AMP Capital Investors Ltd Sells 426,400 Shares of American Campus Communities Inc (ACC)

AMP Capital Investors Ltd reduced its position in American Campus Communities Inc (NYSE:ACC) by 33.0% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 865,428 shares of the real estate investment trust’s stock after selling 426,400 shares during the quarter. AMP Capital Investors Ltd owned about 0.63% of American Campus Communities worth $38,208,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. CIBC Asset Management Inc acquired a new position in shares of American Campus Communities during the 3rd quarter worth $202,000. Raymond James Trust N.A. grew its stake in shares of 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 purchasing an additional 283 shares during the period. Cipher Capital LP acquired a new position in shares of American Campus Communities during the 3rd quarter worth $244,000. Garner Asset Management Corp acquired a new position in shares of American Campus Communities during the 2nd quarter worth $247,000. Finally, Bridgewater Wealth & Financial Management LLC boosted its position in shares of American Campus Communities by 1.3% in the 2nd quarter. Bridgewater Wealth & Financial Management LLC now owns 5,813 shares of the real estate investment trust’s stock worth $275,000 after buying an additional 75 shares in the last quarter.

American Campus Communities Inc (NYSE:ACC) opened at $42.93 on Thursday. The stock has a market cap of $5,848.60, a PE ratio of 19.22, a price-to-earnings-growth ratio of 14.18 and a beta of 0.27. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.79. American Campus Communities Inc has a 1-year low of $41.06 and a 1-year high of $51.70.

The business also recently disclosed 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. This represents a $1.76 dividend on an annualized basis and a dividend yield of 4.10%. The ex-dividend date of this dividend was Friday, November 10th. American Campus Communities’s dividend payout ratio is currently 429.28%.

Several research firms recently commented on ACC. B. Riley reiterated a “buy” rating on shares of American Campus Communities in a research report on Wednesday, November 1st. Zacks Investment Research upgraded shares of American Campus Communities from a “sell” rating to a “hold” rating in a research report on Monday, October 23rd. FBR & Co reiterated a “buy” rating on shares of American Campus Communities in a research report on Monday, September 25th. Robert W. Baird decreased their price objective 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. Finally, Citigroup reiterated a “neutral” rating on shares of American Campus Communities in a research report on Friday, October 27th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the stock. American Campus Communities 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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