American Campus Communities (ACC) : Globeflex Capital L P added new position in American Campus Communities during the most recent quarter end. The investment management firm now holds 42,222 shares of American Campus Communities which is valued at $2,182,455 , the company said in a statement filed on Aug 10, 2016 with the SEC.American Campus Communities makes up approximately 0.56% of Globeflex Capital L P’s portfolio.
Other Hedge Funds, Including , Blackrock Institutional Trust Company N.a. boosted its stake in ACC in the latest quarter, The investment management firm added 135,891 additional shares and now holds a total of 5,554,093 shares of American Campus Communities which is valued at $287,091,067. American Campus Communities makes up approx 0.04% of Blackrock Institutional Trust Company N.a.’s portfolio.Ubs Asset Management Americas Inc boosted its stake in ACC in the latest quarter, The investment management firm added 8,541 additional shares and now holds a total of 221,304 shares of American Campus Communities which is valued at $11,344,043. American Campus Communities makes up approx 0.01% of Ubs Asset Management Americas Inc’s portfolio.Ftb Advisors reduced its stake in ACC by selling 148 shares or 27.61% in the most recent quarter. The Hedge Fund company now holds 388 shares of ACC which is valued at $20,979.Artemis Investment Management Llp boosted its stake in ACC in the latest quarter, The investment management firm added 10,700 additional shares and now holds a total of 41,782 shares of American Campus Communities which is valued at $2,178,096. American Campus Communities makes up approx 0.06% of Artemis Investment Management Llp’s portfolio.
American Campus Communities closed down -0.18 points or -0.36% at $50.38 with 5,38,614 shares getting traded on Friday. Post opening the session at $50.48, the shares hit an intraday low of $50.11 and an intraday high of $50.62 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
On the company’s financial health, American Campus Communities reported $0.54 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jul 25, 2016. Analyst had a consensus of $0.53. The company had revenue of $186.00 million for the quarter, compared to analysts expectations of $183.56 million. The company’s revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.57 EPS.
Many Wall Street Analysts have commented on American Campus Communities. American Campus Communities was Downgraded by JMP Securities to ” Mkt Perform” on Jul 18, 2016. Company shares were Reiterated by Canaccord Genuity on Jul 11, 2016 to “Buy”, Firm has raised the Price Target to $ 56 from a previous price target of $49 .FBR Capital Initiated American Campus Communities on Jun 23, 2016 to “Outperform”, Price Target of the shares are set at $54.
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.