American Campus Communities, Inc. (NYSE:ACC) Shares Purchased by Municipal Employees Retirement System of Michigan

Municipal Employees Retirement System of Michigan boosted its holdings in American Campus Communities, Inc. (NYSE:ACC) by 1.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,340 shares of the real estate investment trust’s stock after acquiring an additional 360 shares during the quarter. Municipal Employees Retirement System of Michigan’s holdings in American Campus Communities were worth $1,170,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of ACC. Parallel Advisors LLC increased its position in American Campus Communities by 97.5% in the 1st quarter. Parallel Advisors LLC now owns 630 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 311 shares during the period. FMR LLC increased its position in shares of 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 valued at $46,000 after purchasing an additional 911 shares during the period. Penserra Capital Management LLC acquired a new position in shares of American Campus Communities during the 1st quarter valued at $59,000. Quadrant Capital Group LLC increased its position in shares of American Campus Communities by 363.8% during the 1st quarter. Quadrant Capital Group LLC now owns 1,382 shares of the real estate investment trust’s stock valued at $62,000 after purchasing an additional 1,084 shares during the period. Finally, Meeder Asset Management Inc. acquired a new position in shares of American Campus Communities during the 1st quarter valued at $69,000. Hedge funds and other institutional investors own 96.67% of the company’s stock.

Several equities analysts have recently issued reports on ACC shares. Argus upgraded American Campus Communities from a “hold” rating to a “buy” rating and set a $53.00 price target on the stock in a research report on Wednesday, July 31st. JMP Securities cut American Campus Communities from an “outperform” rating to a “market perform” rating in a research report on Wednesday, May 29th. Robert W. Baird lifted their price target on American Campus Communities from $50.00 to $52.00 and gave the company an “outperform” rating in a research report on Thursday, July 11th. Capital One Financial upgraded American Campus Communities from an “equal weight” rating to an “overweight” rating in a research report on Monday, July 8th. Finally, TheStreet cut American Campus Communities from a “b-” rating to a “c” rating in a research report on Monday, July 22nd. 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 currently has a consensus rating of “Hold” and an average price target of $49.43.

Shares of ACC traded up $0.10 during trading hours on Wednesday, hitting $46.91. 8,169 shares of the company were exchanged, compared to its average volume of 739,223. The company has a market capitalization of $6.40 billion, a P/E ratio of 20.30 and a beta of 0.40. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.94. The business’s fifty day moving average is $47.27. American Campus Communities, Inc. has a one year low of $38.40 and a one year high of $49.33.

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

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 23rd. Stockholders of record on Monday, August 12th will be paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 4.01%. The ex-dividend date of this dividend is Friday, August 9th. American Campus Communities’s dividend payout ratio is presently 81.39%.

American Campus Communities Company 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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