Stifel Financial Corp Raises Position in American Campus Communities Inc (NYSE:ACC)

Stifel Financial Corp boosted its stake in shares of American Campus Communities Inc (NYSE:ACC) by 5.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,769 shares of the real estate investment trust’s stock after buying an additional 308 shares during the period. Stifel Financial Corp’s holdings in American Campus Communities were worth $277,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. State of Alaska Department of Revenue raised its stake in shares of American Campus Communities by 23.0% in the first quarter. State of Alaska Department of Revenue now owns 35,980 shares of the real estate investment trust’s stock valued at $1,712,000 after buying an additional 6,730 shares in the last quarter. Louisiana State Employees Retirement System raised its stake in shares of American Campus Communities by 3.1% in the first quarter. Louisiana State Employees Retirement System now owns 33,700 shares of the real estate investment trust’s stock valued at $1,604,000 after buying an additional 1,000 shares in the last quarter. Capstone Asset Management Co. raised its stake in shares of American Campus Communities by 6.6% in the first quarter. Capstone Asset Management Co. now owns 13,002 shares of the real estate investment trust’s stock valued at $619,000 after buying an additional 810 shares in the last quarter. First National Bank of Omaha raised its stake in shares of American Campus Communities by 5.4% in the first quarter. First National Bank of Omaha now owns 109,764 shares of the real estate investment trust’s stock valued at $5,224,000 after buying an additional 5,602 shares in the last quarter. Finally, Northstar Group Inc. raised its stake in shares of American Campus Communities by 103.4% in the first quarter. Northstar Group Inc. now owns 8,850 shares of the real estate investment trust’s stock valued at $646,000 after buying an additional 4,500 shares in the last quarter.

American Campus Communities Inc (ACC) traded up 0.48% during trading on Friday, hitting $47.82. The stock had a trading volume of 695,030 shares. American Campus Communities Inc has a 52 week low of $44.65 and a 52 week high of $54.56. The stock has a 50-day moving average price of $47.70 and a 200-day moving average price of $48.03. The company has a market cap of $6.44 billion, a PE ratio of 98.80 and a beta of 0.25.

American Campus Communities (NYSE:ACC) last posted its quarterly earnings data on Monday, July 24th. The real estate investment trust reported $0.53 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by $0.01. The firm had revenue of $169.90 million for the quarter, compared to analyst estimates of $169.50 million. American Campus Communities had a return on equity of 1.90% and a net margin of 8.59%. The business’s quarterly revenue was down 3.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.54 EPS. Equities analysts predict that American Campus Communities Inc will post $0.84 EPS for the current year.

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Several analysts recently weighed in on the company. BidaskClub raised American Campus Communities from a “hold” rating to a “buy” rating in a report on Tuesday, July 25th. Canaccord Genuity reissued a “buy” rating and issued a $56.00 price objective on shares of American Campus Communities in a report on Monday, July 24th. Zacks Investment Research raised American Campus Communities from a “sell” rating to a “hold” rating in a report on Friday, July 21st. Evercore ISI raised American Campus Communities from an “underperform” rating to an “in-line” rating and boosted their price objective for the company from $48.00 to $49.00 in a report on Monday, June 19th. Finally, TheStreet lowered American Campus Communities from a “b” rating to a “c+” rating in a report on Monday, July 24th. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $52.13.

About American Campus Communities

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.

Institutional Ownership by Quarter for American Campus Communities (NYSE:ACC)

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