American Campus Communities, Inc. (NYSE:ACC) has earned an average recommendation of “Hold” from the fourteen brokerages that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company. The average 1-year target price among analysts that have covered the stock in the last year is $44.83.
Several research firms have recently weighed in on ACC. ValuEngine raised American Campus Communities from a “sell” rating to a “hold” rating in a research report on Wednesday, September 12th. TheStreet cut American Campus Communities from a “b-” rating to a “c” rating in a research report on Monday, October 22nd. JMP Securities reissued a “buy” rating and issued a $49.00 price objective on shares of American Campus Communities in a research report on Tuesday, October 16th. Zacks Investment Research raised American Campus Communities from a “sell” rating to a “hold” rating in a research report on Wednesday, September 26th. Finally, Deutsche Bank increased their price objective on American Campus Communities from $42.00 to $45.00 and gave the company a “hold” rating in a research report on Wednesday, September 5th.
In related news, EVP Cardenas Jorge De sold 11,262 shares of the firm’s stock in a transaction on Tuesday, November 27th. The stock was sold at an average price of $43.07, for a total value of $485,054.34. Following the completion of the transaction, the executive vice president now directly owns 32,466 shares of the company’s stock, valued at $1,398,310.62. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.67% of the stock is owned by company insiders.
A number of hedge funds have recently modified their holdings of ACC. Cbre Clarion Securities LLC bought a new position in American Campus Communities in the second quarter worth $114,290,000. JPMorgan Chase & Co. raised its stake in American Campus Communities by 39.2% during the third quarter. JPMorgan Chase & Co. now owns 6,597,994 shares of the real estate investment trust’s stock worth $271,572,000 after acquiring an additional 1,858,226 shares in the last quarter. Alliancebernstein L.P. raised its stake in American Campus Communities by 41.2% during the third quarter. Alliancebernstein L.P. now owns 2,679,920 shares of the real estate investment trust’s stock worth $110,306,000 after acquiring an additional 781,661 shares in the last quarter. Jennison Associates LLC raised its stake in American Campus Communities by 106.9% during the third quarter. Jennison Associates LLC now owns 1,052,432 shares of the real estate investment trust’s stock worth $43,318,000 after acquiring an additional 543,804 shares in the last quarter. Finally, Sei Investments Co. raised its stake in American Campus Communities by 6,984.9% during the second quarter. Sei Investments Co. now owns 515,358 shares of the real estate investment trust’s stock worth $22,098,000 after acquiring an additional 508,084 shares in the last quarter. 98.24% of the stock is owned by hedge funds and other institutional investors.
Shares of ACC traded up $0.02 during mid-day trading on Friday, hitting $43.78. The company’s stock had a trading volume of 12,079 shares, compared to its average volume of 585,695. American Campus Communities has a one year low of $34.52 and a one year high of $44.10. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.83. The stock has a market capitalization of $5.84 billion, a price-to-earnings ratio of 19.00 and a beta of 0.25.
American Campus Communities (NYSE:ACC) last posted its quarterly earnings data on Monday, October 22nd. The real estate investment trust reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.45). American Campus Communities had a net margin of 12.60% and a return on equity of 3.25%. The business had revenue of $213.50 million during the quarter, compared to the consensus estimate of $201.92 million. During the same period in the prior year, the company posted $0.43 earnings per share. The firm’s revenue was up 8.4% compared to the same quarter last year. Equities analysts predict that American Campus Communities will post 2.31 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, November 26th. Investors of record on Monday, November 12th were given a $0.46 dividend. The ex-dividend date was Thursday, November 8th. This represents a $1.84 annualized dividend and a yield of 4.20%. American Campus Communities’s dividend payout ratio (DPR) is currently 79.65%.
About American Campus Communities
American Campus Communities, Inc is the largest owner, manager and developer of high-quality student housing communities in the United States. The company is a fully integrated, self-managed and self-administered equity real estate investment trust (REIT) with expertise in the design, finance, development, construction management and operational management of student housing properties.
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