American Campus Communities, Inc. (NYSE:ACC) Shares Sold by Northwestern Mutual Investment Management Company LLC

Northwestern Mutual Investment Management Company LLC reduced its position in American Campus Communities, Inc. (NYSE:ACC) by 5.9% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,379 shares of the real estate investment trust’s stock after selling 1,524 shares during the quarter. Northwestern Mutual Investment Management Company LLC’s holdings in American Campus Communities were worth $1,160,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Parallel Advisors LLC grew its stake in American Campus Communities by 97.5% in the first quarter. Parallel Advisors LLC now owns 630 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 311 shares during the last quarter. Pinnacle Bank acquired a new stake in shares of American Campus Communities during the fourth quarter worth about $31,000. Cutler Group LP lifted its holdings in shares of American Campus Communities by 476.2% during the fourth quarter. Cutler Group LP now owns 790 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 1,000 shares during the period. JOYN Advisors Inc. lifted its holdings in shares of American Campus Communities by 143.9% during the fourth quarter. JOYN Advisors Inc. now owns 912 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 538 shares during the period. Finally, Penserra Capital Management LLC acquired a new stake in shares of American Campus Communities during the first quarter worth about $59,000. Hedge funds and other institutional investors own 97.00% of the company’s stock.

Shares of ACC traded up $0.18 during trading hours on Friday, hitting $46.16. 1,155,500 shares of the stock were exchanged, compared to its average volume of 764,622. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.61 and a current ratio of 1.61. American Campus Communities, Inc. has a 12-month low of $38.40 and a 12-month high of $48.49. The firm has a market capitalization of $6.32 billion, a P/E ratio of 19.98 and a beta of 0.42. The stock has a 50-day moving average price of $46.65.

American Campus Communities (NYSE:ACC) last issued its quarterly earnings results on Monday, April 22nd. The real estate investment trust reported $0.69 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.65 by $0.04. American Campus Communities had a return on equity of 3.21% and a net margin of 13.39%. The firm had revenue of $242.10 million during the quarter, compared to analysts’ expectations of $226.72 million. During the same period in the previous year, the business earned $0.65 earnings per share. The firm’s revenue for the quarter was up 9.8% on a year-over-year basis. On average, equities analysts forecast that American Campus Communities, Inc. will post 2.42 earnings per share for the current year.

A number of research firms recently commented on ACC. Zacks Investment Research downgraded American Campus Communities from a “hold” rating to a “sell” rating in a report on Wednesday, April 10th. JMP Securities downgraded American Campus Communities from an “outperform” rating to a “market perform” rating in a research note on Wednesday, May 29th. KeyCorp upped their target price on American Campus Communities from $47.00 to $50.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 19th. Finally, ValuEngine downgraded American Campus Communities from a “buy” rating to a “hold” rating in a research note on Thursday. Seven investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $47.00.

American Campus Communities Company 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.

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

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