Company shares are trading at $41.58 just below the 50 day moving average of $44.93 and much lower than the 200 day moving average of $46.83. The 50 day moving average was down $-3.35 or -7.47% and the 200 day average went down by -11.21%. American Campus Communities Inc shares had a trading volume of 644K by the end of trading on Tuesday. Overall, volume was down 22.66% under the stocks normal daily volume.
Investors are more bullish on shares of American Campus Communities Inc recently if you put credence in the motion in short interest. The stock had a fall in short interest of -2.89% as of October 13, 2017 from the last reporting period. Short interest fell from 1,619,485 to 1,572,630 over that timeframe. Days to cover increased from 2.0 to 3.0 and the percentage of shorted shares was 0.01% on October 13.
These firms have modified their investment in ACC. As of the end of the quarter Duff & Phelps Investment Management Co had sold 83,100 shares trimming its stake by 9.1%. The value of the investment in American Campus Communities Inc went from $42,983,000 to $36,452,000 decreasing 15.2% for the reporting period. As of quarter end Sumitomo Mitsui Asset Management Company, Ltd had disposed of a total of 53,456 shares trimming its position 63.3%. The value of the company’s investment in American Campus Communities Inc decreased from $3,994,000 to $1,368,000 a change of $2,626,000 quarter to quarter.
Aperio Group, LLC bolstered its investment by buying 1,455 shares an increase of 4.2% in the quarter. Aperio Group, LLC currently owns 36,116 shares worth $1,595,000. The total value of its holdings decreased 2.7%. Simplex Trading, LLC divested its ownership by selling 105 shares a decrease of 12.3% from 06/30/2017 to 09/30/2017. Simplex Trading, LLC controls 746 shares with a value of $32,000. The value of the position overall is down by 20.0%.
On August 11, 2017 the stock rating was set at “Neutral” according to a Hilliard Lyons report up from the previous “Underperform” rating.
In the market the company is trading up since yesterday’s close of $41.58. American Campus Communities Inc also announced a dividend paid on Friday the 25th of August 2017. The dividend was $0.440 per share for the quarter which is $1.76 annualized. The dividend yield was $4.25. The ex-dividend date was set for Thursday the 10th of August 2017.
The company’s P/E ratio is 85.91 and the market cap of the company is 5.67B. As of the latest earnings report the EPS was $0.48 and is estimated to be $0.64 for the current year with 136,426,000 shares presently outstanding. Next quarter’s EPS is forecasted to be $0.27 with next year’s EPS projected to be $0.70.
American Campus Communities, Inc. (ACC), launched on March 9, 2004, is a self-managed and self-administered equity real estate investment trust (REIT). The Company holds interest in American Campus Communities Operating Partnership L.P. Its segments include Wholly-Owned Properties, On-Campus Participating Properties, Development Services, and Property Management Services. The Company is involved in the acquisition, design, financing, development, construction management, leasing and management of student housing properties. As of December 31, 2016, the Business’s property portfolio contained 154 properties with approximately 95,200 beds. As of December 31, 2016, the Business’s property portfolio consisted of 121 owned off-campus student housing properties that are in close proximity to colleges and universities, 28 American Campus Equity (ACE) properties operated under ground/facility leases with 13 university systems and five on-campus participating properties operated under ground/facility leases with the related university systems. Of the 154 properties, 14 were under development as of December 31, 2016..