American Campus Communities Inc. (NYSE:ACC)‘s stock had its “buy” rating reiterated by analysts at Canaccord Genuity in a research note issued on Thursday. They presently have a $59.00 target price on the real estate investment trust’s stock. Canaccord Genuity’s price target would suggest a potential upside of 24.45% from the stock’s previous close.

ACC has been the topic of a number of other reports. FBR & Co initiated coverage on American Campus Communities in a research note on Thursday, June 23rd. They issued an “outperform” rating and a $54.00 price objective on the stock. Hilliard Lyons lowered American Campus Communities from a “neutral” rating to an “underperform” rating in a research note on Friday, July 1st. Citigroup Inc. lifted their price objective on American Campus Communities from $45.00 to $52.00 and gave the stock a “neutral” rating in a research note on Thursday, July 7th. Zacks Investment Research raised American Campus Communities from a “hold” rating to a “buy” rating and set a $59.00 price objective on the stock in a research note on Wednesday, July 13th. Finally, JMP Securities lowered American Campus Communities from an “outperform” rating to a “market perform” rating in a research note on Monday, July 18th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $48.58.

American Campus Communities (NYSE:ACC) opened at 47.41 on Thursday. The stock’s 50 day moving average is $50.01 and its 200 day moving average is $48.95. American Campus Communities has a 52 week low of $37.25 and a 52 week high of $54.56. The company has a market capitalization of $6.19 billion, a PE ratio of 61.10 and a beta of 0.29.

American Campus Communities (NYSE:ACC) last released its quarterly earnings results on Monday, July 25th. The real estate investment trust reported $0.54 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.02. The company had revenue of $186 million for the quarter, compared to analysts’ expectations of $174.85 million. American Campus Communities had a return on equity of 3.02% and a net margin of 12.26%. The business’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.57 earnings per share. Analysts predict that American Campus Communities will post $2.25 EPS for the current fiscal year.

In other news, EVP James E. Wilhelm III sold 6,349 shares of the company’s stock in a transaction that occurred on Monday, August 8th. The stock was sold at an average price of $52.51, for a total transaction of $333,385.99. Following the transaction, the executive vice president now directly owns 41,603 shares of the company’s stock, valued at $2,184,573.53. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.65% of the company’s stock.

Several institutional investors have recently modified their holdings of ACC. NN Investment Partners Holdings N.V. purchased a new position in shares of American Campus Communities during the first quarter worth $1,176,000. JPMorgan Chase & Co. increased its stake in shares of American Campus Communities by 66.9% in the first quarter. JPMorgan Chase & Co. now owns 6,655,242 shares of the real estate investment trust’s stock valued at $313,397,000 after buying an additional 2,667,625 shares during the period. BlackRock Japan Co. Ltd increased its stake in shares of American Campus Communities by 16.1% in the first quarter. BlackRock Japan Co. Ltd now owns 6,829 shares of the real estate investment trust’s stock valued at $322,000 after buying an additional 945 shares during the period. BlackRock Institutional Trust Company N.A. increased its stake in shares of American Campus Communities by 14.3% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 5,418,202 shares of the real estate investment trust’s stock valued at $255,143,000 after buying an additional 678,685 shares during the period. Finally, BlackRock Fund Advisors increased its stake in shares of American Campus Communities by 16.1% in the first quarter. BlackRock Fund Advisors now owns 6,365,995 shares of the real estate investment trust’s stock valued at $299,775,000 after buying an additional 882,184 shares during the period.

American Campus Communities Company Profile

American Campus Communities, Inc is a self-managed and self-administered equity real estate investment trust. 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.

5 Day Chart for NYSE:ACC

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