American Campus Communities Inc (ACC) Stake Increased by Westfield Capital Management Co. LP

Westfield Capital Management Co. LP lifted its stake in shares of American Campus Communities Inc (NYSE:ACC) by 79.8% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 700,715 shares of the real estate investment trust’s stock after acquiring an additional 310,950 shares during the quarter. Westfield Capital Management Co. LP owned about 0.51% of American Campus Communities worth $30,937,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ACC. Bridgewater Wealth & Financial Management LLC boosted its stake in American Campus Communities by 1.3% during the 2nd quarter. Bridgewater Wealth & Financial Management LLC now owns 5,813 shares of the real estate investment trust’s stock valued at $275,000 after purchasing an additional 75 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in American Campus Communities by 0.5% during the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 19,567 shares of the real estate investment trust’s stock valued at $926,000 after purchasing an additional 97 shares during the period. Janney Montgomery Scott LLC boosted its stake in American Campus Communities by 2.1% during the 2nd quarter. Janney Montgomery Scott LLC now owns 8,708 shares of the real estate investment trust’s stock valued at $412,000 after purchasing an additional 178 shares during the period. PNC Financial Services Group Inc. boosted its stake in American Campus Communities by 2.4% during the 2nd quarter. PNC Financial Services Group Inc. now owns 9,090 shares of the real estate investment trust’s stock valued at $430,000 after purchasing an additional 214 shares during the period. Finally, Oppenheimer Asset Management Inc. boosted its stake in American Campus Communities by 0.7% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 38,147 shares of the real estate investment trust’s stock valued at $1,804,000 after purchasing an additional 253 shares during the period.

Shares of American Campus Communities Inc (NYSE:ACC) opened at $42.80 on Monday. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.79. American Campus Communities Inc has a 52-week low of $41.06 and a 52-week high of $51.70. The company has a market capitalization of $5,839.05, a P/E ratio of 19.19, a price-to-earnings-growth ratio of 14.16 and a beta of 0.27.

The company also recently disclosed a quarterly dividend, which was paid on Monday, November 27th. Shareholders of record on Monday, November 13th were given a $0.44 dividend. The ex-dividend date was Friday, November 10th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 4.11%. American Campus Communities’s dividend payout ratio is currently 429.28%.

Several analysts recently weighed in on ACC shares. KeyCorp restated a “buy” rating and set a $56.00 target price on shares of American Campus Communities in a research note on Friday, August 25th. Argus upgraded American Campus Communities from a “hold” rating to a “buy” rating in a research note on Thursday, October 26th. Hilliard Lyons upgraded American Campus Communities from an “underperform” rating to a “neutral” rating in a research note on Friday, August 11th. Bank of America downgraded American Campus Communities from a “buy” rating to a “neutral” rating and set a $45.00 target price for the company. in a research note on Thursday, October 26th. Finally, Cantor Fitzgerald reiterated an “overweight” rating on shares of American Campus Communities in a research report on Thursday, August 10th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the stock. American Campus Communities presently has an average rating of “Buy” and an average target price of $52.22.

ILLEGAL ACTIVITY NOTICE: “American Campus Communities Inc (ACC) Stake Increased by Westfield Capital Management Co. LP” was posted by Week Herald and is the sole property of of Week Herald. If you are reading this piece of content on another website, it was copied illegally and republished in violation of United States and international trademark and copyright law. The original version of this piece of content can be read at https://weekherald.com/2017/12/04/american-campus-communities-inc-acc-stake-increased-by-westfield-capital-management-co-lp.html.

About American Campus Communities

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)

Receive News & Ratings for American Campus Communities Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Campus Communities Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply