American Campus Communities Inc (NYSE:ACC) Upgraded to Hold by Zacks Investment Research

American Campus Communities Inc (NYSE:ACC) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Monday, October 16th.

According to Zacks, “American Campus Communities, Inc. is a fully integrated, self-managed and self-administered equity REIT with expertise in the acquisition, design, finance, development, construction management, leasing and management of student housing properties. “

Several other research firms have also weighed in on ACC. JMP Securities upgraded American Campus Communities from a “market perform” rating to an “outperform” rating and set a $55.00 price target on the stock in a research report on Monday, July 10th. Cantor Fitzgerald reiterated an “overweight” rating on shares of American Campus Communities in a research note on Thursday, August 10th. Evercore ISI upgraded American Campus Communities from an “underperform” rating to an “in-line” rating and lifted their price objective for the company from $48.00 to $49.00 in a research note on Monday, June 19th. TheStreet cut American Campus Communities from a “b” rating to a “c+” rating in a research note on Monday, July 24th. Finally, Sandler O’Neill cut American Campus Communities from a “buy” rating to a “hold” rating and lowered their price objective for the company from $55.00 to $50.00 in a research note on Wednesday, July 26th. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $52.43.

Shares of American Campus Communities (ACC) opened at 42.08 on Monday. The company has a 50 day moving average of $45.68 and a 200-day moving average of $47.01. American Campus Communities has a 12 month low of $41.51 and a 12 month high of $52.30. The firm has a market capitalization of $5.74 billion, a P/E ratio of 86.94 and a beta of 0.26.

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Hedge funds have recently bought and sold shares of the company. Raymond James Trust N.A. raised its stake in shares of American Campus Communities by 6.6% in the second quarter. Raymond James Trust N.A. now owns 4,567 shares of the real estate investment trust’s stock worth $216,000 after purchasing an additional 283 shares during the last quarter. Garner Asset Management Corp purchased a new stake in American Campus Communities during the second quarter valued at $247,000. Stifel Financial Corp increased its position in American Campus Communities by 5.6% during the first quarter. Stifel Financial Corp now owns 5,769 shares of the real estate investment trust’s stock valued at $277,000 after acquiring an additional 308 shares during the last quarter. Bridgewater Wealth & Financial Management LLC increased its position in American Campus Communities by 1.3% during the second quarter. Bridgewater Wealth & Financial Management LLC now owns 5,813 shares of the real estate investment trust’s stock valued at $275,000 after acquiring an additional 75 shares during the last quarter. Finally, Verition Fund Management LLC purchased a new stake in American Campus Communities during the second quarter valued at $282,000.

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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Analyst Recommendations for American Campus Communities (NYSE:ACC)

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