American Campus Communities (ACC) : Pensionfund Sabic reduced its stake in American Campus Communities by 67.24% during the most recent quarter end. The investment management company now holds a total of 9,500 shares of American Campus Communities which is valued at $438,995 after selling 19,500 shares in American Campus Communities according to a report filed by the company on Apr 4, 2016 with the SEC.American Campus Communities makes up approximately 0.13% of Pensionfund Sabic’s portfolio.
Other Hedge Funds, Including , Pensionfund Dsm Netherlands reduced its stake in ACC by selling 58,500 shares or 73.13% in the most recent quarter. The Hedge Fund company now holds 21,500 shares of ACC which is valued at $993,515. American Campus Communities makes up approx 0.14% of Pensionfund Dsm Netherlands’s portfolio.
On the company’s financial health, American Campus Communities reported $0.43 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Oct 26, 2015. Analyst had a consensus of $0.42. The company had revenue of $180.80 million for the quarter, compared to analysts expectations of $178.03 million. The company’s revenue was down -.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.44 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 closed down -0.43 points or -0.92% at $46.21 with 9,86,579 shares getting traded on Monday. Post opening the session at $46.69, the shares hit an intraday low of $46.18 and an intraday high of $46.82 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
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.