Massmutual Trust Co. FSB ADV Sells 375 Shares of American Campus Communities, Inc. (NYSE:ACC)

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Massmutual Trust Co. FSB ADV decreased its stake in American Campus Communities, Inc. (NYSE:ACC) by 2.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,337 shares of the real estate investment trust’s stock after selling 375 shares during the period. Massmutual Trust Co. FSB ADV’s holdings in American Campus Communities were worth $616,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. AJO LP raised its stake in shares of American Campus Communities by 2,547.8% during the first quarter. AJO LP now owns 2,349,473 shares of the real estate investment trust’s stock valued at $111,788,000 after acquiring an additional 2,260,741 shares during the last quarter. Diamond Hill Capital Management Inc. raised its stake in shares of American Campus Communities by 0.7% during the second quarter. Diamond Hill Capital Management Inc. now owns 1,968,973 shares of the real estate investment trust’s stock valued at $90,888,000 after acquiring an additional 14,430 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of American Campus Communities by 2.1% during the second quarter. Charles Schwab Investment Management Inc. now owns 1,947,604 shares of the real estate investment trust’s stock valued at $89,902,000 after acquiring an additional 39,743 shares during the last quarter. Bank of New York Mellon Corp raised its stake in American Campus Communities by 4.1% during the second quarter. Bank of New York Mellon Corp now owns 1,788,314 shares of the real estate investment trust’s stock worth $82,548,000 after buying an additional 70,166 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in American Campus Communities by 7.1% during the fourth quarter. Geode Capital Management LLC now owns 1,754,211 shares of the real estate investment trust’s stock worth $72,606,000 after buying an additional 116,613 shares during the last quarter. 95.27% of the stock is owned by institutional investors and hedge funds.

NYSE ACC traded up $0.24 during mid-day trading on Thursday, reaching $47.14. 24,129 shares of the stock were exchanged, compared to its average volume of 619,276. American Campus Communities, Inc. has a one year low of $38.40 and a one year high of $49.33. The stock has a 50 day simple moving average of $46.82 and a 200-day simple moving average of $46.98. The stock has a market cap of $6.46 billion, a P/E ratio of 20.40 and a beta of 0.39. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.46 and a quick ratio of 1.46.

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

The business also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Monday, August 12th were issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 3.99%. The ex-dividend date of this dividend was Friday, August 9th. American Campus Communities’s payout ratio is 81.39%.

A number of equities analysts recently weighed in on ACC shares. TheStreet downgraded shares of American Campus Communities from a “b-” rating to a “c” rating in a research note on Monday, July 22nd. Robert W. Baird lifted their target price on shares of American Campus Communities from $50.00 to $52.00 and gave the stock an “outperform” rating in a research note on Thursday, July 11th. Capital One Financial raised shares of American Campus Communities from an “equal weight” rating to an “overweight” rating in a research note on Monday, July 8th. Argus raised shares of American Campus Communities from a “hold” rating to a “buy” rating and set a $53.00 target price for the company in a research note on Wednesday, July 31st. Finally, ValuEngine downgraded shares of American Campus Communities from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. American Campus Communities currently has an average rating of “Buy” and an average price target of $50.17.

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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