Neuburgh Advisers LLC Sells 4,784 Shares of American Campus Communities (ACC)

Neuburgh Advisers LLC trimmed its holdings in shares of American Campus Communities (NYSE:ACC) by 29.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,280 shares of the real estate investment trust’s stock after selling 4,784 shares during the period. Neuburgh Advisers LLC’s holdings in American Campus Communities were worth $436,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of ACC. Ladenburg Thalmann Financial Services Inc. raised its holdings in shares of American Campus Communities by 36.1% in 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 period. Eaton Vance Management raised its holdings in shares of American Campus Communities by 17.8% in the 1st quarter. Eaton Vance Management now owns 10,848 shares of the real estate investment trust’s stock valued at $419,000 after purchasing an additional 1,643 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of American Campus Communities by 6.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 29,501 shares of the real estate investment trust’s stock valued at $1,210,000 after purchasing an additional 1,863 shares during the period. Comerica Bank raised its holdings in shares of American Campus Communities by 1.7% in the 1st quarter. Comerica Bank now owns 116,330 shares of the real estate investment trust’s stock valued at $4,503,000 after purchasing an additional 1,957 shares during the period. Finally, Amalgamated Bank raised its holdings in shares of American Campus Communities by 7.7% in the 4th quarter. Amalgamated Bank now owns 27,516 shares of the real estate investment trust’s stock valued at $1,129,000 after purchasing an additional 1,968 shares during the period. Institutional investors own 97.76% of the company’s stock.

In other American Campus Communities news, Director John T. Rippel bought 5,000 shares of the stock in a transaction dated Friday, March 23rd. The shares were bought at an average cost of $36.50 per share, with a total value of $182,500.00. Following the completion of the acquisition, the director now owns 3,040 shares of the company’s stock, valued at $110,960. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.64% of the stock is currently owned by company insiders.

A number of brokerages have recently issued reports on ACC. ValuEngine cut shares of American Campus Communities from a “hold” rating to a “sell” rating in a report on Monday, May 14th. Citigroup dropped their target price on shares of American Campus Communities from $45.00 to $41.00 and set a “neutral” rating on the stock in a report on Tuesday, March 13th. Deutsche Bank upped their target price on shares of American Campus Communities from $42.00 to $43.00 and gave the company a “hold” rating in a report on Wednesday, March 28th. JPMorgan Chase reaffirmed an “underweight” rating and issued a $41.00 target price (down from $45.00) on shares of American Campus Communities in a report on Friday, March 16th. Finally, Zacks Investment Research raised shares of American Campus Communities from a “sell” rating to a “hold” rating in a report on Monday, February 26th. Three analysts have rated the stock with a sell rating, four have issued a hold rating and eleven have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $47.23.

American Campus Communities stock opened at $37.21 on Tuesday. The stock has a market capitalization of $5.04 billion, a price-to-earnings ratio of 16.02, a P/E/G ratio of 11.20 and a beta of 0.19. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 0.90. American Campus Communities has a twelve month low of $34.52 and a twelve month high of $49.26.

American Campus Communities (NYSE:ACC) last released its quarterly earnings results on Tuesday, February 20th. The real estate investment trust reported $0.72 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.01. The firm had revenue of $227.60 million for the quarter, compared to analysts’ expectations of $200.28 million. American Campus Communities had a net margin of 7.39% and a return on equity of 1.73%. The business’s revenue was up 11.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.65 EPS. equities analysts forecast that American Campus Communities will post 2.37 earnings per share for the current fiscal year.

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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