Piedmont Investment Advisors LLC continued to hold its stake in American Campus Communities Inc (NYSE:ACC) during the first quarter, according to its most recent disclosure with the SEC. The firm owned 14,706 shares of the real estate investment trust’s stock at the end of the first quarter. Piedmont Investment Advisors LLC’s holdings in American Campus Communities were worth $700,000 as of its most recent SEC filing.
Several other institutional investors have also recently added to or reduced their stakes in the stock. Israel Discount Bank of New York purchased a new position in American Campus Communities during the first quarter valued at $116,000. Israel Discount Bank of New York GFN bought a new position in American Campus Communities during the fourth quarter worth approximately $121,000. Cigna Investments Inc. New bought a new position in American Campus Communities during the fourth quarter worth approximately $243,000. Stifel Financial Corp boosted its position 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 worth $277,000 after buying an additional 308 shares during the period. Finally, Sprott Inc. bought a new position in American Campus Communities during the first quarter worth approximately $339,000.
Shares of American Campus Communities Inc (ACC) opened at 47.98 on Tuesday. The stock has a market cap of $6.43 billion, a PE ratio of 73.70 and a beta of 0.25. American Campus Communities Inc has a 12-month low of $44.65 and a 12-month high of $54.56. The firm has a 50 day moving average price of $47.40 and a 200 day moving average price of $48.23.
American Campus Communities (NYSE:ACC) last announced its earnings results on Monday, April 24th. The real estate investment trust reported $0.62 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.62. The business had revenue of $192.90 million for the quarter, compared to analysts’ expectations of $183.61 million. American Campus Communities had a return on equity of 2.53% and a net margin of 11.23%. The business’s revenue for the quarter was down 3.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.62 EPS. On average, equities analysts expect that American Campus Communities Inc will post $0.85 EPS for the current year.
A number of research firms recently commented on ACC. Zacks Investment Research raised American Campus Communities from a “hold” rating to a “buy” rating and set a $54.00 price target for the company in a research note on Wednesday, June 28th. BidaskClub downgraded American Campus Communities from a “buy” rating to a “hold” rating in a research note on Saturday, July 8th. Evercore ISI upgraded American Campus Communities from an “underperform” rating to an “in-line” rating and upped their target price for the company from $48.00 to $49.00 in a report on Monday, June 19th. FBR & Co restated a “buy” rating on shares of American Campus Communities in a report on Friday, May 19th. Finally, 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 report on Monday, July 10th. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $52.25.
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.
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