Chartwell Investment Partners LLC raised its stake in shares of American Campus Communities, Inc. (NYSE:ACC) by 16.3% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 57,303 shares of the real estate investment trust’s stock after buying an additional 8,020 shares during the quarter. Chartwell Investment Partners LLC’s holdings in American Campus Communities were worth $2,372,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of ACC. We Are One Seven LLC bought a new stake in shares of American Campus Communities during the 4th quarter valued at about $32,000. Ipswich Investment Management Co. Inc. bought a new stake in shares of American Campus Communities during the 4th quarter valued at about $41,000. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of American Campus Communities during the 3rd quarter valued at about $270,000. Wright Investors Service Inc. bought a new stake in shares of American Campus Communities during the 3rd quarter valued at about $272,000. Finally, Redpoint Investment Management Pty Ltd bought a new stake in shares of American Campus Communities during the 3rd quarter valued at about $277,000. 98.14% of the stock is owned by institutional investors and hedge funds.
NYSE:ACC opened at $45.85 on Friday. The company has a market capitalization of $6.31 billion, a P/E ratio of 20.01 and a beta of 0.49. American Campus Communities, Inc. has a 1-year low of $34.52 and a 1-year high of $46.40. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.83.
The company also recently announced a quarterly dividend, which will be paid on Friday, February 15th. Investors of record on Friday, February 1st will be given a $0.46 dividend. The ex-dividend date is Thursday, January 31st. This represents a $1.84 dividend on an annualized basis and a yield of 4.01%. American Campus Communities’s payout ratio is 79.65%.
ACC has been the subject of a number of research analyst reports. ValuEngine upgraded American Campus Communities from a “hold” rating to a “buy” rating in a research report on Friday, December 7th. JMP Securities restated a “buy” rating and issued a $49.00 target price on shares of American Campus Communities in a research report on Tuesday, October 16th. TheStreet downgraded American Campus Communities from a “b-” rating to a “c” rating in a research report on Monday, October 22nd. Capital One Financial started coverage on American Campus Communities in a research report on Monday, November 19th. They issued an “equal weight” rating and a $44.00 target price for the company. Finally, Zacks Investment Research upgraded American Campus Communities from a “sell” rating to a “hold” rating in a research report on Friday, October 26th. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. American Campus Communities currently has a consensus rating of “Buy” and an average price target of $44.50.
In other American Campus Communities news, EVP Cardenas Jorge De sold 11,262 shares of American Campus Communities stock in a transaction that occurred on Tuesday, November 27th. The stock was sold at an average price of $43.07, for a total value of $485,054.34. Following the transaction, the executive vice president now directly owns 32,466 shares of the company’s stock, valued at approximately $1,398,310.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.64% of the stock is owned by insiders.
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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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