Elkfork Partners LLC purchased a new stake in American Campus Communities Inc (NYSE:ACC) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 29,428 shares of the real estate investment trust’s stock, valued at approximately $1,465,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Solaris Asset Management LLC purchased a new position in American Campus Communities during the third quarter valued at about $101,000. TLP Group LLC purchased a new position in American Campus Communities during the third quarter valued at about $124,000. Tower Research Capital LLC TRC raised its position in American Campus Communities by 25,664.3% in the third quarter. Tower Research Capital LLC TRC now owns 3,607 shares of the real estate investment trust’s stock valued at $183,000 after buying an additional 3,593 shares during the last quarter. Riverhead Capital Management LLC raised its position in American Campus Communities by 18.5% in the third quarter. Riverhead Capital Management LLC now owns 4,300 shares of the real estate investment trust’s stock valued at $219,000 after buying an additional 670 shares during the last quarter. Finally, Advisor Group Inc. raised its position in American Campus Communities by 8.0% in the third quarter. Advisor Group Inc. now owns 4,582 shares of the real estate investment trust’s stock valued at $233,000 after buying an additional 341 shares during the last quarter.

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

American Campus Communities Inc (NYSE:ACC) traded down 0.656% during mid-day trading on Friday, hitting $49.255. 290,047 shares of the stock traded hands. The company has a 50-day moving average of $49.34 and a 200 day moving average of $49.32. American Campus Communities Inc has a 1-year low of $42.20 and a 1-year high of $54.56. The firm has a market capitalization of $6.51 billion, a P/E ratio of 61.262 and a beta of 0.21.

The company also recently announced a quarterly dividend, which will be paid on Friday, February 17th. Shareholders of record on Monday, February 6th will be paid a $0.42 dividend. The ex-dividend date is Thursday, February 2nd. This represents a $1.68 annualized dividend and a yield of 3.39%. This is a positive change from American Campus Communities’s previous quarterly dividend of $0.40. American Campus Communities’s dividend payout ratio is currently 204.88%.

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Several research firms have issued reports on ACC. Zacks Investment Research upgraded shares of American Campus Communities from a “hold” rating to a “buy” rating and set a $52.00 price target for the company in a report on Wednesday, November 16th. Canaccord Genuity set a $59.00 price target on shares of American Campus Communities and gave the stock a “buy” rating in a report on Monday, October 24th. Finally, FBR & Co restated a “buy” rating and set a $56.00 price target on shares of American Campus Communities in a report on Wednesday, October 26th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the stock. American Campus Communities has an average rating of “Hold” and an average price target of $51.63.

About American Campus Communities

American Campus Communities, Inc is a self-managed and self-administered equity real estate investment trust. 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.

5 Day Chart for NYSE:ACC

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