Asset Management One Co. Ltd. cut its stake in American Campus Communities, Inc. (NYSE:ACC) by 8.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 341,580 shares of the real estate investment trust’s stock after selling 31,126 shares during the quarter. Asset Management One Co. Ltd. owned 0.25% of American Campus Communities worth $15,177,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of American Campus Communities by 0.3% in the 2nd quarter. Vanguard Group Inc. now owns 20,850,918 shares of the real estate investment trust’s stock valued at $986,248,000 after acquiring an additional 65,304 shares during the last quarter. BlackRock Inc. increased its stake in American Campus Communities by 2.7% during the 2nd quarter. BlackRock Inc. now owns 15,807,560 shares of the real estate investment trust’s stock worth $747,699,000 after purchasing an additional 420,488 shares in the last quarter. Capital Research Global Investors increased its stake in American Campus Communities by 1.4% during the 2nd quarter. Capital Research Global Investors now owns 6,166,800 shares of the real estate investment trust’s stock worth $291,690,000 after purchasing an additional 85,000 shares in the last quarter. State Street Corp increased its stake in American Campus Communities by 0.7% during the 2nd quarter. State Street Corp now owns 5,795,952 shares of the real estate investment trust’s stock worth $274,152,000 after purchasing an additional 41,332 shares in the last quarter. Finally, Lasalle Investment Management Securities LLC increased its stake in American Campus Communities by 5.4% during the 2nd quarter. Lasalle Investment Management Securities LLC now owns 4,395,546 shares of the real estate investment trust’s stock worth $207,909,000 after purchasing an additional 225,127 shares in the last quarter.

A number of analysts recently issued reports on ACC shares. Zacks Investment Research raised American Campus Communities from a “sell” rating to a “hold” rating in a research note on Monday, October 16th. B. Riley set a $56.00 target price on American Campus Communities and gave the stock a “buy” rating in a research note on Tuesday, November 14th. FBR & Co reissued a “buy” rating and set a $56.00 target price on shares of American Campus Communities in a research note on Tuesday, October 24th. Bank of America cut American Campus Communities from a “buy” rating to a “neutral” rating and set a $45.00 target price for the company. in a research note on Thursday, October 26th. Finally, J P Morgan Chase & Co cut American Campus Communities from a “neutral” rating to an “underweight” rating in a research note on Friday. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $52.22.

American Campus Communities, Inc. (NYSE:ACC) opened at $42.96 on Friday. The firm has a market cap of $5,874.52, a P/E ratio of 19.31, a PEG ratio of 14.25 and a beta of 0.27. American Campus Communities, Inc. has a 52 week low of $41.06 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 firm also recently declared a quarterly dividend, which was paid on Monday, November 27th. Stockholders of record on Monday, November 13th were paid a dividend of $0.44 per share. The ex-dividend date was Friday, November 10th. This represents a $1.76 annualized dividend and a dividend yield of 4.10%. American Campus Communities’s dividend payout ratio is currently 429.28%.

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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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Institutional Ownership by Quarter for American Campus Communities (NYSE:ACC)

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