5 Real Estate Dividend Stocks to Buy in August 2021

2. American Campus Communities, Inc. (NYSE: ACC)

Number of Hedge Fund Holders: 26
Dividend Yield: 3.7%

American Campus Communities, Inc. (NYSE: ACC) is based in Austin, Texas, and ranks 2nd on our list of real estate dividend stocks to buy in August 2021. The company is the largest developer and manager of student housing communities in the US and was founded in 1993.

Piper Sandler’s Alexander Goldfarb upgraded shares of American Campus Communities, Inc. (NYSE: ACC) this May from Neutral to Overweight. The analyst also raised his price target on American Campus Communities, Inc. (NYSE: ACC) shares from $48 to $55.

In the second quarter of 2021, American Campus Communities, Inc. (NYSE: ACC) had an FFO of $0.42, beating estimates by $0.05. The company’s revenue was $199.62 million, up 12.66% year over year and also beating estimates by $10.91 million. American Campus Communities, Inc. (NYSE: ACC) has also gained 15.76% in the past 6 months and 20.92% year to date.

By the end of the first quarter of 2021, 26 hedge funds out of the 866 tracked by Insider Monkey held stakes in American Campus Communities, Inc. (NYSE: ACC) worth roughly $231 million. This is compared to 15 hedge funds in the previous quarter with a total stake value of approximately $242 million.