Top 5 Real Estate Stocks to Buy According to Land & Buildings Investment Management

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

Land & Buildings Investment Management’s second-largest real estate holding is American Campus Communities, Inc. (NYSE:ACC), which it owns over 1.43 million shares of as of September 30, valued at $69.52 million. The fund raised the size of its ACC holding by 10% during Q3. Hedge fund ownership of ACC dipped by 37% during the first three quarters of 2021.

American Campus Communities, Inc. (NYSE:ACC) is yet another stock that’s been a strong performer for Jonathan Litt in recent quarters, gaining nearly 50% between the middle of 2020 and Q3 2021. The Austin-based student housing developer and operator earned $228.9 million in revenue during Q3, topping estimates by over $10 million while pulling in $0.40 in FFOM. The company also anticipating net operating income returning to pre-pandemic levels during Q4. ACC pays out a dividend that currently yields 3.33% annually.