Zurcher Kantonalbank Zurich Cantonalbank Raises Stake in American Campus Communities, Inc. (NYSE:ACC)

Zurcher Kantonalbank Zurich Cantonalbank boosted its position in American Campus Communities, Inc. (NYSE:ACC) by 58.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,925 shares of the real estate investment trust’s stock after buying an additional 21,000 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in American Campus Communities were worth $2,628,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Parallel Advisors LLC boosted its stake in shares of American Campus Communities by 97.5% during the first quarter. Parallel Advisors LLC now owns 630 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 311 shares during the period. FMR LLC boosted its stake in shares of American Campus Communities by 1,518.3% during the first 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 purchased a new stake in shares of American Campus Communities during the first quarter valued at approximately $59,000. Quadrant Capital Group LLC boosted its stake in shares of American Campus Communities by 363.8% during the first 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. purchased a new stake in shares of American Campus Communities during the first quarter valued at approximately $69,000. 96.67% of the stock is owned by institutional investors and hedge funds.

Shares of American Campus Communities stock opened at $46.89 on Friday. 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 company has a market cap of $6.44 billion, a PE ratio of 20.30 and a beta of 0.40. The business has a 50 day moving average of $47.30 and a 200 day moving average of $46.76. American Campus Communities, Inc. has a 52 week low of $38.40 and a 52 week high of $49.33.

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

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

A number of research firms have recently weighed in on ACC. JMP Securities lowered American Campus Communities from an “outperform” rating to a “market perform” rating in a research note on Wednesday, May 29th. Argus raised American Campus Communities from a “hold” rating to a “buy” rating and set a $53.00 price objective for the company in a research note on Wednesday, July 31st. Capital One Financial raised American Campus Communities from an “equal weight” rating to an “overweight” rating in a research note on Monday, July 8th. TheStreet lowered American Campus Communities from a “b-” rating to a “c” rating in a research note on Monday, July 22nd. Finally, Zacks Investment Research lowered American Campus Communities from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $49.43.

About American Campus Communities

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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