Daiwa Securities Group Inc. lessened its stake in American Campus Communities Inc (NYSE:ACC) by 1.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,739,554 shares of the real estate investment trust’s stock after selling 58,661 shares during the period. American Campus Communities comprises 1.4% of Daiwa Securities Group Inc.’s portfolio, making the stock its 24th biggest holding. Daiwa Securities Group Inc. owned approximately 3.47% of American Campus Communities worth $209,252,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also made changes to their positions in the company. Mondrian Investment Partners LTD increased its holdings in shares of American Campus Communities by 71.8% in the third quarter. Mondrian Investment Partners LTD now owns 51,065 shares of the real estate investment trust’s stock valued at $2,255,000 after purchasing an additional 21,348 shares in the last quarter. Stevens Capital Management LP acquired a new stake in shares of American Campus Communities in the third quarter valued at approximately $1,799,000. BT Investment Management Ltd grew its holdings in American Campus Communities by 15.3% during the 3rd quarter. BT Investment Management Ltd now owns 37,700 shares of the real estate investment trust’s stock worth $1,664,000 after acquiring an additional 5,000 shares during the period. Forsta AP Fonden grew its holdings in American Campus Communities by 66.7% during the 3rd quarter. Forsta AP Fonden now owns 59,500 shares of the real estate investment trust’s stock worth $2,627,000 after acquiring an additional 23,800 shares during the period. Finally, Channing Capital Management LLC acquired a new stake in American Campus Communities during the 3rd quarter worth $4,267,000.
Shares of American Campus Communities Inc (ACC) traded down $0.86 on Thursday, reaching $41.83. 605,000 shares of the company were exchanged, compared to its average volume of 666,675. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.72 and a current ratio of 0.72. The firm has a market cap of $5,824.05, a price-to-earnings ratio of 19.14, a P/E/G ratio of 14.13 and a beta of 0.27. American Campus Communities Inc has a twelve month low of $41.06 and a twelve month high of $51.70.
The company also recently declared a quarterly dividend, which will be paid on Monday, November 27th. Stockholders of record on Monday, November 13th will be issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 4.21%. The ex-dividend date is Friday, November 10th. American Campus Communities’s dividend payout ratio (DPR) is presently 429.28%.
A number of brokerages have recently weighed in on ACC. FBR & Co reissued a “buy” rating and set a $56.00 price target on shares of American Campus Communities in a research report on Tuesday, October 24th. KeyCorp reissued a “buy” rating and set a $56.00 price target on shares of American Campus Communities in a research report on Friday, August 25th. BidaskClub raised shares of American Campus Communities from a “hold” rating to a “buy” rating in a research report on Tuesday, July 25th. Canaccord Genuity reissued a “buy” rating and set a $56.00 price target on shares of American Campus Communities in a research report on Monday, July 24th. Finally, Argus raised shares of American Campus Communities from a “hold” rating to a “buy” rating in a research report on Thursday, October 26th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the stock. American Campus Communities presently has a consensus rating of “Buy” and a consensus price target of $52.22.
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American Campus Communities Company Profile
American Campus Communities, Inc is a self-managed and self-administered equity real estate investment trust (REIT). The Company’s segments include Wholly-Owned Properties, On-Campus Participating Properties, Development Services, and Property Management Services. It is engaged in the acquisition, design, financing, development, construction management, leasing and management of student housing properties.
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