American Campus Communities (NYSE:ACC) was upgraded by investment analysts at Hilliard Lyons from a “neutral” rating to a “buy” rating in a research note issued to investors on Thursday, Marketbeat reports.
ACC has been the topic of several other research reports. B. Riley reissued a “buy” rating on shares of American Campus Communities in a research report on Wednesday, November 1st. Robert W. Baird cut their target price on American Campus Communities from $51.00 to $47.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 31st. Zacks Investment Research cut American Campus Communities from a “hold” rating to a “sell” rating in a report on Monday, October 30th. Bank of America cut American Campus Communities from a “buy” rating to a “neutral” rating and set a $45.00 price objective for the company. in a report on Thursday, October 26th. Finally, Argus upgraded American Campus Communities from a “hold” rating to a “buy” rating in a report on Thursday, October 26th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and ten have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $49.50.
Shares of American Campus Communities (NYSE:ACC) traded up $1.04 on Thursday, reaching $36.92. The company had a trading volume of 313,426 shares, compared to its average volume of 921,396. The company has a market cap of $4,852.69, a P/E ratio of 71.76, a PEG ratio of 11.27 and a beta of 0.20. American Campus Communities has a 52 week low of $34.52 and a 52 week 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.
American Campus Communities (NYSE:ACC) last released its quarterly earnings data on Tuesday, February 20th. The real estate investment trust reported $0.72 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.71 by $0.01. American Campus Communities had a return on equity of 1.96% and a net margin of 8.67%. The business had revenue of $227.60 million for the quarter, compared to the consensus estimate of $200.28 million. During the same quarter in the previous year, the company posted $0.65 EPS. The company’s revenue was up 11.6% compared to the same quarter last year. equities research analysts predict that American Campus Communities will post 2.41 EPS for the current year.
Large investors have recently made changes to their positions in the stock. Cohen & Steers Inc. increased its position in American Campus Communities by 20.2% during the 3rd 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 in the last quarter. Green Street Investors LLC acquired a new position in American Campus Communities during the 4th quarter valued at about $1,723,000. Crossmark Global Holdings Inc. acquired a new position in American Campus Communities during the 3rd quarter valued at about $647,000. Sarasin & Partners LLP increased its position in American Campus Communities by 33.6% during the 3rd quarter. Sarasin & Partners LLP now owns 172,791 shares of the real estate investment trust’s stock valued at $7,629,000 after buying an additional 43,418 shares in the last quarter. Finally, Stifel Financial Corp increased its position in American Campus Communities by 55.4% during the 3rd quarter. Stifel Financial Corp now owns 7,996 shares of the real estate investment trust’s stock valued at $352,000 after buying an additional 2,850 shares in 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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