Shares last traded at $43.46 marginally under the 50 day moving average of $45.95 and slightly below the 200 day moving average of $47.08. The 50 day moving average was down $-2.49 or -5.42% and the 200 day average went down $-3.62 or -7.70%. 7,453 shares changed hands on Tuesday. Shares saw a steep decrease in trading volume of 99.36% under the normal average daily volume.
Short traders are more bullish on American Campus Communities Inc at least if you consider the motion in short interest. The company saw a fall in short interest of -9.75% as of September 29, 2017 from the last reporting period. Short shares fell from 1,794,358 to 1,619,485 over that timeframe. Days to cover decreased -2.0 to 2.0 and the percentage of shorted shares is 0.01% as of September 29.
Additionally, here are a few investment firms who have increased or decreased their stake in (ACC). Mutual Of America Capital Management LLC added to its position by buying 924 shares an increase of 0.8% from 06/30/2017 to 09/30/2017. Mutual Of America Capital Management LLC controls 110,453 shares valued at $4,876,000. The total value of its holdings decreased 5.9%. Oakbrook Investments LLC expanded its investment by buying 200 shares an increase of 3.6%. Oakbrook Investments LLC now holds 5,809 shares with a value of $256,000. The value of the position overall is down by 3.4%.
As of quarter end Spirit Of America Management Corp/ny had sold a total of 1,100 shares trimming its stake by 9.3%. The value of the total investment in American Campus Communities Inc went from $561,000 to $475,000 decreasing 15.3% quarter to quarter. As of the end of the quarter State Treasurer State Of Michigan had disposed of 4,000 shares trimming its holdings by 7.2%. The value in dollars decreased from $2,616,000 to $2,265,000 a change of 13.4% for the reporting period.
On July 10 the stock rating was upgraded to “Market Outperform” from “Market Perform” in a report issued by JMP Securities. On August 11, 2017 the stock rating was set at “Neutral” by Hilliard Lyons a boost from the previous “Underperform” rating.
The company is so far trading unchanged by %% since yesterday’s close of 43.46. Additionally American Campus Communities Inc announced a dividend for shareholders which was paid on Friday the 25th of August 2017. The dividend was $0.440 per share for the quarter which is $1.76 annualized. This dividend represents a yield of $4.02. The ex-dividend date was Thursday the 10th of August 2017.
The P/E ratio is 89.79 and market capitalization is 5.93B. As of the last earnings report the EPS was $0.48 and is expected to be $0.63 for the current year with 136,426,000 shares outstanding. Next quarter’s EPS is estimated at $0.32 and the next full year EPS is anticipated to be $0.81.
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..