Suntrust Banks Inc. Raises Position in American Campus Communities, Inc. (ACC)

Suntrust Banks Inc. grew its stake in shares of American Campus Communities, Inc. (NYSE:ACC) by 5.9% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 85,763 shares of the real estate investment trust’s stock after buying an additional 4,762 shares during the period. Suntrust Banks Inc. owned 0.06% of American Campus Communities worth $3,311,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in ACC. Verition Fund Management LLC purchased a new position in American Campus Communities during the fourth quarter worth $205,000. Ladenburg Thalmann Financial Services Inc. increased its position in American Campus Communities by 36.1% during the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 5,475 shares of the real estate investment trust’s stock worth $224,000 after buying an additional 1,453 shares in the last quarter. Kayne Anderson Capital Advisors LP purchased a new position in American Campus Communities during the fourth quarter worth $234,000. GWM Advisors LLC purchased a new position in American Campus Communities during the first quarter worth $234,000. Finally, Vident Investment Advisory LLC purchased a new position in American Campus Communities during the fourth quarter worth $279,000. 97.86% of the stock is owned by institutional investors.

In other news, President James Clarence Hopke, Jr. sold 8,000 shares of American Campus Communities stock in a transaction on Thursday, June 14th. The stock was sold at an average price of $43.30, for a total value of $346,400.00. Following the completion of the sale, the president now owns 69,794 shares of the company’s stock, valued at $3,022,080.20. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.67% of the stock is owned by insiders.

ACC has been the subject of several recent research reports. Zacks Investment Research raised American Campus Communities from a “sell” rating to a “hold” rating in a research report on Wednesday, March 21st. JPMorgan Chase & Co. reissued an “underweight” rating and set a $41.00 price target (down previously from $45.00) on shares of American Campus Communities in a research report on Friday, March 16th. Deutsche Bank raised their price target on American Campus Communities from $42.00 to $43.00 and gave the stock a “hold” rating in a research report on Wednesday, March 28th. Citigroup dropped their price target on American Campus Communities from $45.00 to $41.00 and set a “neutral” rating for the company in a research report on Tuesday, March 13th. Finally, Bank of America raised American Campus Communities from a “neutral” rating to a “buy” rating and raised their price target for the stock from $43.00 to $46.50 in a research report on Thursday, June 14th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and twelve have assigned a buy rating to the company. American Campus Communities currently has a consensus rating of “Buy” and a consensus price target of $47.21.

Shares of NYSE:ACC opened at $42.94 on Friday. The firm has a market capitalization of $5.82 billion, a PE ratio of 18.51, a price-to-earnings-growth ratio of 13.89 and a beta of 0.22. The company has a quick ratio of 1.77, a current ratio of 1.77 and a debt-to-equity ratio of 0.90. American Campus Communities, Inc. has a 52 week low of $34.52 and a 52 week high of $49.26.

American Campus Communities Profile

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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