GW&K Investment Management LLC Increases Holdings in American Campus Communities, Inc. (NYSE:ACC)

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GW&K Investment Management LLC lifted its position in American Campus Communities, Inc. (NYSE:ACC) by 13.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 825,787 shares of the real estate investment trust’s stock after purchasing an additional 97,627 shares during the quarter. GW&K Investment Management LLC owned about 0.60% of American Campus Communities worth $39,704,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in ACC. Phocas Financial Corp. acquired a new stake in American Campus Communities in the second quarter valued at approximately $32,000. Coastal Investment Advisors Inc. acquired a new stake in American Campus Communities in the third quarter valued at approximately $44,000. Quadrant Capital Group LLC grew its holdings in American Campus Communities by 40.5% in the third quarter. Quadrant Capital Group LLC now owns 1,010 shares of the real estate investment trust’s stock valued at $46,000 after purchasing an additional 291 shares during the period. FMR LLC grew its holdings in American Campus Communities by 1,518.3% in the first quarter. FMR LLC now owns 971 shares of the real estate investment trust’s stock valued at $46,000 after purchasing an additional 911 shares during the period. Finally, Point72 Asset Management L.P. acquired a new stake in American Campus Communities in the second quarter valued at approximately $60,000. Hedge funds and other institutional investors own 95.57% of the company’s stock.

In related news, Director Oliver Luck sold 12,216 shares of American Campus Communities stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $48.05, for a total transaction of $586,978.80. Following the transaction, the director now owns 4,647 shares in the company, valued at $223,288.35. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Cardenas Jorge De sold 9,788 shares of American Campus Communities stock in a transaction that occurred on Thursday, October 24th. The stock was sold at an average price of $50.06, for a total value of $489,987.28. Following the transaction, the executive vice president now owns 31,978 shares in the company, valued at approximately $1,600,818.68. The disclosure for this sale can be found here. Company insiders own 0.75% of the company’s stock.

Several analysts have commented on the company. TheStreet lowered American Campus Communities from a “b-” rating to a “c” rating in a report on Monday, July 22nd. Argus raised American Campus Communities from a “hold” rating to a “buy” rating and set a $53.00 price objective on the stock in a report on Wednesday, July 31st. ValuEngine lowered American Campus Communities from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Goldman Sachs Group assumed coverage on American Campus Communities in a report on Friday. They issued a “neutral” rating and a $53.00 price objective on the stock. Finally, Zacks Investment Research lowered American Campus Communities from a “buy” rating to a “hold” rating in a report on Tuesday, October 8th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $51.00.

Shares of NYSE:ACC traded down $0.11 during trading on Friday, reaching $47.11. The stock had a trading volume of 568,027 shares, compared to its average volume of 706,061. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.46 and a current ratio of 1.31. The business has a fifty day moving average price of $48.73 and a 200-day moving average price of $47.42. The stock has a market cap of $6.68 billion, a PE ratio of 20.39 and a beta of 0.36. American Campus Communities, Inc. has a 1-year low of $39.37 and a 1-year high of $50.94.

American Campus Communities (NYSE:ACC) last issued its quarterly earnings results on Monday, October 21st. The real estate investment trust reported $0.14 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.46 by ($0.32). The firm had revenue of $211.08 million during the quarter, compared to analyst estimates of $213.30 million. American Campus Communities had a return on equity of 2.73% and a net margin of 11.55%. The business’s revenue was up 4.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.44 earnings per share. Sell-side analysts expect that American Campus Communities, Inc. will post 2.43 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Monday, November 11th will be given a dividend of $0.47 per share. This is an increase from American Campus Communities’s previous quarterly dividend of $0.42. The ex-dividend date is Thursday, November 7th. This represents a $1.88 dividend on an annualized basis and a yield of 3.99%. American Campus Communities’s dividend payout ratio (DPR) is presently 81.39%.

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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