Principal Financial Group Inc. lowered its stake in shares of American Campus Communities Inc (NYSE:ACC) by 53.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 679,324 shares of the real estate investment trust’s stock after selling 787,282 shares during the period. Principal Financial Group Inc. owned about 0.50% of American Campus Communities worth $29,993,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Raymond James Trust N.A. boosted its holdings in American Campus Communities by 6.6% during the second quarter. Raymond James Trust N.A. now owns 4,567 shares of the real estate investment trust’s stock worth $216,000 after buying an additional 283 shares in the last quarter. Garner Asset Management Corp purchased a new stake in American Campus Communities during the second quarter worth about $247,000. Bridgewater Wealth & Financial Management LLC boosted its holdings in American Campus Communities by 1.3% during the second quarter. Bridgewater Wealth & Financial Management LLC now owns 5,813 shares of the real estate investment trust’s stock worth $275,000 after buying an additional 75 shares in the last quarter. Verition Fund Management LLC purchased a new stake in American Campus Communities during the second quarter worth about $282,000. Finally, Ramsey Quantitative Systems purchased a new stake in American Campus Communities during the second quarter worth about $304,000.

A number of analysts recently commented on the stock. B. Riley set a $56.00 price objective on shares of American Campus Communities and gave the stock a “buy” rating in a report on Tuesday, November 14th. Robert W. Baird decreased their price objective on shares of American Campus Communities from $51.00 to $47.00 and set an “outperform” rating on the stock in a report on Tuesday, October 31st. Zacks Investment Research downgraded shares of American Campus Communities from a “hold” rating to a “sell” rating in a report on Monday, October 30th. Citigroup Inc. reissued a “neutral” rating on shares of American Campus Communities in a report on Friday, October 27th. Finally, Argus raised shares of American Campus Communities from a “hold” rating to a “buy” rating in a report on Thursday, October 26th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have issued a buy rating to the stock. American Campus Communities has a consensus rating of “Buy” and a consensus price target of $52.22.

American Campus Communities Inc (NYSE ACC) opened at $41.89 on Friday. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.72 and a quick ratio of 0.72. The firm has a market cap of $5,714.88, a P/E ratio of 18.78, a PEG ratio of 13.86 and a beta of 0.27. American Campus Communities Inc has a 52-week low of $41.06 and a 52-week high of $51.70.

The business also recently declared a quarterly dividend, which will be paid on Monday, November 27th. Investors of record on Monday, November 13th will be given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 4.20%. The ex-dividend date of this dividend is Friday, November 10th. American Campus Communities’s dividend payout ratio (DPR) is 429.28%.

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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.

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

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