American Campus Communities (ACC) Rating Increased to Hold at Zacks Investment Research

American Campus Communities (NYSE:ACC) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Wednesday.

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. “

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Other analysts have also recently issued research reports about the stock. Sandler O’Neill reaffirmed a “buy” rating and issued a $43.00 price objective on shares of American Campus Communities in a report on Monday, February 26th. Hilliard Lyons raised shares of American Campus Communities from a “neutral” rating to a “buy” rating and set a $41.00 price objective on the stock in a report on Thursday, February 22nd. B. Riley set a $50.00 price objective on shares of American Campus Communities and gave the stock a “buy” rating in a report on Wednesday, February 21st. Citigroup dropped their price objective on shares of American Campus Communities from $45.00 to $41.00 and set a “neutral” rating on the stock in a report on Tuesday, March 13th. Finally, KeyCorp reaffirmed an “overweight” rating and issued a $47.00 price objective (down previously from $56.00) on shares of American Campus Communities in a report on Wednesday, December 20th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and eleven have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $47.58.

Shares of ACC stock opened at $36.35 on Wednesday. The firm has a market cap of $5,038.03, a price-to-earnings ratio of 72.70, a price-to-earnings-growth ratio of 11.82 and a beta of 0.24. American Campus Communities has a twelve month low of $34.52 and a twelve month high of $49.93. The company has a current ratio of 1.38, a quick ratio of 1.38 and a debt-to-equity ratio of 0.86.

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

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Xact Kapitalforvaltning AB bought a new position in American Campus Communities in the 4th quarter valued at about $501,000. Brookfield Asset Management Inc. grew its position in American Campus Communities by 7.2% in the 4th quarter. Brookfield Asset Management Inc. now owns 2,100,070 shares of the real estate investment trust’s stock valued at $86,166,000 after buying an additional 140,300 shares in the last quarter. MetLife Investment Advisors LLC bought a new position in American Campus Communities in the 4th quarter valued at about $3,542,000. Eii Capital Management Inc. grew its position in American Campus Communities by 5.5% in the 4th quarter. Eii Capital Management Inc. now owns 64,074 shares of the real estate investment trust’s stock valued at $2,629,000 after buying an additional 3,356 shares in the last quarter. Finally, Vident Investment Advisory LLC bought a new position in American Campus Communities in the 4th quarter valued at about $279,000.

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American Campus Communities Company Profile

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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Analyst Recommendations for American Campus Communities (NYSE:ACC)

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