Sand Hill Global Advisors LLC decreased its stake in shares of American Campus Communities Inc (NYSE:ACC) by 33.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,800 shares of the real estate investment trust’s stock after selling 4,329 shares during the period. Sand Hill Global Advisors LLC’s holdings in American Campus Communities were worth $389,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of ACC. CIBC Asset Management Inc acquired a new position in American Campus Communities during the 3rd quarter worth about $202,000. Raymond James Trust N.A. lifted its position in American Campus Communities by 6.6% during the 2nd quarter. Raymond James Trust N.A. now owns 4,567 shares of the real estate investment trust’s stock worth $216,000 after buying an additional 283 shares in the last quarter. Cipher Capital LP acquired a new position in American Campus Communities during the 3rd quarter valued at about $244,000. Garner Asset Management Corp acquired a new position in American Campus Communities during the 2nd quarter valued at about $247,000. Finally, Bridgewater Wealth & Financial Management LLC lifted its position in American Campus Communities by 1.3% during the 2nd quarter. Bridgewater Wealth & Financial Management LLC now owns 5,813 shares of the real estate investment trust’s stock valued at $275,000 after purchasing an additional 75 shares during the period.

Shares of American Campus Communities Inc (NYSE ACC) opened at $42.99 on Friday. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.72 and a quick ratio of 0.72. The company has a market capitalization of $5,856.79, a PE ratio of 19.25, a PEG ratio of 14.20 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 business also recently declared a quarterly dividend, which was paid on Monday, November 27th. Stockholders of record on Monday, November 13th were paid a $0.44 dividend. The ex-dividend date of this dividend was Friday, November 10th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 4.09%. American Campus Communities’s dividend payout ratio (DPR) is presently 429.28%.

A number of research firms have issued reports on ACC. B. Riley set a $56.00 target price on shares of American Campus Communities and gave the company a “buy” rating in a research report on Tuesday, November 14th. 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 report on Tuesday, October 31st. 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. Citigroup restated a “neutral” rating on shares of American Campus Communities in a research report on Friday, October 27th. Finally, Argus upgraded shares of American Campus Communities from a “hold” rating to a “buy” rating in a research report on Thursday, October 26th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $52.22.

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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.

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

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