BT Investment Management Ltd Grows Position in American Campus Communities, Inc. (ACC)

BT Investment Management Ltd increased its holdings in shares of American Campus Communities, Inc. (NYSE:ACC) by 79.8% during the 4th quarter, HoldingsChannel.com reports. The fund owned 67,800 shares of the real estate investment trust’s stock after buying an additional 30,100 shares during the period. BT Investment Management Ltd’s holdings in American Campus Communities were worth $2,782,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. CIBC Asset Management Inc acquired a new stake in American Campus Communities during the third quarter worth about $202,000. Cipher Capital LP acquired a new stake in American Campus Communities during the third quarter worth about $244,000. Verition Fund Management LLC acquired a new stake in American Campus Communities during the second quarter worth about $282,000. CrestPoint Capital Management LLC acquired a new stake in American Campus Communities during the fourth quarter worth about $246,000. Finally, Jane Street Group LLC acquired a new stake in American Campus Communities during the third quarter worth about $347,000.

American Campus Communities, Inc. (ACC) opened at $35.48 on Friday. American Campus Communities, Inc. has a 1 year low of $34.79 and a 1 year high of $51.70. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.79. The company has a market cap of $4,750.00, a PE ratio of 88.70, a price-to-earnings-growth ratio of 11.31 and a beta of 0.20.

The company also recently announced a quarterly dividend, which will be paid on Friday, February 16th. Shareholders of record on Friday, February 2nd will be given a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 4.96%. The ex-dividend date of this dividend is Thursday, February 1st. American Campus Communities’s dividend payout ratio (DPR) is 440.00%.

Several research firms recently weighed in on ACC. Sandler O’Neill upgraded shares of American Campus Communities from a “hold” rating to a “buy” rating and set a $45.00 price objective on the stock in a research note on Friday, January 12th. Zacks Investment Research lowered shares of American Campus Communities from a “hold” rating to a “sell” rating in a research note on Tuesday, January 2nd. B. Riley set a $50.00 target price on shares of American Campus Communities and gave the stock a “buy” rating in a research report on Tuesday, January 2nd. KeyCorp restated an “overweight” rating and issued a $47.00 target price (down previously from $56.00) on shares of American Campus Communities in a research report on Wednesday, December 20th. Finally, JPMorgan Chase & Co. cut shares of American Campus Communities from a “neutral” rating to an “underweight” rating and set a $45.00 target price for the company. in a research report on Friday, December 15th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have issued a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $49.50.

WARNING: “BT Investment Management Ltd Grows Position in American Campus Communities, Inc. (ACC)” was posted by Community Financial News and is the property of of Community Financial News. If you are reading this report on another domain, it was copied illegally and reposted in violation of United States & international copyright and trademark legislation. The original version of this report can be viewed at https://www.com-unik.info/2018/02/10/bt-investment-management-ltd-grows-position-in-american-campus-communities-inc-acc.html.

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.

Want to see what other hedge funds are holding ACC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Campus Communities, Inc. (NYSE:ACC).

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

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

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit