 shares during the last quarter. Finally, Lasalle Investment Management Securities LLC boosted its position in American Campus Communities by 5.4% during the second quarter. Lasalle Investment Management Securities LLC now owns 4,395,546 shares of the real estate investment trust’s stock valued at $207,909,000 after purchasing an additional 225,127 shares during the last quarter.

A number of analysts recently issued reports on ACC shares. JMP Securities raised American Campus Communities from a “market perform” rating to an “outperform” rating and set a $55.00 price objective for the company in a research report on Monday, July 10th. Zacks Investment Research raised American Campus Communities from a “hold” rating to a “buy” rating and set a $54.00 price objective for the company in a research report on Wednesday, June 28th. Cantor Fitzgerald reissued an “overweight” rating on shares of American Campus Communities in a research report on Thursday, August 10th. Evercore ISI raised American Campus Communities from an “underperform” rating to an “in-line” rating and lifted their price objective for the company from $48.00 to $49.00 in a research report on Monday, June 19th. Finally, TheStreet cut 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 seven have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $53.13.

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Shares of American Campus Communities Inc (NYSE ACC) traded down 0.39% during mid-day trading on Friday, hitting $48.21. The company’s stock had a trading volume of 154,513 shares. The company has a 50-day moving average price of $47.57 and a 200-day moving average price of $47.61. The stock has a market cap of $6.58 billion, a PE ratio of 99.61 and a beta of 0.25. American Campus Communities Inc has a 1-year low of $44.65 and a 1-year high of $52.53.

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

The company also recently announced a quarterly dividend, which was paid on Friday, August 25th. Investors of record on Monday, August 14th were paid a $0.44 dividend. This is an increase from American Campus Communities’s previous quarterly dividend of $0.42. This represents a $1.76 annualized dividend and a yield of 3.64%. The ex-dividend date of this dividend was Thursday, August 10th. American Campus Communities’s dividend payout ratio (DPR) is 359.18%.

American Campus Communities 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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