Wells Fargo & Company MN Acquires 8,551 Shares of American Campus Communities, Inc. (ACC)

Wells Fargo & Company MN lifted its holdings in shares of American Campus Communities, Inc. (NYSE:ACC) by 0.2% in the 3rd quarter, HoldingsChannel reports. The fund owned 4,024,279 shares of the real estate investment trust’s stock after purchasing an additional 8,551 shares during the period. Wells Fargo & Company MN’s holdings in American Campus Communities were worth $165,639,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. BlackRock Inc. increased its position in shares of American Campus Communities by 1.1% during the second quarter. BlackRock Inc. now owns 16,427,516 shares of the real estate investment trust’s stock worth $704,412,000 after acquiring an additional 179,745 shares in the last quarter. Cbre Clarion Securities LLC bought a new stake in shares of American Campus Communities during the second quarter worth about $114,290,000. Dimensional Fund Advisors LP increased its position in shares of American Campus Communities by 2.4% during the second quarter. Dimensional Fund Advisors LP now owns 2,109,626 shares of the real estate investment trust’s stock worth $90,461,000 after acquiring an additional 48,764 shares in the last quarter. Schwab Charles Investment Management Inc. increased its position in shares of American Campus Communities by 6.8% during the second quarter. Schwab Charles Investment Management Inc. now owns 1,625,597 shares of the real estate investment trust’s stock worth $69,706,000 after acquiring an additional 103,578 shares in the last quarter. Finally, US Bancorp DE increased its position in shares of American Campus Communities by 5.4% during the third quarter. US Bancorp DE now owns 1,000,340 shares of the real estate investment trust’s stock worth $41,174,000 after acquiring an additional 51,032 shares in the last quarter. 97.70% of the stock is owned by institutional investors.

Several equities research analysts have recently commented on the stock. Zacks Investment Research raised shares of American Campus Communities from a “sell” rating to a “hold” rating in a research report on Friday, October 26th. TheStreet raised shares of American Campus Communities from a “c” rating to a “b-” rating in a research report on Tuesday, July 24th. Argus downgraded shares of American Campus Communities from a “buy” rating to a “hold” rating in a research report on Wednesday, July 18th. Finally, ValuEngine raised shares of American Campus Communities from a “sell” rating to a “hold” rating in a research report on Wednesday, September 12th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $44.83.

American Campus Communities stock opened at $41.34 on Friday. American Campus Communities, Inc. has a fifty-two week low of $34.52 and a fifty-two week high of $43.86. The stock has a market cap of $5.66 billion, a P/E ratio of 17.95 and a beta of 0.20. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.43 and a current ratio of 1.57.

American Campus Communities (NYSE:ACC) last released its quarterly earnings results on Monday, October 22nd. The real estate investment trust reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.45). American Campus Communities had a return on equity of 3.25% and a net margin of 12.60%. The firm had revenue of $213.50 million for the quarter, compared to analysts’ expectations of $201.92 million. During the same quarter last year, the firm posted $0.43 earnings per share. The firm’s revenue for the quarter was up 8.4% compared to the same quarter last year. As a group, research analysts anticipate that American Campus Communities, Inc. will post 2.31 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, November 26th. Investors of record on Monday, November 12th will be issued a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a yield of 4.45%. The ex-dividend date of this dividend is Thursday, November 8th. American Campus Communities’s dividend payout ratio (DPR) is presently 79.65%.

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About American Campus Communities

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

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