Sterling Capital Management LLC Has $21,616,000 Stake in American Campus Communities Inc (ACC)

Sterling Capital Management LLC held its position in American Campus Communities Inc (NYSE:ACC) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 456,990 shares of the real estate investment trust’s stock at the end of the 2nd quarter. Sterling Capital Management LLC owned approximately 0.33% of American Campus Communities worth $21,616,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Raymond James Trust N.A. boosted its stake in American Campus Communities by 6.6% during the second quarter. Raymond James Trust N.A. now owns 4,567 shares of the real estate investment trust’s stock worth $216,000 after buying an additional 283 shares in the last quarter. Garner Asset Management Corp acquired a new stake in American Campus Communities during the second quarter worth $247,000. Bridgewater Wealth & Financial Management LLC boosted its stake in American Campus Communities by 1.3% during 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 in the last quarter. Stifel Financial Corp boosted its stake in American Campus Communities by 5.6% during 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 in the last quarter. Finally, Ramsey Quantitative Systems acquired a new stake in American Campus Communities during the second quarter worth $304,000.

Shares of American Campus Communities Inc (NYSE ACC) traded down 0.33% during midday trading on Friday, hitting $44.81. 238,791 shares of the stock traded hands. American Campus Communities Inc has a 1-year low of $43.98 and a 1-year high of $52.53. The company has a market capitalization of $6.11 billion, a P/E ratio of 92.58 and a beta of 0.26. The stock has a 50 day moving average of $46.63 and a 200 day moving average of $47.27.

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 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 analyst estimates of $169.50 million. American Campus Communities had a net margin of 8.59% and a return on equity of 1.90%. The business’s quarterly revenue was down 3.1% compared to the same quarter last year. During the same period last year, the business earned $0.54 earnings per share. Equities research analysts predict that American Campus Communities Inc will post $0.63 earnings per share for the current fiscal year.

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A number of research firms have weighed in on ACC. BidaskClub upgraded shares of American Campus Communities from a “hold” rating to a “buy” rating in a research note on Tuesday, July 25th. Canaccord Genuity restated a “buy” rating and issued a $56.00 target price on shares of American Campus Communities in a research note on Monday, July 24th. Zacks Investment Research upgraded shares of American Campus Communities from a “sell” rating to a “hold” rating in a research note on Friday, July 21st. Evercore ISI upgraded shares of American Campus Communities from an “underperform” rating to an “in-line” rating and boosted their target price for the company from $48.00 to $49.00 in a research note on Monday, June 19th. Finally, TheStreet downgraded shares of American Campus Communities from a “b” rating to a “c+” rating in a research note on Monday, July 24th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company’s stock. American Campus Communities currently has a consensus rating of “Buy” and a consensus price target of $53.67.

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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