Raymond James & Associates Buys 2,010 Shares of American Campus Communities, Inc. (ACC)

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Raymond James & Associates grew its stake in shares of American Campus Communities, Inc. (NYSE:ACC) by 3.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 60,810 shares of the real estate investment trust’s stock after acquiring an additional 2,010 shares during the period. Raymond James & Associates’ holdings in American Campus Communities were worth $2,517,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Cutler Group LP lifted its position in shares of American Campus Communities by 476.2% during the 4th quarter. Cutler Group LP now owns 790 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 1,000 shares during the last quarter. We Are One Seven LLC acquired a new stake in American Campus Communities during the 4th quarter valued at $32,000. Ipswich Investment Management Co. Inc. acquired a new stake in American Campus Communities during the 4th quarter valued at $41,000. Whittier Trust Co. of Nevada Inc. raised its stake in American Campus Communities by 11.3% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 2,896 shares of the real estate investment trust’s stock valued at $120,000 after purchasing an additional 295 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in American Campus Communities during the 3rd quarter valued at $270,000. Institutional investors own 97.42% of the company’s stock.

Shares of NYSE:ACC opened at $46.87 on Friday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.30 and a current ratio of 1.30. American Campus Communities, Inc. has a 12-month low of $35.88 and a 12-month high of $47.10. The firm has a market cap of $6.30 billion, a price-to-earnings ratio of 20.29 and a beta of 0.44.

American Campus Communities (NYSE:ACC) last announced its earnings results on Tuesday, February 19th. The real estate investment trust reported $0.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.73 by ($0.01). American Campus Communities had a net margin of 13.29% and a return on equity of 3.11%. The firm had revenue of $245.87 million for the quarter, compared to analyst estimates of $226.83 million. During the same period last year, the firm earned $0.72 earnings per share. American Campus Communities’s revenue for the quarter was up 8.0% compared to the same quarter last year. On average, sell-side analysts forecast that American Campus Communities, Inc. will post 2.42 earnings per share for the current fiscal year.

Several brokerages have issued reports on ACC. KeyCorp boosted their target price on shares of American Campus Communities from $47.00 to $50.00 and gave the company an “overweight” rating in a research note on Tuesday. Zacks Investment Research downgraded shares of American Campus Communities from a “hold” rating to a “sell” rating in a research note on Tuesday. TheStreet raised shares of American Campus Communities from a “c” rating to a “b-” rating in a research note on Wednesday, February 20th. ValuEngine raised shares of American Campus Communities from a “hold” rating to a “buy” rating in a research note on Friday, December 7th. Finally, JPMorgan Chase & Co. raised shares of American Campus Communities from an “underweight” rating to a “neutral” rating in a research note on Wednesday, December 19th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $46.90.

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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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