Wells Fargo & Company MN increased its holdings in shares of American Campus Communities, Inc. (NYSE:ACC) by 7.5% in the fourth quarter, Holdings Channel reports. The institutional investor owned 3,787,255 shares of the real estate investment trust’s stock after purchasing an additional 264,122 shares during the quarter. Wells Fargo & Company MN’s holdings in American Campus Communities were worth $155,391,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. CIBC Asset Management Inc bought a new stake in shares of American Campus Communities during the third quarter worth approximately $202,000. Cipher Capital LP bought a new stake in shares of American Campus Communities during the third quarter worth approximately $244,000. Verition Fund Management LLC bought a new stake in shares of American Campus Communities during the second quarter worth approximately $282,000. CrestPoint Capital Management LLC bought a new stake in shares of American Campus Communities during the fourth quarter worth approximately $246,000. Finally, Jane Street Group LLC bought a new stake in shares of American Campus Communities during the third quarter worth approximately $347,000.
A number of equities research analysts recently weighed in on the stock. B. Riley reissued a “buy” rating on shares of American Campus Communities in a research note on Wednesday, November 1st. Zacks Investment Research raised shares of American Campus Communities from a “sell” rating to a “hold” rating in a research note on Monday, October 23rd. FBR & Co reissued a “buy” rating and set a $56.00 price target on shares of American Campus Communities in a research note on Tuesday, October 24th. Robert W. Baird dropped their price target on shares of American Campus Communities from $51.00 to $47.00 and set an “outperform” rating for the company in a research note on Tuesday, October 31st. Finally, Citigroup reissued a “neutral” rating on shares of American Campus Communities in a research note on Friday, October 27th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the company. American Campus Communities currently has a consensus rating of “Buy” and an average price target of $49.50.
The company also recently disclosed a quarterly dividend, which was paid on Friday, February 16th. Investors of record on Friday, February 2nd were issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 4.79%. The ex-dividend date was Thursday, February 1st. American Campus Communities’s dividend payout ratio is currently 429.28%.
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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.
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