American Campus Communities Inc (ACC) Stake Raised by World Asset Management Inc

World Asset Management Inc boosted its stake in American Campus Communities Inc (NYSE:ACC) by 3.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,476 shares of the real estate investment trust’s stock after buying an additional 328 shares during the period. World Asset Management Inc’s holdings in American Campus Communities were worth $496,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in ACC. Vanguard Group Inc. boosted its stake in shares of American Campus Communities by 3.2% in the first quarter. Vanguard Group Inc. now owns 20,785,614 shares of the real estate investment trust’s stock worth $989,187,000 after buying an additional 651,470 shares during the period. BlackRock Inc. boosted its stake in shares of American Campus Communities by 4,342.4% in the first quarter. BlackRock Inc. now owns 15,387,072 shares of the real estate investment trust’s stock worth $732,271,000 after buying an additional 15,040,705 shares during the period. State Street Corp boosted its stake in shares of American Campus Communities by 1.4% in the first quarter. State Street Corp now owns 5,754,620 shares of the real estate investment trust’s stock worth $273,859,000 after buying an additional 77,688 shares during the period. Daiwa Securities Group Inc. boosted its stake in shares of American Campus Communities by 47.3% in the second quarter. Daiwa Securities Group Inc. now owns 4,798,215 shares of the real estate investment trust’s stock worth $226,955,000 after buying an additional 1,541,548 shares during the period. Finally, Lasalle Investment Management Securities LLC boosted its stake in shares of American Campus Communities by 2.0% in the first quarter. Lasalle Investment Management Securities LLC now owns 4,170,419 shares of the real estate investment trust’s stock worth $198,470,000 after buying an additional 81,539 shares during the period.

Shares of American Campus Communities Inc (NYSE:ACC) opened at 46.49 on Friday. The company has a 50-day moving average of $47.51 and a 200-day moving average of $47.89. The stock has a market capitalization of $6.34 billion, a PE ratio of 96.05 and a beta of 0.25. American Campus Communities Inc has a 12 month low of $44.65 and a 12 month high of $52.53.

American Campus Communities (NYSE:ACC) last posted its quarterly earnings data on Monday, July 24th. The real estate investment trust reported $0.53 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 company had revenue of $169.90 million for the quarter, compared to the consensus estimate of $169.50 million. During the same quarter last year, the company earned $0.54 earnings per share. The company’s revenue was down 3.1% compared to the same quarter last year. On average, equities research analysts expect that American Campus Communities Inc will post $0.75 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 25th. Shareholders of record on Monday, August 14th will be paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 3.79%. This is an increase from American Campus Communities’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Thursday, August 10th. American Campus Communities’s dividend payout ratio is 359.18%.

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A number of equities research analysts recently weighed in on ACC shares. Zacks Investment Research raised shares of American Campus Communities from a “hold” rating to a “buy” rating and set a $54.00 price target for the company in a research report on Wednesday, June 28th. BidaskClub raised shares of American Campus Communities from a “hold” rating to a “buy” rating in a research report on Tuesday, July 25th. Canaccord Genuity reissued a “buy” rating and issued a $56.00 price target on shares of American Campus Communities in a research report on Monday, July 24th. FBR & Co reissued a “buy” rating on shares of American Campus Communities in a research report on Friday, May 19th. Finally, TheStreet cut shares of American Campus Communities from a “b” rating to a “c+” rating in a research report on Monday, July 24th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $52.71.

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

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