Wealthstreet Investment Advisors LLC purchased a new position in American Campus Communities, Inc. (NYSE:ACC) in the 4th quarter, HoldingsChannel reports. The firm purchased 14,700 shares of the real estate investment trust’s stock, valued at approximately $603,000.

A number of other large investors have also bought and sold shares of ACC. Cohen & Steers Inc. raised its position in American Campus Communities by 20.2% in the third quarter. Cohen & Steers Inc. now owns 16,080,372 shares of the real estate investment trust’s stock worth $709,948,000 after purchasing an additional 2,704,851 shares in the last quarter. APG Asset Management US Inc. acquired a new position in American Campus Communities in the fourth quarter worth about $71,967,000. Brookfield Asset Management Inc. raised its position in American Campus Communities by 51.0% in 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 purchasing an additional 1,162,350 shares in the last quarter. Diamond Hill Capital Management Inc. acquired a new position in American Campus Communities in the third quarter worth about $48,216,000. Finally, Wells Fargo & Company MN raised its position in American Campus Communities by 11.8% in the third quarter. Wells Fargo & Company MN now owns 3,523,133 shares of the real estate investment trust’s stock worth $155,547,000 after purchasing an additional 371,933 shares in the last quarter.

Several research analysts recently issued reports on ACC shares. Zacks Investment Research raised shares of American Campus Communities from a “sell” rating to a “hold” rating in a research report on Monday, October 23rd. FBR & Co reissued a “buy” rating and issued a $56.00 price target on shares of American Campus Communities in a research report on Tuesday, October 24th. Bank of America lowered shares of American Campus Communities from a “buy” rating to a “neutral” rating and set a $45.00 price target for the company. in a research report on Thursday, October 26th. Argus raised shares of American Campus Communities from a “hold” rating to a “buy” rating in a research report on Thursday, October 26th. Finally, Citigroup reissued a “neutral” rating on shares of American Campus Communities in a research report on Friday, October 27th. Two analysts have rated the stock with a sell rating, four have given a hold rating and ten have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $49.50.

Shares of American Campus Communities, Inc. (NYSE ACC) opened at $35.65 on Thursday. The firm has a market cap of $4,905.90, a P/E ratio of 86.95, a PEG ratio of 11.40 and a beta of 0.20. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.72 and a current ratio of 0.72. 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. Stockholders of record on Friday, February 2nd will be issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 4.94%. The ex-dividend date of this dividend is Thursday, February 1st. American Campus Communities’s payout ratio is 429.28%.

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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.

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

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