American Campus Communities Inc (NYSE:ACC) announced a quarterly dividend on Thursday, November 2nd, Wall Street Journal reports. Shareholders of record on Monday, November 13th will be paid a dividend of 0.44 per share by the real estate investment trust on Monday, November 27th. This represents a $1.76 annualized dividend and a yield of 4.23%. The ex-dividend date of this dividend is Friday, November 10th.

American Campus Communities has raised its dividend payment by an average of 5.4% per year over the last three years and has raised its dividend every year for the last 4 years. American Campus Communities has a dividend payout ratio of 76.2% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Analysts expect American Campus Communities to earn $2.46 per share next year, which means the company should continue to be able to cover its $1.76 annual dividend with an expected future payout ratio of 71.5%.

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A number of research analysts have recently commented on the company. JMP Securities upgraded American Campus Communities from a “market perform” rating to an “outperform” rating and set a $55.00 price objective on the stock in a report on Monday, July 10th. Zacks Investment Research upgraded American Campus Communities from a “sell” rating to a “hold” rating in a report on Monday, October 16th. FBR & Co reiterated a “buy” rating and issued a $56.00 price objective on shares of American Campus Communities in a report on Tuesday, October 24th. Cantor Fitzgerald reiterated an “overweight” rating on shares of American Campus Communities in a report on Thursday, August 10th. Finally, Bank of America Corporation downgraded American Campus Communities from a “buy” rating to a “neutral” rating and set a $45.00 price objective on the stock. in a report on Thursday, October 26th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $51.75.

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.

Dividend History for American Campus Communities (NYSE:ACC)

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