Marshall Wace North America L.P. Invests $3.45 Million in American Campus Communities Inc (ACC)

Marshall Wace North America L.P. bought a new stake in American Campus Communities Inc (NYSE:ACC) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 73,418 shares of the real estate investment trust’s stock, valued at approximately $3,451,000. Marshall Wace North America L.P. owned approximately 0.05% of American Campus Communities as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of ACC. Vanguard Group Inc. raised its holdings in shares of American Campus Communities by 3.2% during 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 purchasing an additional 651,470 shares during the last quarter. BlackRock Inc. raised its holdings in shares of American Campus Communities by 4,342.4% during the first quarter. BlackRock Inc. now owns 15,387,072 shares of the real estate investment trust’s stock worth $732,271,000 after purchasing an additional 15,040,705 shares during the last quarter. State Street Corp raised its holdings in shares of American Campus Communities by 1.4% during the first quarter. State Street Corp now owns 5,754,620 shares of the real estate investment trust’s stock worth $273,859,000 after purchasing an additional 77,688 shares during the last quarter. Daiwa Securities Group Inc. raised its holdings in shares of American Campus Communities by 47.3% during 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 purchasing an additional 1,541,548 shares during the last quarter. Finally, Lasalle Investment Management Securities LLC raised its holdings in shares of American Campus Communities by 2.0% during the first quarter. Lasalle Investment Management Securities LLC now owns 4,170,419 shares of the real estate investment trust’s stock worth $198,470,000 after purchasing an additional 81,539 shares during the last quarter.

Shares of American Campus Communities Inc (NYSE:ACC) traded down 0.37% during midday trading on Friday, reaching $48.22. 1,094,546 shares of the company traded hands. The stock has a market capitalization of $6.58 billion, a price-to-earnings ratio of 99.63 and a beta of 0.25. The company’s 50 day moving average is $47.59 and its 200-day moving average is $47.58. American Campus Communities Inc has a 12 month low of $44.65 and a 12 month high of $52.53.

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 consensus estimate of $0.54 by ($0.01). The business had revenue of $169.90 million during the quarter, compared to the consensus estimate of $169.50 million. American Campus Communities had a net margin of 8.59% and a return on equity of 1.90%. The firm’s revenue was down 3.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.54 earnings per share. Equities research analysts forecast that American Campus Communities Inc will post $0.68 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, August 25th. Investors of record on Monday, August 14th were paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.65%. This is a positive change from American Campus Communities’s previous quarterly dividend of $0.42. The ex-dividend date was Thursday, August 10th. American Campus Communities’s dividend payout ratio is presently 359.18%.

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Several research analysts recently issued reports on the stock. KeyCorp reissued a “buy” rating and set a $56.00 target price on shares of American Campus Communities in a report on Friday, August 25th. Hilliard Lyons upgraded shares of American Campus Communities from an “underperform” rating to a “neutral” rating in a research report on Friday, August 11th. Cantor Fitzgerald reiterated an “overweight” rating on shares of American Campus Communities in a research report on Thursday, August 10th. TheStreet lowered shares of American Campus Communities from a “b” rating to a “c+” rating in a research report on Monday, July 24th. Finally, Sandler O’Neill lowered shares of American Campus Communities from a “buy” rating to a “hold” rating and lowered their price target for the stock from $55.00 to $50.00 in a research report on Wednesday, July 26th. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average 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.

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

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