HGI Capital Management LLC Sells 189,663 Shares of American Campus Communities, Inc. (NYSE:ACC)

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HGI Capital Management LLC decreased its position in American Campus Communities, Inc. (NYSE:ACC) by 91.4% during the 3rd quarter, Holdings Channel reports. The firm owned 17,754 shares of the real estate investment trust’s stock after selling 189,663 shares during the quarter. HGI Capital Management LLC’s holdings in American Campus Communities were worth $854,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Envestnet Asset Management Inc. grew its holdings in shares of American Campus Communities by 2.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 119,934 shares of the real estate investment trust’s stock worth $5,536,000 after purchasing an additional 3,059 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of American Campus Communities by 30.5% in the 2nd quarter. Bank of America Corp DE now owns 1,062,826 shares of the real estate investment trust’s stock worth $49,062,000 after purchasing an additional 248,673 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its holdings in shares of American Campus Communities by 9.7% in the 2nd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 27,445 shares of the real estate investment trust’s stock worth $1,267,000 after purchasing an additional 2,422 shares during the last quarter. Fort Washington Investment Advisors Inc. OH grew its holdings in shares of American Campus Communities by 17.6% in the 2nd quarter. Fort Washington Investment Advisors Inc. OH now owns 18,000 shares of the real estate investment trust’s stock worth $831,000 after purchasing an additional 2,700 shares during the last quarter. Finally, South Dakota Investment Council grew its holdings in shares of American Campus Communities by 20.9% in the 2nd quarter. South Dakota Investment Council now owns 69,900 shares of the real estate investment trust’s stock worth $3,227,000 after purchasing an additional 12,100 shares during the last quarter. 95.07% of the stock is currently owned by institutional investors and hedge funds.

NYSE:ACC traded down $0.37 during mid-day trading on Tuesday, reaching $46.59. 33,418 shares of the company were exchanged, compared to its average volume of 573,482. American Campus Communities, Inc. has a 12 month low of $39.37 and a 12 month high of $50.94. The company has a fifty day moving average of $48.73 and a 200 day moving average of $47.42. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 1.00. The stock has a market cap of $6.47 billion, a PE ratio of 20.15 and a beta of 0.36.

American Campus Communities (NYSE:ACC) last issued its quarterly earnings data on Monday, October 21st. The real estate investment trust reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.32). American Campus Communities had a return on equity of 2.73% and a net margin of 11.55%. The company had revenue of $211.08 million for the quarter, compared to the consensus estimate of $213.30 million. During the same period in the prior year, the company earned $0.44 EPS. The firm’s revenue was up 4.1% compared to the same quarter last year. On average, equities research analysts anticipate that American Campus Communities, Inc. will post 2.43 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Monday, November 11th will be issued a dividend of $0.47 per share. The ex-dividend date is Thursday, November 7th. This represents a $1.88 dividend on an annualized basis and a yield of 4.04%. This is a positive change from American Campus Communities’s previous quarterly dividend of $0.42. American Campus Communities’s dividend payout ratio is currently 81.39%.

In other American Campus Communities news, EVP Cardenas Jorge De sold 9,788 shares of the company’s stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $50.06, for a total transaction of $489,987.28. Following the transaction, the executive vice president now directly owns 31,978 shares in the company, valued at approximately $1,600,818.68. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Oliver Luck sold 12,216 shares of the company’s stock in a transaction dated Friday, September 27th. The shares were 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 disclosure for this sale can be found here. 0.75% of the stock is owned by corporate insiders.

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

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.

Read More: Buy Rating

Want to see what other hedge funds are holding ACC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Campus Communities, Inc. (NYSE:ACC).

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

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