Citigroup Inc. increased its position in shares of American Campus Communities Inc (NYSE:ACC) by 47.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 86,537 shares of the real estate investment trust’s stock after acquiring an additional 27,781 shares during the period. Citigroup Inc. owned about 0.06% of American Campus Communities worth $4,093,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in American Campus Communities by 3.2% during the 1st quarter. Vanguard Group Inc. now owns 20,785,614 shares of the real estate investment trust’s stock worth $989,187,000 after acquiring an additional 651,470 shares in the last quarter. BlackRock Inc. lifted its stake in American Campus Communities by 2.7% during the 2nd quarter. BlackRock Inc. now owns 15,807,560 shares of the real estate investment trust’s stock worth $747,699,000 after acquiring an additional 420,488 shares in the last quarter. State Street Corp lifted its stake in American Campus Communities by 1.4% during the 1st quarter. State Street Corp now owns 5,754,620 shares of the real estate investment trust’s stock worth $273,859,000 after acquiring an additional 77,688 shares in the last quarter. Daiwa Securities Group Inc. lifted its stake in American Campus Communities by 47.3% during the 2nd quarter. Daiwa Securities Group Inc. now owns 4,798,215 shares of the real estate investment trust’s stock worth $226,955,000 after acquiring an additional 1,541,548 shares in the last quarter. Finally, Lasalle Investment Management Securities LLC lifted its stake in American Campus Communities by 5.4% during the 2nd quarter. Lasalle Investment Management Securities LLC now owns 4,395,546 shares of the real estate investment trust’s stock worth $207,909,000 after acquiring an additional 225,127 shares in the last quarter.

Shares of American Campus Communities Inc (ACC) opened at 47.32 on Friday. The firm has a 50-day moving average price of $47.61 and a 200-day moving average price of $47.51. American Campus Communities Inc has a 52-week low of $44.65 and a 52-week high of $52.53. The firm has a market cap of $6.46 billion, a price-to-earnings ratio of 97.77 and a beta of 0.25.

American Campus Communities (NYSE:ACC) last posted 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 firm had revenue of $169.90 million for the quarter, compared to analysts’ expectations of $169.50 million. During the same period last year, the firm posted $0.54 EPS. American Campus Communities’s 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 declared a quarterly dividend, which was paid on Friday, August 25th. Shareholders of record on Monday, August 14th were given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 3.72%. The ex-dividend date was Thursday, August 10th. This is an increase from American Campus Communities’s previous quarterly dividend of $0.42. American Campus Communities’s payout ratio is 359.18%.

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ACC has been the topic of several research reports. BidaskClub raised American Campus Communities from a “hold” rating to a “buy” rating in a research note on Saturday, June 17th. Evercore ISI raised American Campus Communities from an “underperform” rating to an “in-line” rating and increased their target price for the stock from $48.00 to $49.00 in a research note on Monday, June 19th. Zacks Investment Research raised American Campus Communities from a “hold” rating to a “buy” rating and set a $54.00 target price on the stock in a research note on Wednesday, June 28th. JMP Securities raised American Campus Communities from a “market perform” rating to an “outperform” rating and set a $55.00 target price on the stock in a research note on Monday, July 10th. Finally, Canaccord Genuity reissued a “buy” rating and set a $56.00 target price on shares of American Campus Communities in a research note on Monday, July 24th. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. American Campus Communities presently has an average rating of “Buy” and an average price target of $53.71.

About American Campus Communities

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.

Institutional Ownership by Quarter for American Campus Communities (NYSE:ACC)

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