American Campus Communities, Inc. (NYSE:ACC) Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue cut its stake in American Campus Communities, Inc. (NYSE:ACC) by 1.8% in the fourth quarter, Holdings Channel reports. The fund owned 61,395 shares of the real estate investment trust’s stock after selling 1,094 shares during the period. State of Alaska Department of Revenue’s holdings in American Campus Communities were worth $2,625,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of ACC. NEXT Financial Group Inc acquired a new stake in shares of American Campus Communities in the 3rd quarter worth $33,000. CI Investments Inc. acquired a new stake in shares of American Campus Communities in the 3rd quarter worth $33,000. FMR LLC increased its stake in shares of American Campus Communities by 1,518.3% in the 1st quarter. FMR LLC now owns 971 shares of the real estate investment trust’s stock worth $46,000 after acquiring an additional 911 shares during the last quarter. Acadian Asset Management LLC increased its stake in shares of American Campus Communities by 281.5% in the 3rd quarter. Acadian Asset Management LLC now owns 3,193 shares of the real estate investment trust’s stock worth $111,000 after acquiring an additional 2,356 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale increased its stake in shares of American Campus Communities by 52.8% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 3,404 shares of the real estate investment trust’s stock worth $116,000 after acquiring an additional 1,176 shares during the last quarter. 96.69% of the stock is owned by institutional investors and hedge funds.

American Campus Communities stock opened at $42.23 on Thursday. American Campus Communities, Inc. has a 52-week low of $20.13 and a 52-week high of $49.01. The company’s 50 day moving average is $42.24 and its two-hundred day moving average is $37.50. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.12. The firm has a market cap of $5.81 billion, a PE ratio of 82.81, a price-to-earnings-growth ratio of 0.61 and a beta of 0.91.

American Campus Communities (NYSE:ACC) last announced its quarterly earnings data on Saturday, October 31st. The real estate investment trust reported ($0.15) EPS for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.45). American Campus Communities had a net margin of 8.14% and a return on equity of 2.50%. The firm had revenue of $202.70 million during the quarter, compared to analysts’ expectations of $190.07 million. During the same period in the prior year, the company posted $0.46 earnings per share. The company’s revenue for the quarter was down 8.3% on a year-over-year basis. On average, equities research analysts anticipate that American Campus Communities, Inc. will post 1.94 earnings per share for the current fiscal year.

A number of research firms have commented on ACC. Smith Barney Citigroup upped their target price on shares of American Campus Communities from $38.00 to $43.00 in a research report on Tuesday, December 15th. Zacks Investment Research upgraded shares of American Campus Communities from a “sell” rating to a “hold” rating in a report on Monday, November 23rd. JPMorgan Chase & Co. lowered shares of American Campus Communities from a “neutral” rating to an “underweight” rating and set a $40.00 price objective on the stock. in a report on Monday, December 21st. Deutsche Bank Aktiengesellschaft upgraded shares of American Campus Communities from a “hold” rating to a “buy” rating and set a $49.00 price objective on the stock in a report on Tuesday, December 15th. Finally, Evercore ISI lowered shares of American Campus Communities from an “outperform” rating to an “inline” rating in a report on Monday, December 14th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. American Campus Communities has a consensus rating of “Hold” and a consensus price target of $42.00.

About American Campus Communities

American Campus Communities, Inc is the largest owner, manager and developer of high-quality student housing communities in the United States. The company is a fully integrated, self-managed and self-administered equity real estate investment trust (REIT) with expertise in the design, finance, development, construction management and operational management of student housing properties.

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

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