American Campus Stock To Go Ex-dividend Tomorrow (ACC)

NEW YORK (TheStreet) -- The ex-dividend date for American Campus Communities (NYSE:ACC) is tomorrow, August 10, 2012. Owners of shares as of market close today will be eligible for a dividend of 34 cents per share. At a price of $46.41 as of 9:30 a.m. ET, the dividend yield is 2.9%.

The average volume for American Campus has been one million shares per day over the past 30 days. American Campus has a market cap of $3.49 billion and is part of the financial sector and real estate industry. Shares are up 11.3% year to date as of the close of trading on Wednesday.

American Campus Communities, Inc. is an independent equity real estate investment trust. The firm invests in the real estate markets of the United States. It primarily engages in developing, owning, and managing high-quality student housing communities. The company has a P/E ratio of 70.8, below the average real estate industry P/E ratio of 71.8 and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates American Campus as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, growth in earnings per share, solid stock price performance, largely solid financial position with reasonable debt levels by most measures and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full American Campus Ratings Report.

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