8,380 Shares in American Campus Communities (ACC) Acquired by LPL Financial LLC

LPL Financial LLC purchased a new stake in shares of American Campus Communities (NYSE:ACC) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 8,380 shares of the real estate investment trust’s stock, valued at approximately $344,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Ladenburg Thalmann Financial Services Inc. increased its position in shares of American Campus Communities by 36.1% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 5,475 shares of the real estate investment trust’s stock valued at $224,000 after purchasing an additional 1,453 shares during the last quarter. Kayne Anderson Capital Advisors LP purchased a new stake in shares of American Campus Communities during the 4th quarter valued at about $234,000. CrestPoint Capital Management LLC purchased a new stake in shares of American Campus Communities during the 4th quarter valued at about $246,000. Stifel Financial Corp increased its position in shares of American Campus Communities by 55.4% during the 3rd quarter. Stifel Financial Corp now owns 7,996 shares of the real estate investment trust’s stock valued at $352,000 after purchasing an additional 2,850 shares during the last quarter. Finally, Wolverine Asset Management LLC bought a new position in shares of American Campus Communities during the 4th quarter valued at approximately $336,000.

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In other American Campus Communities news, Director John T. Rippel purchased 5,000 shares of the company’s stock in a transaction on Friday, March 23rd. The stock was acquired at an average cost of $36.50 per share, for a total transaction of $182,500.00. Following the purchase, the director now directly owns 3,040 shares of the company’s stock, valued at approximately $110,960. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.67% of the company’s stock.

ACC stock opened at $38.06 on Friday. American Campus Communities has a 1-year low of $34.52 and a 1-year high of $49.93. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.86. The company has a market capitalization of $5,283.72, a price-to-earnings ratio of 16.48, a price-to-earnings-growth ratio of 11.71 and a beta of 0.19.

American Campus Communities (NYSE:ACC) last posted its quarterly earnings results on Tuesday, February 20th. The real estate investment trust reported $0.72 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.01. American Campus Communities had a return on equity of 1.96% and a net margin of 8.67%. The business had revenue of $227.60 million during the quarter, compared to the consensus estimate of $200.28 million. During the same period in the prior year, the company posted $0.65 EPS. The firm’s revenue for the quarter was up 11.6% compared to the same quarter last year. sell-side analysts expect that American Campus Communities will post 2.38 EPS for the current fiscal year.

A number of research analysts recently issued reports on ACC shares. B. Riley set a $50.00 price objective on American Campus Communities and gave the company a “buy” rating in a research note on Tuesday, January 2nd. Zacks Investment Research downgraded American Campus Communities from a “hold” rating to a “sell” rating in a research note on Tuesday, January 2nd. Sandler O’Neill upgraded American Campus Communities from a “hold” rating to a “buy” rating and set a $45.00 price objective for the company in a research note on Friday, January 12th. Hilliard Lyons upgraded American Campus Communities from a “neutral” rating to a “buy” rating and set a $41.00 price objective for the company in a research note on Thursday, February 22nd. Finally, Citigroup cut their price objective on American Campus Communities from $45.00 to $41.00 and set a “neutral” rating for the company in a research note on Tuesday, March 13th. One analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have issued a buy rating to the stock. American Campus Communities currently has a consensus rating of “Buy” and an average target price of $47.23.

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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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