Municipal Employees Retirement System of Michigan decreased its holdings in shares of American Campus Communities Inc (NYSE:ACC) by 20.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 41,260 shares of the real estate investment trust’s stock after selling 10,490 shares during the quarter. Municipal Employees Retirement System of Michigan’s holdings in American Campus Communities were worth $1,822,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. New York State Common Retirement Fund boosted its holdings in American Campus Communities by 10.2% during the third quarter. New York State Common Retirement Fund now owns 321,382 shares of the real estate investment trust’s stock worth $14,189,000 after purchasing an additional 29,782 shares during the last quarter. CIBC Asset Management Inc acquired a new position in American Campus Communities during the third quarter worth $202,000. Sei Investments Co. boosted its holdings in American Campus Communities by 39.3% during the third quarter. Sei Investments Co. now owns 558,978 shares of the real estate investment trust’s stock worth $25,681,000 after purchasing an additional 157,792 shares during the last quarter. Advantus Capital Management Inc boosted its holdings in American Campus Communities by 3.9% during the third quarter. Advantus Capital Management Inc now owns 221,049 shares of the real estate investment trust’s stock worth $9,760,000 after purchasing an additional 8,323 shares during the last quarter. Finally, Swiss National Bank boosted its holdings in American Campus Communities by 1.8% during the third quarter. Swiss National Bank now owns 224,252 shares of the real estate investment trust’s stock worth $9,901,000 after purchasing an additional 4,000 shares during the last quarter.

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Shares of American Campus Communities Inc (NYSE:ACC) opened at $41.83 on Thursday. The company has a market cap of $5,824.05, a price-to-earnings ratio of 19.14, a price-to-earnings-growth ratio of 14.13 and a beta of 0.27. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.72 and a quick ratio of 0.72. American Campus Communities Inc has a 12 month low of $41.06 and a 12 month high of $51.70.

The company also recently declared a quarterly dividend, which will be paid on Monday, November 27th. Shareholders of record on Monday, November 13th will be paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 4.21%. The ex-dividend date is Friday, November 10th. American Campus Communities’s dividend payout ratio is currently 429.28%.

Several brokerages recently commented on ACC. Citigroup Inc. restated a “neutral” rating on shares of American Campus Communities in a report on Friday, October 27th. FBR & Co restated a “buy” rating on shares of American Campus Communities in a report on Monday, September 25th. Zacks Investment Research upgraded shares of American Campus Communities from a “sell” rating to a “hold” rating in a report on Friday, July 21st. KeyCorp restated a “buy” rating and set a $56.00 target price on shares of American Campus Communities in a report on Friday, August 25th. Finally, Argus upgraded shares of American Campus Communities from a “hold” rating to a “buy” rating in a report on Thursday, October 26th. One research analyst has rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $52.22.

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

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