American Campus Communities Inc (NYSE:ACC) had its target price cut by Robert W. Baird from $51.00 to $47.00 in a research note released on Tuesday morning. They currently have an outperform rating on the real estate investment trust’s stock.
Other equities analysts have also recently issued research reports about the stock. FBR & Co reissued a buy rating on shares of American Campus Communities in a research report on Monday, September 25th. KeyCorp reissued a buy rating and set a $56.00 target price on shares of American Campus Communities in a research report on Friday, August 25th. BidaskClub raised shares of American Campus Communities from a hold rating to a buy rating in a research report on Tuesday, July 25th. Canaccord Genuity reissued a buy rating and set a $56.00 target price on shares of American Campus Communities in a research report on Monday, July 24th. Finally, Argus raised shares of American Campus Communities from a hold rating to a buy rating in a research report on Thursday, October 26th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the stock. The stock has a consensus rating of Buy and a consensus target price of $51.75.
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The business also recently declared a quarterly dividend, which will be paid on Monday, November 27th. Stockholders of record on Monday, November 13th will be paid a dividend of $0.44 per share. The ex-dividend date of this dividend is Friday, November 10th. This represents a $1.76 annualized dividend and a dividend yield of 4.22%. American Campus Communities’s payout ratio is currently 429.28%.
Several hedge funds have recently modified their holdings of the company. Oregon Public Employees Retirement Fund increased its stake in shares of American Campus Communities by 5.1% during the 3rd quarter. Oregon Public Employees Retirement Fund now owns 50,727 shares of the real estate investment trust’s stock worth $2,240,000 after purchasing an additional 2,471 shares during the last quarter. Pettee Investors Inc. purchased a new position in American Campus Communities in the 3rd quarter valued at approximately $593,000. Mondrian Investment Partners LTD grew its stake in American Campus Communities by 71.8% in the 3rd quarter. Mondrian Investment Partners LTD now owns 51,065 shares of the real estate investment trust’s stock valued at $2,255,000 after buying an additional 21,348 shares in the last quarter. Stevens Capital Management LP purchased a new position in American Campus Communities in the 3rd quarter valued at approximately $1,799,000. Finally, BT Investment Management Ltd grew its stake in American Campus Communities by 15.3% in the 3rd quarter. BT Investment Management Ltd now owns 37,700 shares of the real estate investment trust’s stock valued at $1,664,000 after buying an additional 5,000 shares in the last quarter.
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.
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