Lasalle Investment Management Securities LLC increased its position in shares of American Campus Communities Inc (NYSE:ACC) by 5.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,395,546 shares of the real estate investment trust’s stock after buying an additional 225,127 shares during the period. American Campus Communities comprises 2.6% of Lasalle Investment Management Securities LLC’s holdings, making the stock its 15th largest position. Lasalle Investment Management Securities LLC owned about 3.27% of American Campus Communities worth $207,909,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. Israel Discount Bank of New York bought a new stake in shares of American Campus Communities during the first quarter worth $116,000. Stifel Financial Corp boosted its stake in shares of American Campus Communities by 5.6% in the first quarter. Stifel Financial Corp now owns 5,769 shares of the real estate investment trust’s stock worth $277,000 after buying an additional 308 shares during the period. Bridgewater Wealth & Financial Management LLC boosted its stake in shares of American Campus Communities by 1.3% in the second quarter. Bridgewater Wealth & Financial Management LLC now owns 5,813 shares of the real estate investment trust’s stock worth $275,000 after buying an additional 75 shares during the period. Sprott Inc. bought a new stake in shares of American Campus Communities during the first quarter worth $339,000. Finally, Quantbot Technologies LP bought a new stake in shares of American Campus Communities during the first quarter worth $382,000.

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

American Campus Communities (NYSE:ACC) last issued its quarterly earnings results on Monday, July 24th. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by $0.01. The company 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 firm’s quarterly revenue was down 3.1% on a year-over-year basis. During the same quarter last year, the company earned $0.54 EPS. Equities analysts predict that American Campus Communities Inc will post $0.68 earnings per share for the current fiscal year.

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

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A number of equities research analysts recently weighed in on the stock. Cantor Fitzgerald reissued an “overweight” rating on shares of American Campus Communities in a research report on Thursday, August 10th. KeyCorp reaffirmed a “buy” rating and issued a $56.00 target price on shares of American Campus Communities in a report on Friday. Sandler O’Neill cut shares of American Campus Communities from a “buy” rating to a “hold” rating and reduced their target price for the company from $55.00 to $50.00 in a report on Wednesday, July 26th. BidaskClub raised shares of American Campus Communities from a “hold” rating to a “buy” rating in a report on Tuesday, July 25th. Finally, JMP Securities raised shares of American Campus Communities from a “market perform” rating to an “outperform” rating and set a $55.00 target price for the company in a report on Monday, July 10th. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $53.13.

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

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