Teachers Insurance & Annuity Association of America grew its holdings in American Campus Communities, Inc. (NYSE:ACC) by 11.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 148,817 shares of the real estate investment trust’s stock after buying an additional 14,929 shares during the quarter. Teachers Insurance & Annuity Association of America’s holdings in American Campus Communities were worth $6,106,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. CIBC Asset Management Inc purchased a new position in American Campus Communities in the 3rd quarter valued at approximately $202,000. Kayne Anderson Capital Advisors LP purchased a new position in American Campus Communities in the 4th quarter valued at approximately $234,000. Cipher Capital LP purchased a new position in American Campus Communities in the 3rd quarter valued at approximately $244,000. CrestPoint Capital Management LLC purchased a new position in American Campus Communities in the 4th quarter valued at approximately $246,000. Finally, Wolverine Asset Management LLC purchased a new position in American Campus Communities in the 4th quarter valued at approximately $336,000.
Several equities analysts recently weighed in on ACC shares. Sandler O’Neill raised American Campus Communities from a “hold” rating to a “buy” rating and set a $45.00 price objective for the company in a research note on Friday, January 12th. KeyCorp reissued an “overweight” rating and set a $47.00 price target (down previously from $56.00) on shares of American Campus Communities in a research report on Wednesday, December 20th. JPMorgan Chase & Co. downgraded American Campus Communities from a “neutral” rating to an “underweight” rating and set a $45.00 price target for the company. in a research report on Friday, December 15th. B. Riley set a $50.00 price target on American Campus Communities and gave the stock a “buy” rating in a research report on Tuesday, January 2nd. Finally, Zacks Investment Research downgraded American Campus Communities from a “hold” rating to a “sell” rating in a research report on Tuesday, January 2nd. One analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have issued a buy rating to the company’s stock. American Campus Communities currently has a consensus rating of “Buy” and a consensus target price of $48.55.
American Campus Communities (NYSE:ACC) last issued its earnings results on Tuesday, February 20th. The real estate investment trust reported $0.72 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.71 by $0.01. American Campus Communities had a return on equity of 1.96% and a net margin of 8.67%. The firm had revenue of $227.60 million for the quarter, compared to analysts’ expectations of $200.28 million. During the same quarter last year, the firm earned $0.65 earnings per share. The firm’s revenue for the quarter was up 11.6% compared to the same quarter last year. equities analysts forecast that American Campus Communities, Inc. will post 2.4 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, February 16th. Investors of record on Friday, February 2nd were issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 4.64%. The ex-dividend date was Thursday, February 1st. American Campus Communities’s payout ratio is currently 352.00%.
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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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