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

According to Zacks, “American Campus Communities, Inc. is a fully integrated, self-managed and self-administered equity REIT with expertise in the acquisition, design, finance, development, construction management, leasing and management of student housing properties. “

A number of other brokerages also recently issued reports on ACC. Deutsche Bank AG reissued a “hold” rating and issued a $47.00 price target (up from $45.00) on shares of American Campus Communities in a report on Monday, July 18th. Canaccord Genuity reissued a “buy” rating and issued a $56.00 price target (up from $49.00) on shares of American Campus Communities in a report on Monday, July 11th. Citigroup Inc. boosted their price target on American Campus Communities from $45.00 to $52.00 and gave the company a “neutral” rating in a report on Thursday, July 7th. Hilliard Lyons downgraded American Campus Communities from a “neutral” rating to an “underperform” rating in a report on Friday, July 1st. Finally, FBR & Co initiated coverage on American Campus Communities in a report on Thursday, June 23rd. They issued an “outperform” rating and a $54.00 price target for the company. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $48.58.

Analyst Recommendations for American Campus Communities (NYSE:ACC)

American Campus Communities (NYSE:ACC) opened at 48.28 on Tuesday. The stock’s 50 day moving average price is $49.64 and its 200-day moving average price is $49.01. American Campus Communities has a 52-week low of $37.26 and a 52-week high of $54.56. The company has a market capitalization of $6.30 billion, a P/E ratio of 62.22 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, topping the Zacks’ consensus estimate 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 firm earned $186 million during the quarter, compared to the consensus estimate of $174.85 million. During the same quarter in the previous year, the company posted $0.57 earnings per share. The company’s revenue was up 4.6% compared to the same quarter last year. Analysts predict that American Campus Communities will post $2.25 earnings per share for the current fiscal year.

In other American Campus Communities news, EVP James E. Wilhelm III sold 6,349 shares of the business’s stock in a transaction 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 owns 41,603 shares of the company’s stock, valued at $2,184,573.53. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.65% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in ACC. Vanguard Group Inc. raised its position in American Campus Communities by 4.4% in the second quarter. Vanguard Group Inc. now owns 19,663,893 shares of the real estate investment trust’s stock worth $1,039,630,000 after buying an additional 825,902 shares during the period. Cohen & Steers Inc. raised its position in American Campus Communities by 175.6% in the second quarter. Cohen & Steers Inc. now owns 8,603,093 shares of the real estate investment trust’s stock worth $454,846,000 after buying an additional 5,481,735 shares during the period. BlackRock Fund Advisors raised its position in American Campus Communities by 4.3% in the second quarter. BlackRock Fund Advisors now owns 6,642,601 shares of the real estate investment trust’s stock worth $351,194,000 after buying an additional 276,606 shares during the period. State Street Corp raised its position in American Campus Communities by 2.0% in the second quarter. State Street Corp now owns 5,620,951 shares of the real estate investment trust’s stock worth $297,180,000 after buying an additional 112,274 shares during the period. Finally, BlackRock Institutional Trust Company N.A. raised its position in American Campus Communities by 2.5% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 5,554,093 shares of the real estate investment trust’s stock worth $293,645,000 after buying an additional 135,891 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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