State Treasurer State of Michigan reduced its position in American Campus Communities Inc (NYSE:ACC) by 7.2% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 51,300 shares of the real estate investment trust’s stock after selling 4,000 shares during the period. State Treasurer State of Michigan’s holdings in American Campus Communities were worth $2,265,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ACC. Daiwa Securities Group Inc. increased its stake in shares of American Campus Communities by 47.3% in the 2nd quarter. Daiwa Securities Group Inc. now owns 4,798,215 shares of the real estate investment trust’s stock valued at $226,955,000 after buying an additional 1,541,548 shares during the period. Brookfield Asset Management Inc. increased its stake in shares of American Campus Communities by 51.0% in the 2nd quarter. Brookfield Asset Management Inc. now owns 3,441,220 shares of the real estate investment trust’s stock valued at $162,770,000 after buying an additional 1,162,350 shares during the period. Diamond Hill Capital Management Inc. acquired a new stake in shares of American Campus Communities in the 3rd quarter valued at $48,216,000. Presima Inc. increased its stake in shares of American Campus Communities by 79.7% in the 2nd quarter. Presima Inc. now owns 1,059,700 shares of the real estate investment trust’s stock valued at $50,124,000 after buying an additional 470,000 shares during the period. Finally, BlackRock Inc. increased its stake in shares of American Campus Communities by 2.7% in the 2nd quarter. BlackRock Inc. now owns 15,807,560 shares of the real estate investment trust’s stock valued at $747,699,000 after buying an additional 420,488 shares during the period.

TRADEMARK VIOLATION NOTICE: “State Treasurer State of Michigan Lowers Stake in American Campus Communities Inc (ACC)” was first published by Watch List News and is owned by of Watch List News. If you are accessing this piece on another domain, it was illegally stolen and reposted in violation of United States & international trademark & copyright laws. The original version of this piece can be accessed at https://www.watchlistnews.com/state-treasurer-state-of-michigan-lowers-stake-in-american-campus-communities-inc-acc/1675243.html.

Several equities research analysts have recently commented on the company. BidaskClub raised American Campus Communities from a “hold” rating to a “buy” rating in a research note on Tuesday, July 25th. Canaccord Genuity reissued a “buy” rating and issued a $56.00 target price on shares of American Campus Communities in a research note on Monday, July 24th. Zacks Investment Research raised American Campus Communities from a “sell” rating to a “hold” rating in a research note on Friday, July 21st. TheStreet cut American Campus Communities from a “b” rating to a “c+” rating in a research note on Monday, July 24th. Finally, KeyCorp reissued a “buy” rating and issued a $56.00 target price on shares of American Campus Communities in a research note on Friday, August 25th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $51.75.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 27th. Investors of record on Monday, November 13th will be issued a $0.44 dividend. The ex-dividend date of this dividend is Friday, November 10th. This represents a $1.76 dividend on an annualized basis and a yield of 4.22%. American Campus Communities’s payout ratio is 429.28%.

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)

Receive News & Ratings for American Campus Communities Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Campus Communities Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.