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.
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