American Campus Communities Inc (NYSE:ACC) Upgraded by Argus to “Buy”

Argus upgraded shares of American Campus Communities Inc (NYSE:ACC) from a hold rating to a buy rating in a research report released on Thursday, October 26th, Marketbeat reports.

ACC has been the subject of several other research reports. Zacks Investment Research downgraded shares of American Campus Communities from a buy rating to a hold rating in a report on Friday, July 14th. FBR & Co restated a buy rating on shares of American Campus Communities in a report on Monday, September 25th. BidaskClub downgraded American Campus Communities from a buy rating to a hold rating in a report on Saturday, July 8th. KeyCorp restated a buy rating and set a $56.00 price objective on shares of American Campus Communities in a report on Friday, August 25th. Finally, Hilliard Lyons upgraded American Campus Communities from an underperform rating to a neutral rating in a report on Friday, August 11th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the company. The stock has an average rating of Buy and an average price target of $51.75.

Shares of American Campus Communities (NYSE ACC) opened at $41.80 on Thursday. American Campus Communities has a 12 month low of $41.06 and a 12 month high of $51.70. The firm has a market cap of $5,702.61, a price-to-earnings ratio of 18.74, a price-to-earnings-growth ratio of 13.84 and a beta of 0.27. The company has a current ratio of 0.72, a quick ratio of 0.98 and a debt-to-equity ratio of 0.79.

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The company also recently announced a quarterly dividend, which will be paid on Monday, November 27th. Investors of record on Monday, November 13th will be paid a $0.44 dividend. The ex-dividend date of this dividend is Friday, November 10th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 4.21%. American Campus Communities’s payout ratio is 429.28%.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Raymond James Trust N.A. raised its stake in American Campus Communities by 6.6% during 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 acquiring an additional 283 shares in the last quarter. CIBC Asset Management Inc acquired a new position in American Campus Communities during the third quarter worth $202,000. Garner Asset Management Corp acquired a new position in American Campus Communities during the second quarter worth $247,000. Cipher Capital LP acquired a new position in American Campus Communities during the third quarter worth $244,000. Finally, Stifel Financial Corp raised its stake 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 worth $277,000 after acquiring an additional 308 shares in the last quarter.

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.

Analyst Recommendations for American Campus Communities (NYSE:ACC)

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