American Campus Communities, Inc. (NYSE:ACC) Shares Bought by Manning & Napier Group LLC

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Manning & Napier Group LLC boosted its holdings in shares of American Campus Communities, Inc. (NYSE:ACC) by 61.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 105,595 shares of the real estate investment trust’s stock after buying an additional 40,355 shares during the quarter. Manning & Napier Group LLC owned 0.08% of American Campus Communities worth $5,075,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of ACC. Envestnet Asset Management Inc. raised its position in American Campus Communities by 5.6% during the 1st quarter. Envestnet Asset Management Inc. now owns 116,875 shares of the real estate investment trust’s stock worth $5,561,000 after buying an additional 6,238 shares during the last quarter. State of Wisconsin Investment Board raised its position in American Campus Communities by 33.9% during the 1st quarter. State of Wisconsin Investment Board now owns 226,520 shares of the real estate investment trust’s stock worth $10,778,000 after buying an additional 57,350 shares during the last quarter. Neuburgh Advisers LLC raised its position in American Campus Communities by 37.1% during the 1st quarter. Neuburgh Advisers LLC now owns 17,632 shares of the real estate investment trust’s stock worth $839,000 after buying an additional 4,768 shares during the last quarter. Advisory Resource Group purchased a new position in American Campus Communities during the 1st quarter worth approximately $541,000. Finally, FMR LLC raised its position in American Campus Communities by 1,518.3% during the 1st quarter. FMR LLC now owns 971 shares of the real estate investment trust’s stock worth $46,000 after buying an additional 911 shares during the last quarter. 95.27% of the stock is owned by institutional investors.

NYSE:ACC opened at $48.61 on Friday. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.46 and a quick ratio of 1.46. The firm has a market cap of $6.68 billion, a price-to-earnings ratio of 21.04 and a beta of 0.37. The company has a 50 day moving average price of $47.40 and a 200-day moving average price of $47.21. American Campus Communities, Inc. has a 1-year low of $38.40 and a 1-year high of $49.33.

American Campus Communities (NYSE:ACC) last posted its earnings results on Monday, July 22nd. The real estate investment trust reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.02. The firm had revenue of $203.20 million during the quarter, compared to analyst estimates of $206.82 million. American Campus Communities had a net margin of 9.27% and a return on equity of 2.05%. The business’s quarterly revenue was up 7.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.52 EPS. On average, sell-side analysts anticipate that American Campus Communities, Inc. will post 2.42 earnings per share for the current fiscal year.

A number of research firms have issued reports on ACC. Capital One Financial raised shares of American Campus Communities from an “equal weight” rating to an “overweight” rating in a research report on Monday, July 8th. Robert W. Baird raised their price target on shares of American Campus Communities from $50.00 to $52.00 and gave the stock an “outperform” rating in a research report on Thursday, July 11th. Zacks Investment Research lowered shares of American Campus Communities from a “buy” rating to a “hold” rating in a research report on Tuesday. Argus raised shares of American Campus Communities from a “hold” rating to a “buy” rating and set a $53.00 price target for the company in a research report on Wednesday, July 31st. Finally, TheStreet lowered shares of American Campus Communities from a “b-” rating to a “c” rating in a research report on Monday, July 22nd. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $50.33.

In other news, Director Oliver Luck sold 12,216 shares of American Campus Communities stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of $48.05, for a total transaction of $586,978.80. Following the completion of the transaction, the director now directly owns 4,647 shares of the company’s stock, valued at approximately $223,288.35. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.75% of the stock is owned by insiders.

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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