American Campus Communities (ACC) : Btr Capital Management Inc has sold out all of its stake in American Campus Communities during the most recent quarter, according to the disclosure filed by the company on Oct 14, 2016 with the SEC. The investment management company has sold out 3,800 shares of American Campus Communities which is valued at $187,226.
Other Hedge Funds, Including , Duff Phelps Investment Management Co boosted its stake in ACC in the latest quarter, The investment management firm added 98,088 additional shares and now holds a total of 672,973 shares of American Campus Communities which is valued at $33,157,380. American Campus Communities makes up approx 0.48% of Duff Phelps Investment Management Co’s portfolio.Capstone Asset Management Co reduced its stake in ACC by selling 170 shares or 1.45% in the most recent quarter. The Hedge Fund company now holds 11,592 shares of ACC which is valued at $545,520. American Campus Communities makes up approx 0.02% of Capstone Asset Management Co’s portfolio.Gofen Glossberg Il reduced its stake in ACC by selling 1,747 shares or 2.44% in the most recent quarter. The Hedge Fund company now holds 69,837 shares of ACC which is valued at $3,368,239. American Campus Communities makes up approx 0.14% of Gofen Glossberg Il’s portfolio.
American Campus Communities closed down -0.02 points or -0.04% at $49.27 with 6,90,289 shares getting traded on Friday. Post opening the session at $49.12, the shares hit an intraday low of $48.79 and an intraday high of $49.54 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 Initiated by CapitalOne to “Equal Weight” on Sep 23, 2016. American Campus Communities was Downgraded by JMP Securities to ” Mkt Perform” on Jul 18, 2016.
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.