Jones Financial Companies Lllp acquired a new position in shares of American Campus Communities, Inc. (NYSE:ACC) during the 1st quarter, Holdings Channel.com reports. The firm acquired 1,032 shares of the real estate investment trust’s stock, valued at approximately $45,000.
A number of other institutional investors have also modified their holdings of the stock. BlackRock Inc. raised its stake in American Campus Communities by 2.3% during the 4th quarter. BlackRock Inc. now owns 16,191,417 shares of the real estate investment trust’s stock worth $692,505,000 after buying an additional 356,895 shares during the period. JPMorgan Chase & Co. increased its holdings in American Campus Communities by 6.5% during the 4th quarter. JPMorgan Chase & Co. now owns 4,507,026 shares of the real estate investment trust’s stock worth $192,765,000 after purchasing an additional 274,639 shares in the last quarter. PGGM Investments bought a new position in American Campus Communities during the 4th quarter worth about $163,849,000. Dimensional Fund Advisors LP increased its holdings in American Campus Communities by 0.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,343,366 shares of the real estate investment trust’s stock worth $100,223,000 after purchasing an additional 13,713 shares in the last quarter. Finally, Jennison Associates LLC increased its holdings in American Campus Communities by 4.4% during the 4th quarter. Jennison Associates LLC now owns 1,486,936 shares of the real estate investment trust’s stock worth $63,596,000 after purchasing an additional 62,249 shares in the last quarter. 96.69% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE ACC opened at $45.08 on Thursday. American Campus Communities, Inc. has a fifty-two week low of $25.43 and a fifty-two week high of $47.05. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.03 and a quick ratio of 1.03. The stock has a market capitalization of $6.21 billion, a price-to-earnings ratio of 88.39, a PEG ratio of 0.63 and a beta of 0.91. The business has a 50-day moving average of $44.45 and a 200-day moving average of $42.43.
The firm also recently declared a quarterly dividend, which will be paid on Friday, May 21st. Investors of record on Monday, May 10th will be issued a dividend of $0.47 per share. The ex-dividend date is Friday, May 7th. This represents a $1.88 dividend on an annualized basis and a yield of 4.17%. This is a boost from American Campus Communities’s previous quarterly dividend of $0.42. American Campus Communities’s dividend payout ratio (DPR) is presently 77.69%.
A number of research firms have issued reports on ACC. Evercore ISI upgraded American Campus Communities from an “in-line” rating to an “outperform” rating and increased their target price for the stock from $48.00 to $50.00 in a report on Monday. Deutsche Bank Aktiengesellschaft lowered their target price on American Campus Communities from $49.00 to $46.00 and set a “buy” rating for the company in a report on Wednesday, March 24th. Finally, Zacks Investment Research upgraded American Campus Communities from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 27th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. American Campus Communities currently has a consensus rating of “Hold” and an average price target of $43.50.
In related news, President James Clarence Hopke, Jr. sold 15,243 shares of American Campus Communities stock in a transaction dated Thursday, April 22nd. The stock was sold at an average price of $45.50, for a total transaction of $693,556.50. Following the completion of the transaction, the president now owns 118,149 shares in the company, valued at $5,375,779.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.88% of the company’s stock.
American Campus Communities Company Profile
American Campus Communities, Inc is the largest owner, manager and developer of high-quality student housing communities in the United States. The company is a fully integrated, self-managed and self-administered equity real estate investment trust (REIT) with expertise in the design, finance, development, construction management and operational management of student housing properties.
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