William C. Bayless, Jr. Sells 20,000 Shares of American Campus Communities, Inc. (NYSE:ACC) Stock

American Campus Communities, Inc. (NYSE:ACC – Get Rating) CEO William C. Bayless, Jr. sold 20,000 shares of American Campus Communities stock in a transaction that occurred on Monday, May 2nd. The stock was sold at an average price of $64.64, for a total value of $1,292,800.00. Following the transaction, the chief executive officer now owns 346,565 shares of the company’s stock, valued at $22,401,961.60. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

NYSE:ACC traded down $0.06 during trading hours on Wednesday, reaching $64.69. The stock had a trading volume of 61,887 shares, compared to its average volume of 5,603,023. American Campus Communities, Inc. has a 12-month low of $44.98 and a 12-month high of $65.02. The stock has a 50 day simple moving average of $57.53 and a 200 day simple moving average of $54.87. The company has a debt-to-equity ratio of 1.08, a quick ratio of 1.60 and a current ratio of 2.18. The stock has a market cap of $9.02 billion, a P/E ratio of 161.88 and a beta of 0.82.

American Campus Communities (NYSE:ACC – Get Rating) last posted its quarterly earnings results on Monday, April 25th. The real estate investment trust reported $0.27 EPS for the quarter, missing the Zacks’ consensus estimate of $0.70 by ($0.43). American Campus Communities had a return on equity of 1.81% and a net margin of 6.00%. The company had revenue of $273.75 million during the quarter, compared to the consensus estimate of $255.17 million. During the same period in the previous year, the business earned $0.57 earnings per share. American Campus Communities’s revenue was up 17.6% on a year-over-year basis. On average, equities analysts expect that American Campus Communities, Inc. will post 2.47 earnings per share for the current fiscal year.

Large investors have recently bought and sold shares of the stock. National Bank of Canada FI bought a new stake in American Campus Communities during the fourth quarter valued at $2,658,000. DekaBank Deutsche Girozentrale lifted its stake in American Campus Communities by 689.6% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 31,704 shares of the real estate investment trust’s stock worth $1,791,000 after purchasing an additional 27,689 shares during the last quarter. Davis Selected Advisers lifted its stake in American Campus Communities by 16.6% during the third quarter. Davis Selected Advisers now owns 386,245 shares of the real estate investment trust’s stock worth $18,714,000 after purchasing an additional 54,930 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its stake in American Campus Communities by 4.8% during the fourth quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 57,453 shares of the real estate investment trust’s stock worth $3,255,000 after purchasing an additional 2,647 shares during the last quarter. Finally, Mutual of America Capital Management LLC increased its holdings in shares of American Campus Communities by 1.9% in the third quarter. Mutual of America Capital Management LLC now owns 141,242 shares of the real estate investment trust’s stock worth $6,843,000 after buying an additional 2,594 shares during the period. 97.27% of the stock is owned by institutional investors.

Several analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft reduced their price target on American Campus Communities from $60.00 to $58.00 and set a “hold” rating for the company in a research note on Thursday, March 24th. StockNews.com raised American Campus Communities from a “sell” rating to a “hold” rating in a report on Wednesday. Citigroup cut American Campus Communities from a “buy” rating to a “neutral” rating in a report on Wednesday, April 20th. Argus cut American Campus Communities from a “buy” rating to a “hold” rating in a report on Wednesday, April 27th. Finally, Piper Sandler cut American Campus Communities from an “overweight” rating to a “neutral” rating and increased their price target for the company from $65.00 to $65.50 in a research note on Wednesday, April 20th. Eight investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $58.25.

About American Campus Communities (Get Rating)

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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