California Public Employees Retirement System lifted its holdings in shares of American Campus Communities, Inc. (NYSE:ACC) by 9.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 273,235 shares of the real estate investment trust’s stock after buying an additional 22,917 shares during the quarter. California Public Employees Retirement System owned about 0.20% of American Campus Communities worth $12,063,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Vanguard Group Inc. grew its holdings in American Campus Communities by 0.3% during the second quarter. Vanguard Group Inc. now owns 20,850,918 shares of the real estate investment trust’s stock valued at $986,248,000 after purchasing an additional 65,304 shares during the period. Cohen & Steers Inc. grew its holdings in American Campus Communities by 20.2% during the third quarter. Cohen & Steers Inc. now owns 16,080,372 shares of the real estate investment trust’s stock valued at $709,948,000 after purchasing an additional 2,704,851 shares during the period. BlackRock Inc. grew its holdings in American Campus Communities by 2.7% during the second quarter. BlackRock Inc. now owns 15,807,560 shares of the real estate investment trust’s stock valued at $747,699,000 after purchasing an additional 420,488 shares during the period. Capital Research Global Investors grew its holdings in American Campus Communities by 1.4% during the second quarter. Capital Research Global Investors now owns 6,166,800 shares of the real estate investment trust’s stock valued at $291,690,000 after purchasing an additional 85,000 shares during the period. Finally, State Street Corp grew its holdings in American Campus Communities by 0.7% during the second quarter. State Street Corp now owns 5,795,952 shares of the real estate investment trust’s stock valued at $274,152,000 after purchasing an additional 41,332 shares during the period.

Shares of American Campus Communities, Inc. (NYSE ACC) opened at $40.80 on Wednesday. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.79. The company has a market cap of $5,499.35, a price-to-earnings ratio of 99.51, a PEG ratio of 13.34 and a beta of 0.27. American Campus Communities, Inc. has a 1 year low of $40.07 and a 1 year high of $51.70.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 27th. Stockholders of record on Monday, November 13th were given a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 4.31%. The ex-dividend date was Friday, November 10th. American Campus Communities’s dividend payout ratio is presently 429.28%.

A number of research analysts have weighed in on ACC shares. Citigroup reaffirmed a “neutral” rating on shares of American Campus Communities in a research note on Friday, October 27th. FBR & Co reaffirmed a “buy” rating on shares of American Campus Communities in a research note on Monday, September 25th. Argus raised shares of American Campus Communities from a “hold” rating to a “buy” rating in a research note on Thursday, October 26th. B. Riley set a $56.00 price target on shares of American Campus Communities and gave the company a “buy” rating in a research note on Thursday, December 7th. Finally, Robert W. Baird cut their price target on shares of American Campus Communities from $51.00 to $47.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 31st. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $50.60.

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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.

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

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