American Campus Communities (NYSE:ACC) Stock Rating Lowered by Zacks Investment Research

American Campus Communities (NYSE:ACC) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Tuesday, Zacks.com reports.

According to Zacks, “American Campus Communities, Inc. is a real estate investment trust (REIT). Through ACC’s controlling interest in American Campus Communities Operating Partnership L.P. (ACCOP), ACC is one of the largest owners, managers and developers of high quality student housing properties in the United States in terms of beds owned and under management. ACC is a fully integrated, self-managed and self-administered equity REIT with expertise in the acquisition, design, financing, development, construction management, leasing and management of student housing properties. “

ACC has been the subject of several other reports. Citigroup reduced their price objective on American Campus Communities from $51.00 to $28.00 and set a “neutral” rating for the company in a research note on Tuesday, April 7th. Goldman Sachs Group raised American Campus Communities from a “neutral” rating to a “buy” rating in a research note on Thursday, April 2nd. KeyCorp cut their target price on American Campus Communities from $51.00 to $45.00 and set an “overweight” rating for the company in a research note on Monday, April 20th. Deutsche Bank cut their target price on American Campus Communities from $52.00 to $37.00 and set a “hold” rating for the company in a research note on Thursday, April 16th. Finally, Evercore ISI raised American Campus Communities from an “in-line” rating to an “outperform” rating in a research note on Wednesday, March 25th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $44.75.

NYSE ACC traded up $0.35 during mid-day trading on Tuesday, hitting $34.81. The stock had a trading volume of 62,787 shares, compared to its average volume of 1,906,100. The firm’s 50 day moving average is $34.03 and its 200 day moving average is $38.65. American Campus Communities has a twelve month low of $20.13 and a twelve month high of $50.94. The company has a debt-to-equity ratio of 1.06, a current ratio of 4.17 and a quick ratio of 4.17. The stock has a market capitalization of $4.77 billion, a price-to-earnings ratio of 35.89 and a beta of 1.05.

American Campus Communities (NYSE:ACC) last posted its quarterly earnings data on Monday, April 20th. The real estate investment trust reported $0.58 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.68 by ($0.10). American Campus Communities had a net margin of 14.33% and a return on equity of 4.32%. The firm had revenue of $249.40 million during the quarter, compared to analyst estimates of $232.12 million. During the same period in the prior year, the company posted $0.71 earnings per share. The firm’s revenue for the quarter was up 3.0% compared to the same quarter last year. As a group, equities research analysts expect that American Campus Communities will post 2.21 earnings per share for the current year.

Several large investors have recently modified their holdings of ACC. Chevy Chase Trust Holdings Inc. acquired a new stake in shares of American Campus Communities during the 4th quarter worth about $26,000. Steward Partners Investment Advisory LLC increased its position in shares of American Campus Communities by 99,900.0% during the 1st quarter. Steward Partners Investment Advisory LLC now owns 1,000 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 999 shares during the last quarter. Van ECK Associates Corp acquired a new stake in shares of American Campus Communities during the 4th quarter worth about $38,000. FinTrust Capital Advisors LLC acquired a new stake in shares of American Campus Communities during the 1st quarter worth about $40,000. Finally, FMR LLC increased its position in shares of American Campus Communities by 1,518.3% during the 1st quarter. FMR LLC now owns 971 shares of the real estate investment trust’s stock worth $46,000 after purchasing an additional 911 shares during the last quarter. 93.33% of the stock is owned by hedge funds and other institutional investors.

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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