Sei Investments Co. grew its stake in American Campus Communities, Inc. (NYSE:ACC) by 3.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 575,472 shares of the real estate investment trust’s stock after acquiring an additional 16,494 shares during the quarter. Sei Investments Co.’s holdings in American Campus Communities were worth $23,177,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in ACC. Janus Henderson Group PLC purchased a new position in shares of American Campus Communities in the 2nd quarter valued at $6,685,000. The Manufacturers Life Insurance Company increased its holdings in shares of American Campus Communities by 2.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 196,714 shares of the real estate investment trust’s stock valued at $9,304,000 after acquiring an additional 4,414 shares during the period. Verition Fund Management LLC purchased a new position in shares of American Campus Communities in the 2nd quarter valued at $282,000. Diamond Hill Capital Management Inc. acquired a new stake in shares of American Campus Communities in the 3rd quarter worth $48,216,000. Finally, Aperio Group LLC boosted its position in shares of American Campus Communities by 4.2% in the 3rd quarter. Aperio Group LLC now owns 36,116 shares of the real estate investment trust’s stock worth $1,595,000 after purchasing an additional 1,455 shares in the last quarter.
Shares of American Campus Communities, Inc. (ACC) opened at $36.77 on Friday. American Campus Communities, Inc. has a 52-week low of $34.52 and a 52-week high of $51.70. 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 company has a market capitalization of $5,016.38, a PE ratio of 89.69, a price-to-earnings-growth ratio of 11.65 and a beta of 0.20.
The company also recently declared a quarterly dividend, which was paid on Friday, February 16th. Shareholders of record on Friday, February 2nd were given a dividend of $0.44 per share. The ex-dividend date was Thursday, February 1st. This represents a $1.76 dividend on an annualized basis and a yield of 4.79%. American Campus Communities’s dividend payout ratio is currently 429.28%.
ACC has been the subject of a number of recent analyst reports. KeyCorp reissued an “overweight” rating and issued a $47.00 price objective (down previously from $56.00) on shares of American Campus Communities in a research report on Wednesday, December 20th. Sandler O’Neill raised American Campus Communities from a “hold” rating to a “buy” rating and set a $45.00 price objective for the company in a research report on Friday, January 12th. B. Riley set a $56.00 price objective on American Campus Communities and gave the stock a “buy” rating in a research report on Tuesday, November 14th. FBR & Co reissued a “buy” rating and issued a $56.00 price objective on shares of American Campus Communities in a research report on Tuesday, October 24th. Finally, Bank of America cut American Campus Communities from a “buy” rating to a “neutral” rating and set a $45.00 price objective for the company. in a research report on Thursday, October 26th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have issued a buy rating to the company’s stock. American Campus Communities presently has an average rating of “Buy” and a consensus target price of $49.50.
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American Campus Communities 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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