American Campus Communities Inc. (NYSE:ACC) Given Average Recommendation of “Hold” by Analysts
American Campus Communities Inc. (NYSE:ACC) has earned an average rating of “Hold” from the thirteen ratings firms that are covering the firm. Two analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $50.63.
Several research analysts have recently issued reports on ACC shares. FBR & Co started coverage on American Campus Communities in a research note on Thursday, June 23rd. They set an “outperform” rating and a $54.00 price target for the company. Hilliard Lyons downgraded American Campus Communities from a “neutral” rating to an “underperform” rating in a research note on Friday, July 1st. Citigroup Inc. lifted their price target 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. Canaccord Genuity reaffirmed a “buy” rating and set a $56.00 price target (up previously from $49.00) on shares of American Campus Communities in a research note on Monday, July 11th. Finally, Zacks Investment Research raised American Campus Communities from a “hold” rating to a “buy” rating and set a $59.00 price target for the company in a research note on Wednesday, July 13th.
In other news, EVP James E. Wilhelm III sold 6,349 shares of the stock in a transaction dated Monday, August 8th. The shares were 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 in the company, valued at approximately $2,184,573.53. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.65% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Citizens Financial Group Inc RI raised its position in shares of American Campus Communities by 1,255.8% in the second quarter. Citizens Financial Group Inc RI now owns 1,993 shares of the real estate investment trust’s stock valued at $105,000 after buying an additional 1,846 shares during the last quarter. North Star Investment Management Corp. acquired a new position in American Campus Communities during the second quarter valued at approximately $106,000. Invictus RG acquired a new position in American Campus Communities during the second quarter valued at approximately $107,000. Friess Associates LLC acquired a new position in American Campus Communities during the first quarter valued at approximately $151,000. Finally, BTR Capital Management Inc. acquired a new position in American Campus Communities during the second quarter valued at approximately $201,000.
Shares of American Campus Communities (NYSE:ACC) traded up 1.33% on Thursday, reaching $48.04. 776,630 shares of the company’s stock traded hands. The stock’s 50-day moving average price is $50.01 and its 200-day moving average price is $48.95. American Campus Communities has a 52 week low of $37.25 and a 52 week high of $54.56. The stock has a market capitalization of $6.27 billion, a price-to-earnings ratio of 61.91 and a beta of 0.29.
American Campus Communities (NYSE:ACC) last released its earnings results on Monday, July 25th. The real estate investment trust reported $0.54 EPS for the quarter, beating analysts’ consensus estimates of $0.52 by $0.02. American Campus Communities had a return on equity of 3.02% and a net margin of 12.26%. The company earned $186 million during the quarter, compared to the consensus estimate of $174.85 million. During the same quarter last year, the company earned $0.57 earnings per share. American Campus Communities’s quarterly revenue was up 4.6% compared to the same quarter last year. Equities analysts predict that American Campus Communities will post $2.25 EPS for the current year.
About American Campus Communities
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.
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