American Campus Communities, Inc. (ACC) Receives Consensus Rating of “Hold” from Analysts

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.

Analyst Recommendations for American Campus Communities (NYSE:ACC)

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