Cadence Capital Management LLC Sells 3,422 Shares of American Campus Communities, Inc. (ACC)

Cadence Capital Management LLC lessened its stake in shares of American Campus Communities, Inc. (NYSE:ACC) by 30.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,856 shares of the real estate investment trust’s stock after selling 3,422 shares during the quarter. Cadence Capital Management LLC’s holdings in American Campus Communities were worth $322,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the business. PNC Financial Services Group Inc. lifted its stake in shares of American Campus Communities by 2.4% during the second quarter. PNC Financial Services Group Inc. now owns 9,090 shares of the real estate investment trust’s stock worth $430,000 after purchasing an additional 214 shares in the last quarter. TD Asset Management Inc. lifted its stake in shares of American Campus Communities by 4.5% during the third quarter. TD Asset Management Inc. now owns 28,000 shares of the real estate investment trust’s stock worth $1,236,000 after purchasing an additional 1,200 shares in the last quarter. ETRADE Capital Management LLC lifted its stake in shares of American Campus Communities by 7.9% during the third quarter. ETRADE Capital Management LLC now owns 17,671 shares of the real estate investment trust’s stock worth $780,000 after purchasing an additional 1,291 shares in the last quarter. Aperio Group LLC lifted its stake in shares of American Campus Communities by 4.2% in the third quarter. Aperio Group LLC now owns 36,116 shares of the real estate investment trust’s stock worth $1,595,000 after acquiring an additional 1,455 shares in the last quarter. Finally, Cornerstone Capital Management Holdings LLC. lifted its stake in shares of American Campus Communities by 2.8% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 65,215 shares of the real estate investment trust’s stock worth $2,879,000 after acquiring an additional 1,782 shares in the last quarter.

Shares of American Campus Communities, Inc. (NYSE ACC) opened at $35.65 on Thursday. 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 firm has a market capitalization of $4,905.90, a PE ratio of 16.13, a P/E/G ratio of 11.40 and a beta of 0.20. American Campus Communities, Inc. has a fifty-two week low of $34.52 and a fifty-two week high of $51.70.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 16th. Investors of record on Friday, February 2nd will be issued a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 4.94%. The ex-dividend date is Thursday, February 1st. American Campus Communities’s dividend payout ratio is currently 429.28%.

Several research analysts recently commented on ACC shares. KeyCorp reiterated an “overweight” rating and issued a $47.00 price target (down previously from $56.00) on shares of American Campus Communities in a research note on Wednesday, December 20th. Sandler O’Neill upgraded American Campus Communities from a “hold” rating to a “buy” rating and set a $45.00 price target on the stock in a research note on Friday, January 12th. B. Riley set a $56.00 price target on American Campus Communities and gave the stock a “buy” rating in a research note on Tuesday, November 14th. FBR & Co reiterated a “buy” rating and issued a $56.00 price target on shares of American Campus Communities in a research note on Tuesday, October 24th. Finally, Bank of America cut American Campus Communities from a “buy” rating to a “neutral” rating and set a $45.00 price target on the stock. in a research note on Thursday, October 26th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $49.50.

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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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