American Campus Communities, Inc. (NYSE:ACC) Stock Holdings Lowered by abrdn plc

abrdn plc lowered its position in shares of American Campus Communities, Inc. (NYSE:ACCGet Rating) by 21.8% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 30,572 shares of the real estate investment trust’s stock after selling 8,504 shares during the period. abrdn plc’s holdings in American Campus Communities were worth $1,734,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of ACC. Van ECK Associates Corp grew its position in shares of American Campus Communities by 66.9% during the fourth quarter. Van ECK Associates Corp now owns 10,725 shares of the real estate investment trust’s stock worth $614,000 after acquiring an additional 4,300 shares during the last quarter. State of Michigan Retirement System lifted its holdings in American Campus Communities by 1.1% in the fourth quarter. State of Michigan Retirement System now owns 35,248 shares of the real estate investment trust’s stock worth $2,019,000 after purchasing an additional 400 shares during the period. Commonwealth Equity Services LLC lifted its holdings in American Campus Communities by 1.8% in the fourth quarter. Commonwealth Equity Services LLC now owns 47,283 shares of the real estate investment trust’s stock worth $2,708,000 after purchasing an additional 858 shares during the period. State of New Jersey Common Pension Fund D lifted its holdings in American Campus Communities by 1.1% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 224,404 shares of the real estate investment trust’s stock worth $12,857,000 after purchasing an additional 2,444 shares during the period. Finally, Yousif Capital Management LLC acquired a new stake in American Campus Communities in the fourth quarter worth about $4,509,000. Institutional investors own 97.27% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on ACC shares. Piper Sandler downgraded shares of American Campus Communities from an “overweight” rating to a “neutral” rating and upped their price objective for the stock from $65.00 to $65.50 in a report on Wednesday, April 20th. Argus downgraded shares of American Campus Communities from a “buy” rating to a “hold” rating in a report on Wednesday, April 27th. Capital One Financial downgraded shares of American Campus Communities from an “overweight” rating to an “equal weight” rating and set a $65.47 price target for the company. in a report on Tuesday, April 26th. StockNews.com downgraded shares of American Campus Communities from a “hold” rating to a “sell” rating in a report on Friday, June 3rd. Finally, Citigroup downgraded shares of American Campus Communities from a “buy” rating to a “neutral” rating in a report on Wednesday, April 20th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $61.59.

Insider Buying and Selling at American Campus Communities

In other American Campus Communities news, CEO William C. Bayless, Jr. sold 24,998 shares of the company’s stock in a transaction dated Wednesday, June 1st. The shares were sold at an average price of $64.98, for a total transaction of $1,624,370.04. Following the completion of the sale, the chief executive officer now directly owns 314,566 shares of the company’s stock, valued at $20,440,498.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.92% of the company’s stock.

American Campus Communities Price Performance

ACC stock opened at $65.31 on Tuesday. The company has a current ratio of 1.02, a quick ratio of 2.18 and a debt-to-equity ratio of 1.06. American Campus Communities, Inc. has a one year low of $48.01 and a one year high of $65.39. The firm has a market capitalization of $9.11 billion, a PE ratio of 130.62 and a beta of 0.75. The firm has a 50-day moving average of $64.81 and a two-hundred day moving average of $59.56.

American Campus Communities Company Profile

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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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