American Campus Communities (ACC) : Gw&k Investment Management scooped up 66,958 additional shares in American Campus Communities during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 19, 2016. The investment management firm now holds a total of 1,451,656 shares of American Campus Communities which is valued at $64,018,030.American Campus Communities makes up approximately 1.41% of Gw&k Investment Management’s portfolio.
American Campus Communities opened for trading at $43.96 and hit $44.47 on the upside on Friday, eventually ending the session at $44.1, with a gain of 0.59% or 0.26 points. The heightened volatility saw the trading volume jump to 8,87,609 shares. Company has a market cap of $5,746 M.
Other Hedge Funds, Including , Manning Napier Advisors sold out all of its stake in ACC during the most recent quarter. The investment firm sold 148,173 shares of ACC which is valued $6,698,901. Eqis Capital Management added ACC to its portfolio by purchasing 4,920 company shares during the most recent quarter which is valued at $227,353. American Campus Communities makes up approx 0.02% of Eqis Capital Management’s portfolio.
On the company’s financial health, American Campus Communities reported $0.62 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Apr 25, 2016. Analyst had a consensus of $0.63. The company had revenue of $200.00 million for the quarter, compared to analysts expectations of $197.81 million. The company’s revenue was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.67 EPS.
Many Wall Street Analysts have commented on American Campus Communities. Company shares were Reiterated by Argus on Mar 8, 2016 to “Buy”, Firm has raised the Price Target to $ 49 from a previous price target of $43 .Company shares were Reiterated by Canaccord Genuity on Feb 24, 2016 to “Buy”, Firm has raised the Price Target to $ 49 from a previous price target of $48 .Company shares were Upgraded by Canaccord Genuity on Feb 8, 2016 to ” Buy”, Firm has raised the Price Target to $ 48 from a previous price target of $43 .
American Campus Communities Inc. is a real estate investment trust (REIT). The Company holds an approximate 98.8% limited partnership interest in American Campus Communities Operating Partnership L.P. The Company owns manages and develops student housing properties in the United States in terms of beds owned and under management. It is a self-managed and self-administered equity REIT engaged in the acquisition design financing development construction management leasing and management of student housing properties. The Companys total owned and third-party managed portfolio includes approximately 204 properties with 130700 beds in 44300 units. Its property portfolio consists of approximately 145 owned off-campus student housing properties. It operates under four segments: Wholly-Owned Properties On-Campus Participating Properties Development Services and Property Management Services.