Pacer Advisors Inc. raised its position in American Campus Communities Inc (NYSE:ACC) by 14.0% during the second quarter, according to its most recent filing with the SEC. The firm owned 24,875 shares of the real estate investment trust’s stock after buying an additional 3,057 shares during the period. Pacer Advisors Inc.’s holdings in American Campus Communities were worth $1,177,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of the company. BlackRock Inc. boosted its position in American Campus Communities by 4,342.4% in the first quarter. BlackRock Inc. now owns 15,387,072 shares of the real estate investment trust’s stock worth $732,271,000 after buying an additional 15,040,705 shares during the last quarter. Daiwa Securities Group Inc. boosted its position in American Campus Communities by 47.3% in the second quarter. Daiwa Securities Group Inc. now owns 4,798,215 shares of the real estate investment trust’s stock worth $226,955,000 after buying an additional 1,541,548 shares during the last quarter. Vanguard Group Inc. boosted its position in American Campus Communities by 3.2% in the first quarter. Vanguard Group Inc. now owns 20,785,614 shares of the real estate investment trust’s stock worth $989,187,000 after buying an additional 651,470 shares during the last quarter. Nuveen Asset Management LLC boosted its position in American Campus Communities by 171.1% in the first quarter. Nuveen Asset Management LLC now owns 817,804 shares of the real estate investment trust’s stock worth $38,919,000 after buying an additional 516,113 shares during the last quarter. Finally, Presima Inc. boosted its position in American Campus Communities by 79.7% in the second quarter. Presima Inc. now owns 1,059,700 shares of the real estate investment trust’s stock worth $50,124,000 after buying an additional 470,000 shares during the last quarter.

Shares of American Campus Communities Inc (NYSE ACC) opened at 47.41 on Monday. The stock has a market capitalization of $6.47 billion, a price-to-earnings ratio of 97.95 and a beta of 0.25. American Campus Communities Inc has a 52-week low of $44.65 and a 52-week high of $52.53. The company has a 50-day moving average price of $47.41 and a 200-day moving average price of $47.76.

American Campus Communities (NYSE:ACC) last issued its quarterly earnings results on Monday, July 24th. The real estate investment trust reported $0.53 EPS for the quarter, missing the Zacks’ consensus estimate of $0.54 by $0.01. American Campus Communities had a return on equity of 1.90% and a net margin of 8.59%. The firm had revenue of $169.90 million for the quarter, compared to analyst estimates of $169.50 million. During the same period in the prior year, the firm posted $0.54 EPS. The business’s revenue was down 3.1% compared to the same quarter last year. On average, equities analysts anticipate that American Campus Communities Inc will post $0.68 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 25th. Shareholders of record on Monday, August 14th were paid a dividend of $0.44 per share. The ex-dividend date was Thursday, August 10th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.71%. This is a positive change from American Campus Communities’s previous quarterly dividend of $0.42. American Campus Communities’s dividend payout ratio (DPR) is presently 359.18%.

TRADEMARK VIOLATION WARNING: This news story was published by TheOlympiaReport and is owned by of TheOlympiaReport. If you are viewing this news story on another website, it was illegally stolen and republished in violation of US & international copyright laws. The legal version of this news story can be accessed at https://theolympiareport.com/2017/08/28/american-campus-communities-inc-acc-shares-bought-by-pacer-advisors-inc.html.

ACC has been the topic of a number of research analyst reports. Zacks Investment Research cut American Campus Communities from a “hold” rating to a “sell” rating in a report on Tuesday, May 9th. Evercore ISI upgraded American Campus Communities from an “underperform” rating to an “in-line” rating and increased their target price for the stock from $48.00 to $49.00 in a report on Monday, June 19th. BidaskClub upgraded American Campus Communities from a “hold” rating to a “buy” rating in a report on Saturday, June 17th. FBR & Co reiterated a “buy” rating on shares of American Campus Communities in a report on Friday, May 19th. Finally, Hilliard Lyons upgraded American Campus Communities from an “underperform” rating to a “neutral” rating in a report on Friday, August 11th. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. American Campus Communities currently has a consensus rating of “Buy” and an average target price of $53.13.

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.

Want to see what other hedge funds are holding ACC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Campus Communities Inc (NYSE:ACC).

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

Receive News & Ratings for American Campus Communities Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Campus Communities Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.