American Campus Communities, Inc. (ACC) Holdings Increased by American International Group Inc.
American International Group Inc. grew its stake in shares of American Campus Communities, Inc. (NYSE:ACC) by 1.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 282,223 shares of the real estate investment trust’s stock after buying an additional 3,122 shares during the quarter. American International Group Inc.’s holdings in American Campus Communities were worth $11,580,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently added to or reduced their stakes in the company. CIBC Asset Management Inc bought a new stake in shares of American Campus Communities during the 3rd quarter worth about $202,000. Cipher Capital LP acquired a new position in shares of American Campus Communities in the 3rd quarter worth approximately $244,000. CrestPoint Capital Management LLC acquired a new position in shares of American Campus Communities in the 4th quarter worth approximately $246,000. Jane Street Group LLC acquired a new position in shares of American Campus Communities in the 3rd quarter worth approximately $347,000. Finally, Stifel Financial Corp grew its stake in shares of American Campus Communities by 55.4% in the 3rd quarter. Stifel Financial Corp now owns 7,996 shares of the real estate investment trust’s stock worth $352,000 after purchasing an additional 2,850 shares during the last quarter.
Shares of American Campus Communities, Inc. (NYSE:ACC) opened at $37.66 on Friday. The company has a current ratio of 1.38, a quick ratio of 0.72 and a debt-to-equity ratio of 0.86. The company has a market cap of $5,140.00, a P/E ratio of 75.32, a P/E/G ratio of 11.65 and a beta of 0.20. American Campus Communities, Inc. has a fifty-two week low of $34.52 and a fifty-two week high of $51.70.
The business also recently declared a quarterly dividend, which was paid on Friday, February 16th. Investors of record on Friday, February 2nd were issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 4.67%. The ex-dividend date was Thursday, February 1st. American Campus Communities’s dividend payout ratio is currently 352.00%.
Several research firms have recently weighed in on ACC. B. Riley set a $56.00 target price on shares of American Campus Communities and gave the stock a “buy” rating in a research report on Thursday, December 7th. JPMorgan Chase & Co. downgraded shares of American Campus Communities from a “neutral” rating to an “underweight” rating and set a $45.00 target price on the stock. in a research report on Friday, December 15th. Zacks Investment Research downgraded shares of American Campus Communities from a “hold” rating to a “sell” rating in a research report on Monday, October 30th. Robert W. Baird dropped 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 report on Tuesday, October 31st. Finally, KeyCorp reissued an “overweight” rating and issued a $47.00 target price (down from $56.00) on shares of American Campus Communities in a research report on Wednesday, December 20th. Two analysts have rated the stock with a sell rating, three have given a hold rating and eleven have assigned a buy rating to the company. American Campus Communities has an average rating of “Buy” and a consensus price target of $48.73.
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About American Campus Communities
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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