American Campus Communities, Inc. (ACC) Receives $47.23 Average Target Price from Analysts

Shares of American Campus Communities, Inc. (NYSE:ACC) have been assigned a consensus rating of “Buy” from the eighteen ratings firms that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have given a buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $47.23.

ACC has been the subject of a number of recent research reports. JPMorgan Chase 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 research note on Friday, December 15th. Zacks Investment Research upgraded shares of American Campus Communities from a “sell” rating to a “hold” rating in a research note on Wednesday, March 21st. Sandler O’Neill upgraded shares of American Campus Communities from a “hold” rating to a “buy” rating and set a $45.00 price target for the company in a research note on Friday, January 12th. KeyCorp reiterated an “overweight” rating and issued a $47.00 price target (down previously from $56.00) on shares of American Campus Communities in a research note on Wednesday, December 20th. Finally, B. Riley set a $50.00 price target on shares of American Campus Communities and gave the stock a “buy” rating in a research note on Tuesday, January 2nd.

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In related news, Director John T. Rippel acquired 5,000 shares of American Campus Communities stock in a transaction dated Friday, March 23rd. The stock was acquired at an average price of $36.50 per share, for a total transaction of $182,500.00. Following the transaction, the director now owns 3,040 shares of the company’s stock, valued at $110,960. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.67% of the stock is currently owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in ACC. New York State Common Retirement Fund raised its position in American Campus Communities by 10.2% in the 3rd quarter. New York State Common Retirement Fund now owns 321,382 shares of the real estate investment trust’s stock valued at $14,189,000 after purchasing an additional 29,782 shares during the last quarter. Ameriprise Financial Inc. raised its position in American Campus Communities by 39.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 741,288 shares of the real estate investment trust’s stock valued at $32,728,000 after purchasing an additional 208,855 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in American Campus Communities by 28.5% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 27,638 shares of the real estate investment trust’s stock valued at $1,220,000 after purchasing an additional 6,131 shares during the last quarter. TD Asset Management Inc. raised its position in American Campus Communities by 4.5% in the 3rd quarter. TD Asset Management Inc. now owns 28,000 shares of the real estate investment trust’s stock valued at $1,236,000 after purchasing an additional 1,200 shares during the last quarter. Finally, Great West Life Assurance Co. Can raised its position in American Campus Communities by 3.4% in the 3rd quarter. Great West Life Assurance Co. Can now owns 148,361 shares of the real estate investment trust’s stock valued at $6,593,000 after purchasing an additional 4,827 shares during the last quarter.

Shares of ACC stock traded down $0.09 during trading on Friday, reaching $38.72. The company’s stock had a trading volume of 950,622 shares, compared to its average volume of 770,585. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.38 and a current ratio of 1.38. The stock has a market capitalization of $5,285.09, a P/E ratio of 16.76, a price-to-earnings-growth ratio of 11.71 and a beta of 0.19. American Campus Communities has a 1-year low of $34.52 and a 1-year high of $49.93.

American Campus Communities (NYSE:ACC) last issued its quarterly earnings results on Tuesday, February 20th. The real estate investment trust reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.01. American Campus Communities had a net margin of 8.67% and a return on equity of 1.96%. The company had revenue of $227.60 million during the quarter, compared to the consensus estimate of $200.28 million. During the same quarter in the previous year, the firm earned $0.65 earnings per share. The firm’s quarterly revenue was up 11.6% on a year-over-year basis. research analysts forecast that American Campus Communities will post 2.38 EPS for the current fiscal year.

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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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