American Campus Communities Inc (NYSE:ACC).
Cohen & Steers Inc says it increased its stake in American Campus Communities Inc stock by 20.2% in its quarterly SEC filing. Its investment was valued at $709,948,000 an increase of 12.2% as of the end of the quarter.
These firms have modified their investment in ACC. As of quarter end Westfield Capital Management CO LP had acquired 310,950 shares growing its position 79.8%. The value of the company’s investment in American Campus Communities Inc increased from $18,436,000 to $30,937,000 a change of 67.8% quarter to quarter. As of the end of the quarter Schwab Charles Investment Management Inc had bought a total of 108,957 shares growing its stake by 9.0%. The value of the investment in American Campus Communities Inc went from $57,304,000 to $58,298,000 a change of $994,000 quarter over quarter.
Capital Research Global Investors trimmed its ownership by shedding 71,221 shares a decrease of 1.2%. Capital Research Global Investors owns 6,095,579 shares with a value of $269,120,000. The value of the position overall is down by 7.7%.
Equity analyst Robert W. Baird lowered the price target on October 31 changing the price objective from $51.00 to $47.00 and issued a “Outperform” recommendation. On October 27, 2017 Citigroup kept a “Neutral” rating on the company.
October 24 investment analysts at FBR & Co left the stock rating at “Buy” targeting a price of $56.00. September 25 investment analysts at FBR & Co reiterated a “Buy” rating on the stock.
In the market the company is trading up by 0.17% percent from yesterday’s close. The P/E ratio is currently 103.80 and market capitalization is 5.72B. In the latest earnings report the EPS was $0.40 with 136.30M shares outstanding.
Investors are feeling more bearish on American Campus Communities Inc lately if you look at the motion in short interest. The firm recorded a rise in short interest of 37.40% as of October 31, 2017 from the last reporting period. Short shares grew 588,106 over that period. Days to cover decreased from 3.0 to 2.0 and the percentage of shorted shares was 0.02% on October 31.