State of Alaska Department of Revenue increased its holdings in shares of American Campus Communities, Inc. (NYSE:ACC) by 122.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 100,140 shares of the real estate investment trust’s stock after purchasing an additional 55,180 shares during the period. State of Alaska Department of Revenue owned 0.07% of American Campus Communities worth $4,108,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also made changes to their positions in the company. CIBC Asset Management Inc acquired a new position in American Campus Communities in the 3rd quarter worth $202,000. Garner Asset Management Corp acquired a new position in American Campus Communities in the 2nd quarter worth $247,000. Cipher Capital LP acquired a new position in American Campus Communities in the 3rd quarter worth $244,000. Verition Fund Management LLC acquired a new position in American Campus Communities in the 2nd quarter worth $282,000. Finally, CrestPoint Capital Management LLC acquired a new position in American Campus Communities in the 4th quarter worth $246,000.
A number of brokerages have commented on ACC. B. Riley reiterated a “buy” rating on shares of American Campus Communities in a report on Wednesday, November 1st. Zacks Investment Research upgraded shares of American Campus Communities from a “sell” rating to a “hold” rating in a report on Monday, October 23rd. Robert W. Baird cut their target price on shares of American Campus Communities from $51.00 to $47.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 31st. Bank of America lowered shares of American Campus Communities from a “buy” rating to a “neutral” rating and set a $45.00 target price on the stock. in a research note on Thursday, October 26th. Finally, Argus upgraded shares of American Campus Communities from a “hold” rating to a “buy” rating in a research note on Thursday, October 26th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $49.50.
Shares of American Campus Communities, Inc. (NYSE:ACC) traded down $0.31 during trading on Wednesday, hitting $35.65. 601,844 shares of the stock were exchanged, compared to its average volume of 916,524. The firm has a market cap of $4,896.35, a price-to-earnings ratio of 86.56, a PEG ratio of 11.37 and a beta of 0.20. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.79. American Campus Communities, Inc. has a 1-year low of $34.52 and a 1-year high of $51.70.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 16th. Investors of record on Friday, February 2nd will be paid a dividend of $0.44 per share. The ex-dividend date of this dividend is Thursday, February 1st. This represents a $1.76 annualized dividend and a yield of 4.94%. American Campus Communities’s dividend payout ratio (DPR) is 429.28%.
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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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