BNP Paribas Arbitrage SA reduced its stake in American Campus Communities Inc (NYSE:ACC) by 25.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 97,592 shares of the real estate investment trust’s stock after selling 34,015 shares during the quarter. BNP Paribas Arbitrage SA owned about 0.07% of American Campus Communities worth $4,309,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of ACC. Daiwa Securities Group Inc. lifted its position in shares of American Campus Communities by 47.3% in the second quarter. Daiwa Securities Group Inc. now owns 4,798,215 shares of the real estate investment trust’s stock valued at $226,955,000 after acquiring an additional 1,541,548 shares in the last quarter. Brookfield Asset Management Inc. lifted its position in American Campus Communities by 51.0% during the second quarter. Brookfield Asset Management Inc. now owns 3,441,220 shares of the real estate investment trust’s stock worth $162,770,000 after buying an additional 1,162,350 shares during the period. Diamond Hill Capital Management Inc. purchased a new position in American Campus Communities during the third quarter worth about $48,216,000. Presima Inc. lifted its position in American Campus Communities by 79.7% during the second quarter. Presima Inc. now owns 1,059,700 shares of the real estate investment trust’s stock worth $50,124,000 after buying an additional 470,000 shares during the period. Finally, BlackRock Inc. lifted its position 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 worth $747,699,000 after buying an additional 420,488 shares during the period.

Several equities research analysts have commented on the company. KeyCorp restated a “buy” rating and set a $56.00 price target 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 Corporation lowered American Campus Communities from a “buy” rating to a “neutral” rating and set a $45.00 price target for the company. in a research note on Thursday, October 26th. Finally, Zacks Investment Research lowered American Campus Communities from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $52.22.

Shares of American Campus Communities Inc (ACC) opened at $41.89 on Friday. American Campus Communities Inc has a 12 month low of $41.06 and a 12 month high of $51.70. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.79. The firm has a market capitalization of $5,714.88, a P/E ratio of 18.78, a price-to-earnings-growth ratio of 13.86 and a beta of 0.27.

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

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

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