Shares of American Campus Communities, Inc. (NYSE:ACC) have been assigned an average recommendation of “Hold” from the seventeen research firms that are currently covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $50.60.
A number of analysts have recently issued reports on the stock. KeyCorp restated an “overweight” rating and set a $47.00 price target (down previously from $56.00) on shares of American Campus Communities in a report on Wednesday. J P Morgan Chase & Co downgraded shares of American Campus Communities from a “neutral” rating to an “underweight” rating and set a $45.00 price target for the company. in a report on Friday, December 15th. B. Riley set a $56.00 price target on shares of American Campus Communities and gave the stock a “buy” rating in a report on Thursday, December 7th. Robert W. Baird cut their price target on shares of American Campus Communities from $51.00 to $47.00 and set an “outperform” rating for the company in a report on Tuesday, October 31st. Finally, Zacks Investment Research downgraded shares of American Campus Communities from a “hold” rating to a “sell” rating in a report on Monday, October 30th.
Shares of American Campus Communities (NYSE:ACC) traded down $0.45 during midday trading on Friday, hitting $40.23. 869,400 shares of the stock were exchanged, compared to its average volume of 690,213. The firm has a market cap of $5,549.83, a P/E ratio of 18.24, a P/E/G ratio of 13.46 and a beta of 0.27. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.72 and a quick ratio of 0.72. American Campus Communities has a fifty-two week low of $40.07 and a fifty-two week high of $51.70.
The business also recently announced a quarterly dividend, which was paid on Monday, November 27th. Investors of record on Monday, November 13th were issued a $0.44 dividend. The ex-dividend date of this dividend was Friday, November 10th. This represents a $1.76 annualized dividend and a yield of 4.37%. American Campus Communities’s dividend payout ratio (DPR) is presently 429.28%.
Institutional investors have recently bought and sold shares of the stock. Marshall Wace North America L.P. purchased a new stake in shares of American Campus Communities during the 2nd quarter worth $3,451,000. Russell Investments Group Ltd. lifted its position in shares of American Campus Communities by 17.2% during the 2nd quarter. Russell Investments Group Ltd. now owns 74,359 shares of the real estate investment trust’s stock worth $3,518,000 after purchasing an additional 10,937 shares during the last quarter. Prudential Financial Inc. lifted its position in shares of American Campus Communities by 14.0% during 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. Bank of New York Mellon Corp lifted its position in shares of American Campus Communities by 2.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,694,112 shares of the real estate investment trust’s stock worth $80,131,000 after purchasing an additional 40,968 shares during the last quarter. Finally, Legal & General Group Plc lifted its position in shares of American Campus Communities by 10.0% during the 2nd quarter. Legal & General Group Plc now owns 442,793 shares of the real estate investment trust’s stock worth $20,945,000 after purchasing an additional 40,300 shares during the last quarter.
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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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