Ray Gerald L & Associates Ltd. held its stake in American Campus Communities Inc (NYSE:ACC) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 14,700 shares of the real estate investment trust’s stock at the end of the second quarter. Ray Gerald L & Associates Ltd.’s holdings in American Campus Communities were worth $695,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in ACC. Lasalle Investment Management Securities LLC raised its stake in American Campus Communities by 5.4% in the second quarter. Lasalle Investment Management Securities LLC now owns 4,395,546 shares of the real estate investment trust’s stock valued at $207,909,000 after buying an additional 225,127 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in American Campus Communities by 2.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 21,507 shares of the real estate investment trust’s stock valued at $1,017,000 after buying an additional 599 shares in the last quarter. Pacer Advisors Inc. raised its stake in American Campus Communities by 14.0% in the second quarter. Pacer Advisors Inc. now owns 24,875 shares of the real estate investment trust’s stock valued at $1,177,000 after buying an additional 3,057 shares in the last quarter. Utah Retirement Systems raised its stake in American Campus Communities by 2.3% in the second quarter. Utah Retirement Systems now owns 29,888 shares of the real estate investment trust’s stock valued at $1,414,000 after buying an additional 670 shares in the last quarter. Finally, Prudential Financial Inc. raised its stake in American Campus Communities by 14.0% in the second quarter. Prudential Financial Inc. now owns 770,395 shares of the real estate investment trust’s stock valued at $36,439,000 after buying an additional 94,541 shares in the last quarter.

Shares of American Campus Communities Inc (ACC) opened at 47.72 on Thursday. American Campus Communities Inc has a 52-week low of $44.65 and a 52-week high of $52.53. The company’s 50-day moving average price is $47.41 and its 200-day moving average price is $47.76. The stock has a market cap of $6.51 billion, a PE ratio of 98.60 and a beta of 0.25.

American Campus Communities (NYSE:ACC) last released its quarterly earnings data on Monday, July 24th. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by $0.01. American Campus Communities had a net margin of 8.59% and a return on equity of 1.90%. The company had revenue of $169.90 million during the quarter, compared to analyst estimates of $169.50 million. During the same quarter in the prior year, the company earned $0.54 EPS. The business’s revenue was down 3.1% on a year-over-year basis. On average, equities research analysts forecast that American Campus Communities Inc will post $0.68 earnings per share for the current fiscal 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 $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 3.69%. The ex-dividend date was Thursday, August 10th. This is an increase from American Campus Communities’s previous quarterly dividend of $0.42. American Campus Communities’s dividend payout ratio is currently 359.18%.

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Several equities research analysts recently weighed in on the company. KeyCorp restated a “buy” rating and set a $56.00 price target on shares of American Campus Communities in a research report on Friday, August 25th. Hilliard Lyons raised American Campus Communities from an “underperform” rating to a “neutral” rating in a report on Friday, August 11th. Cantor Fitzgerald reissued an “overweight” rating on shares of American Campus Communities in a report on Thursday, August 10th. TheStreet downgraded American Campus Communities from a “b” rating to a “c+” rating in a report on Monday, July 24th. Finally, Sandler O’Neill downgraded American Campus Communities from a “buy” rating to a “hold” rating and dropped their target price for the stock from $55.00 to $50.00 in a report on Wednesday, July 26th. Five investment 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 an average price target 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.

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

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