American Campus Communities Inc (ACC) Short Interest Down 29.6% in August

American Campus Communities Inc (NYSE:ACC) was the target of a large decrease in short interest in August. As of August 31st, there was short interest totalling 1,771,756 shares, a decrease of 29.6% from the August 15th total of 2,516,742 shares. Approximately 1.3% of the shares of the stock are sold short. Based on an average daily volume of 496,335 shares, the days-to-cover ratio is presently 3.6 days.

American Campus Communities (NYSE ACC) opened at 47.77 on Wednesday. The firm has a market capitalization of $6.52 billion, a PE ratio of 98.70 and a beta of 0.25. The firm has a 50-day moving average of $47.61 and a 200 day moving average of $47.51. American Campus Communities has a 12 month low of $44.65 and a 12 month high of $52.53.

American Campus Communities (NYSE:ACC) last announced its quarterly earnings data on Monday, July 24th. The real estate investment trust reported $0.53 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.54 by ($0.01). The business had revenue of $169.90 million during the quarter, compared to the consensus estimate of $169.50 million. American Campus Communities had a return on equity of 1.90% and a net margin of 8.59%. The company’s revenue was down 3.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.54 earnings per share. Equities research analysts forecast that American Campus Communities will post $0.68 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 25th. Stockholders of record on Monday, August 14th were issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.68%. This is a positive change from American Campus Communities’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend was Thursday, August 10th. American Campus Communities’s payout ratio is presently 359.18%.

ACC has been the subject of a number of research analyst reports. Evercore ISI upgraded shares of American Campus Communities from an “underperform” rating to an “in-line” rating and upped their price objective for the stock from $48.00 to $49.00 in a research report on Monday, June 19th. BidaskClub upgraded shares of American Campus Communities from a “hold” rating to a “buy” rating in a research report on Saturday, June 17th. Hilliard Lyons upgraded shares of American Campus Communities from an “underperform” rating to a “neutral” rating in a research report on Friday, August 11th. Zacks Investment Research cut shares of American Campus Communities from a “buy” rating to a “hold” rating in a research report on Friday, July 14th. Finally, TheStreet cut shares of American Campus Communities from a “b” rating to a “c+” rating in a research report on Monday, July 24th. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $53.13.

Several institutional investors and hedge funds have recently made changes to their positions in ACC. Canada Pension Plan Investment Board lifted its holdings in shares of American Campus Communities by 102.4% in the 1st quarter. Canada Pension Plan Investment Board now owns 8,500 shares of the real estate investment trust’s stock worth $405,000 after acquiring an additional 4,300 shares during the last quarter. Suntrust Banks Inc. lifted its holdings in shares of American Campus Communities by 14.9% in the 1st quarter. Suntrust Banks Inc. now owns 14,155 shares of the real estate investment trust’s stock worth $672,000 after acquiring an additional 1,837 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of American Campus Communities by 8.8% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 20,908 shares of the real estate investment trust’s stock worth $995,000 after acquiring an additional 1,686 shares during the last quarter. Swiss National Bank increased its stake in shares of American Campus Communities by 1.9% in the first quarter. Swiss National Bank now owns 218,552 shares of the real estate investment trust’s stock worth $10,401,000 after buying an additional 4,000 shares during the period. Finally, World Asset Management Inc increased its stake in shares of American Campus Communities by 2.8% in the first quarter. World Asset Management Inc now owns 10,148 shares of the real estate investment trust’s stock worth $483,000 after buying an additional 275 shares during the period.

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American Campus Communities Company Profile

American Campus Communities, Inc is a self-managed and self-administered equity real estate investment trust (REIT). The Company’s segments include Wholly-Owned Properties, On-Campus Participating Properties, Development Services, and Property Management Services. It is engaged in the acquisition, design, financing, development, construction management, leasing and management of student housing properties.

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