The Toronto Dominion Bank has reduced its stake in the shares of American Campus Communities, Inc. (NYSE: ACC – Get a rating) by 11.1% in the first quarter, according to its latest 13F filing with the Securities and Exchange Commission (SEC). The fund held 14,695 shares of the real estate investment trust after selling 1,834 shares during the quarter. The Toronto Dominion Bank’s holdings in American Campus Communities were worth $822,000 when it last filed with the SEC.
A number of other hedge funds have also recently changed their positions in the stock. JPMorgan Chase & Co. increased its stake in American Campus Communities shares by 16.3% during the 4th quarter. JPMorgan Chase & Co. now owns 6,909,844 shares of the real estate investment trust worth $395,865,000 after buying an additional 968,064 shares in the last quarter. State Street Corp increased its stake in American Campus Communities by 6.6% in the fourth quarter. State Street Corp now owns 6,715,790 shares of the real estate investment trust valued at $384,748,000 after buying an additional 415,163 shares in the last quarter. Norges Bank purchased a new stake in American Campus Communities in the fourth quarter worth approximately $345,969,000. Geode Capital Management LLC increased its stake in American Campus Communities by 2.3% in the fourth quarter. Geode Capital Management LLC now owns 2,087,076 shares of the real estate investment trust worth $119,568,000 after purchasing an additional 46,071 shares in the last quarter. Finally, Cbre Investment Management Listed Real Assets LLC increased its stake in American Campus Communities by 17.1% in the first quarter. Cbre Investment Management Listed Real Assets LLC now owns 1,920,092 shares of the real estate investment trust worth $107,468,000 after purchasing an additional 279,806 shares in the last quarter. 97.27% of the shares are currently held by hedge funds and other institutional investors.
A Wall Street analyst gives his opinion
ACC has been the subject of a number of reports by research analysts. Argus took America’s academic communities from a “buy” rating to a “hold” rating in a Wednesday, April 27 research note. StockNews.com began coverage of US academic communities in a research note on Friday. They issued a “sell” rating for the company. Finally, Capital One Financial downgraded American Campus Communities from an “overweight” rating to an “equal weight” rating and set a price target of $65.47 for the stock. in a report on Tuesday, April 26. One investment analyst gave the stock a sell rating, five gave the company a hold rating and one gave the company a buy rating. According to MarketBeat, American Campus Communities has a consensus rating of “Hold” and a consensus target price of $61.59.
Insider buying and selling
In related news, CEO William C. Bayless, Jr. sold 24,998 shares of the company in a trade dated Wednesday, June 1. The stock was sold at an average price of $64.98, for a total transaction of $1,624,370.04. As a result of the sale, the CEO now directly owns 314,566 shares of the company, valued at $20,440,498.68. The transaction was disclosed in a document filed with the SEC, accessible via this hyperlink. 0.92% of the shares are held by insiders.
US campus communities source 0.1%
Shares of Stock VAC opened at $65.42 on Friday. The stock’s 50-day simple moving average is $64.95 and its 200-day simple moving average is $60.69. The company has a debt ratio of 1.06, a quick ratio of 2.18 and a current ratio of 1.02. The company has a market capitalization of $9.12 billion, a PE ratio of 130.84 and a beta of 0.75. American Campus Communities, Inc. has a fifty-two week minimum of $48.01 and a fifty-two week maximum of $65.46.
Corporate Profile of US Campus Communities
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, self-managed real estate investment trust (REIT) with expertise in the design, financing, development, construction management and operational management of student housing.
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