American Campus Communities (ACC) : Duff Phelps Investment Management Co scooped up 98,088 additional shares in American Campus Communities during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 14, 2016. The investment management firm now holds a total of 672,973 shares of American Campus Communities which is valued at $33,157,380.American Campus Communities makes up approximately 0.48% of Duff Phelps Investment Management Co’s portfolio.
Other Hedge Funds, Including , Spirit Of America Management Corpny reduced its stake in ACC by selling 2,000 shares or 6.26% in the most recent quarter. The Hedge Fund company now holds 29,950 shares of ACC which is valued at $1,475,637. American Campus Communities makes up approx 0.20% of Spirit Of America Management Corpny’s portfolio.Community Bank N.a. boosted its stake in ACC in the latest quarter, The investment management firm added 590 additional shares and now holds a total of 690 shares of American Campus Communities which is valued at $34,010. American Campus Communities makes up approx 0.01% of Community Bank N.a.’s portfolio.Legal General Group Plc boosted its stake in ACC in the latest quarter, The investment management firm added 18,868 additional shares and now holds a total of 336,297 shares of American Campus Communities which is valued at $15,826,137. American Campus Communities makes up approx 0.02% of Legal General Group Plc’s portfolio.Fisher Asset Management reduced its stake in ACC by selling 3,000 shares or 13.2% in the most recent quarter. The Hedge Fund company now holds 19,725 shares of ACC which is valued at $951,337.
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.