American Campus Communities Inc (ACC) Shares Bought by Schwab Charles Investment Management Inc.

Schwab Charles Investment Management Inc. raised its position in shares of American Campus Communities Inc (NYSE:ACC) by 9.0% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,320,445 shares of the real estate investment trust’s stock after acquiring an additional 108,957 shares during the quarter. Schwab Charles Investment Management Inc. owned approximately 0.97% of American Campus Communities worth $58,298,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. Wells Fargo & Company MN raised its holdings in shares of American Campus Communities by 11.8% during the third quarter. Wells Fargo & Company MN now owns 3,523,133 shares of the real estate investment trust’s stock valued at $155,547,000 after acquiring an additional 371,933 shares during the last quarter. Cadence Capital Management LLC increased its holdings in shares of American Campus Communities by 23.5% in the third quarter. Cadence Capital Management LLC now owns 11,278 shares of the real estate investment trust’s stock valued at $498,000 after purchasing an additional 2,144 shares during the last quarter. Citadel Advisors LLC increased its holdings in shares of American Campus Communities by 58.2% in the third quarter. Citadel Advisors LLC now owns 66,278 shares of the real estate investment trust’s stock valued at $2,926,000 after purchasing an additional 24,374 shares during the last quarter. Schroder Investment Management Group acquired a new stake in shares of American Campus Communities in the third quarter valued at approximately $729,000. Finally, Legal & General Group Plc increased its holdings in shares of American Campus Communities by 10.1% in the third quarter. Legal & General Group Plc now owns 487,525 shares of the real estate investment trust’s stock valued at $21,526,000 after purchasing an additional 44,732 shares during the last quarter.

Shares of American Campus Communities Inc (NYSE ACC) opened at $42.75 on Tuesday. 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 stock has a market capitalization of $5,839.05, a price-to-earnings ratio of 19.19, a price-to-earnings-growth ratio of 14.16 and a beta of 0.27. American Campus Communities Inc has a one year low of $41.06 and a one year high of $51.70.

The firm also recently announced a quarterly dividend, which was paid on Monday, November 27th. Shareholders of record on Monday, November 13th were paid a dividend of $0.44 per share. The ex-dividend date of this dividend was Friday, November 10th. This represents a $1.76 annualized dividend and a yield of 4.12%. American Campus Communities’s dividend payout ratio (DPR) is 429.28%.

Several equities research analysts recently commented on ACC shares. FBR & Co reaffirmed a “buy” rating and issued a $56.00 price target on shares of American Campus Communities in a report on Tuesday, October 24th. Hilliard Lyons raised American Campus Communities from an “underperform” rating to a “neutral” rating in a report on Friday, August 11th. Citigroup reaffirmed a “neutral” rating on shares of American Campus Communities in a report on Friday, October 27th. Argus raised American Campus Communities from a “hold” rating to a “buy” rating in a report on Thursday, October 26th. Finally, B. Riley set a $56.00 price target on American Campus Communities and gave the company a “buy” rating in a report on Tuesday, November 14th. One analyst has rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the company’s stock. The stock 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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Institutional Ownership by Quarter for American Campus Communities (NYSE:ACC)

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