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.
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.
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