American Campus Communities, Inc. (NYSE:ACC) – Stock analysts at KeyCorp issued their FY2019 earnings per share estimates for American Campus Communities in a research note issued to investors on Tuesday, according to Zacks Investment Research. KeyCorp analyst A. Wurschmidt expects that the real estate investment trust will post earnings per share of $2.49 for the year. KeyCorp currently has a “Overweight” rating and a $47.00 target price on the stock.
Other research analysts have also recently issued reports about the stock. B. Riley reiterated a “buy” rating on shares of American Campus Communities in a research report on Wednesday, November 1st. Sandler O’Neill upgraded shares of American Campus Communities from a “hold” rating to a “buy” rating and set a $45.00 price target on the stock in a research report on Friday. Zacks Investment Research upgraded shares of American Campus Communities from a “sell” rating to a “hold” rating in a report on Monday, October 23rd. FBR & Co restated a “buy” rating and issued a $56.00 target price on shares of American Campus Communities in a report on Tuesday, October 24th. Finally, Robert W. Baird cut their target price on shares of American Campus Communities from $51.00 to $47.00 and set an “outperform” rating on the stock in a report on Tuesday, October 31st. Two analysts have rated the stock with a sell rating, four have given a hold rating and ten have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $49.50.
Shares of American Campus Communities (NYSE:ACC) traded down $0.24 on Thursday, reaching $38.95. 1,380,000 shares of the company were exchanged, compared to its average volume of 926,061. American Campus Communities has a 1-year low of $38.77 and a 1-year high of $51.70. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.72 and a quick ratio of 0.72. The stock has a market capitalization of $5,310.00, a P/E ratio of 97.38, a P/E/G ratio of 12.38 and a beta of 0.28.
Institutional investors have recently made changes to their positions in the business. Russell Investments Group Ltd. lifted its position in American Campus Communities by 17.2% during the second quarter. Russell Investments Group Ltd. now owns 74,359 shares of the real estate investment trust’s stock valued at $3,518,000 after buying an additional 10,937 shares during the period. Marshall Wace North America L.P. purchased a new position in American Campus Communities during the second quarter valued at $3,451,000. Cohen & Steers Inc. lifted its position in American Campus Communities by 20.2% during the third quarter. Cohen & Steers Inc. now owns 16,080,372 shares of the real estate investment trust’s stock valued at $709,948,000 after buying an additional 2,704,851 shares during the period. Bank of New York Mellon Corp lifted its position in American Campus Communities by 2.5% during the second quarter. Bank of New York Mellon Corp now owns 1,694,112 shares of the real estate investment trust’s stock valued at $80,131,000 after buying an additional 40,968 shares during the period. Finally, Prudential Financial Inc. raised its position in shares of American Campus Communities by 14.0% in the 2nd quarter. Prudential Financial Inc. now owns 770,395 shares of the real estate investment trust’s stock worth $36,439,000 after purchasing an additional 94,541 shares during the last quarter.
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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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