American Campus Communities Inc (NYSE:ACC) Shares Bought by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio boosted its stake in shares of American Campus Communities Inc (NYSE:ACC) by 0.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 207,886 shares of the real estate investment trust’s stock after buying an additional 1,583 shares during the period. Public Employees Retirement System of Ohio owned approximately 0.16% of American Campus Communities worth $9,893,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of ACC. Janney Montgomery Scott LLC boosted its position in shares of American Campus Communities by 0.3% in the first quarter. Janney Montgomery Scott LLC now owns 8,530 shares of the real estate investment trust’s stock valued at $406,000 after buying an additional 24 shares during the period. Northwestern Mutual Investment Management Company LLC boosted its stake in American Campus Communities by 0.9% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 22,970 shares of the real estate investment trust’s stock worth $1,093,000 after buying an additional 204 shares during the last quarter. AQR Capital Management LLC boosted its stake in American Campus Communities by 0.4% in the fourth quarter. AQR Capital Management LLC now owns 67,606 shares of the real estate investment trust’s stock worth $3,365,000 after buying an additional 245 shares during the last quarter. Commerce Bank raised its stake in shares of American Campus Communities by 2.5% in the first quarter. Commerce Bank now owns 10,434 shares of the real estate investment trust’s stock worth $496,000 after buying an additional 255 shares during the period. Finally, World Asset Management Inc raised its stake in shares of American Campus Communities by 2.8% in the first quarter. World Asset Management Inc now owns 10,148 shares of the real estate investment trust’s stock worth $483,000 after buying an additional 275 shares during the period.

Shares of American Campus Communities Inc (NYSE:ACC) opened at 47.98 on Tuesday. The stock’s 50 day moving average price is $47.40 and its 200-day moving average price is $48.23. American Campus Communities Inc has a 52 week low of $44.65 and a 52 week high of $54.56. The stock has a market cap of $6.43 billion, a price-to-earnings ratio of 73.70 and a beta of 0.25.

American Campus Communities (NYSE:ACC) last announced its quarterly earnings results on Monday, April 24th. The real estate investment trust reported $0.62 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.62. The business had revenue of $192.90 million for the quarter, compared to analysts’ expectations of $183.61 million. American Campus Communities had a return on equity of 2.53% and a net margin of 11.23%. The business’s quarterly revenue was down 3.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.62 EPS. Equities analysts anticipate that American Campus Communities Inc will post $0.85 earnings per share for the current fiscal year.

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A number of research firms recently weighed in on ACC. Evercore ISI raised shares of American Campus Communities from an “underperform” rating to an “in-line” rating and raised their target price for the company 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 research report on Saturday, June 17th. Zacks Investment Research upgraded American Campus Communities from a “hold” rating to a “buy” rating and set a $54.00 price target for the company in a research report on Wednesday, June 28th. FBR & Co reiterated a “buy” rating on shares of American Campus Communities in a research report on Friday, May 19th. Finally, JMP Securities upgraded American Campus Communities from a “market perform” rating to an “outperform” rating and set a $55.00 target price for the company in a research report on Monday, July 10th. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. American Campus Communities has a consensus rating of “Hold” and an average target price of $52.25.

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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