Great West Life Assurance Co. Can Acquires 7,591 Shares of American Campus Communities, Inc. (ACC)

Share on StockTwits

Great West Life Assurance Co. Can raised its stake in American Campus Communities, Inc. (NYSE:ACC) by 5.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 155,233 shares of the real estate investment trust’s stock after buying an additional 7,591 shares during the quarter. Great West Life Assurance Co. Can owned about 0.11% of American Campus Communities worth $5,996,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Verition Fund Management LLC acquired a new stake in shares of American Campus Communities in the fourth quarter valued at approximately $205,000. Ladenburg Thalmann Financial Services Inc. raised its holdings in shares of American Campus Communities by 36.1% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 5,475 shares of the real estate investment trust’s stock valued at $224,000 after purchasing an additional 1,453 shares during the last quarter. Kayne Anderson Capital Advisors LP acquired a new stake in shares of American Campus Communities in the fourth quarter valued at approximately $234,000. Vident Investment Advisory LLC acquired a new stake in shares of American Campus Communities in the fourth quarter valued at approximately $279,000. Finally, Wolverine Asset Management LLC acquired a new stake in shares of American Campus Communities in the fourth quarter valued at approximately $336,000. 97.85% of the stock is currently owned by hedge funds and other institutional investors.

Shares of American Campus Communities opened at $43.08 on Friday, according to MarketBeat.com. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.77 and a current ratio of 1.77. American Campus Communities, Inc. has a 1-year low of $34.52 and a 1-year high of $49.26. The firm has a market cap of $5.85 billion, a P/E ratio of 18.65, a PEG ratio of 13.97 and a beta of 0.22.

In other American Campus Communities news, President James Clarence Hopke, Jr. sold 8,000 shares of American Campus Communities stock in a transaction on Thursday, June 14th. The shares were sold at an average price of $43.30, for a total transaction of $346,400.00. Following the completion of the transaction, the president now directly owns 69,794 shares of the company’s stock, valued at $3,022,080.20. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.67% of the company’s stock.

A number of analysts have recently issued reports on ACC shares. Zacks Investment Research upgraded shares of American Campus Communities from a “sell” rating to a “hold” rating in a report on Monday, February 26th. Sandler O’Neill reiterated a “buy” rating and issued a $43.00 price objective on shares of American Campus Communities in a report on Monday, February 26th. Bank of America upgraded shares of American Campus Communities from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $43.00 to $46.50 in a report on Thursday, June 14th. ValuEngine downgraded shares of American Campus Communities from a “hold” rating to a “sell” rating in a report on Monday, May 14th. Finally, JPMorgan Chase & Co. restated an “underweight” rating and set a $41.00 target price (down from $45.00) on shares of American Campus Communities in a report on Friday, March 16th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and twelve have given a buy rating to the company’s stock. American Campus Communities presently has an average rating of “Buy” and an average price target of $47.21.

American Campus Communities Profile

American Campus Communities, Inc is the largest owner, manager and developer of high-quality student housing communities in the United States. The company is a fully integrated, self-managed and self-administered equity real estate investment trust (REIT) with expertise in the design, finance, development, construction management and operational management of student housing properties.

Institutional Ownership by Quarter for American Campus Communities (NYSE:ACC)

Receive News & Ratings for American Campus Communities Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Campus Communities and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply