Shares of American Campus Communities Inc. (NYSE:ACC) have received a consensus rating of “Hold” from the thirteen analysts that are currently covering the stock. Two equities research analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price target among analysts that have covered the stock in the last year is $49.86.

Several research analysts have issued reports on the stock. Deutsche Bank AG raised their price target on shares of American Campus Communities from $47.00 to $48.00 and gave the stock a “hold” rating in a report on Wednesday, August 10th. JPMorgan Chase & Co. raised their price target on shares of American Campus Communities from $47.00 to $48.00 and gave the stock a “neutral” rating in a report on Wednesday, July 27th. Canaccord Genuity restated a “buy” rating and set a $56.00 price target on shares of American Campus Communities in a report on Monday, July 25th. Zacks Investment Research lowered shares of American Campus Communities from a “buy” rating to a “hold” rating in a report on Tuesday, November 1st. Finally, FBR & Co restated a “buy” rating and set a $56.00 price target on shares of American Campus Communities in a report on Wednesday, October 26th.

American Campus Communities (NYSE:ACC) opened at 46.62 on Thursday. The firm has a market cap of $6.16 billion, a PE ratio of 57.99 and a beta of 0.26. American Campus Communities has a 12-month low of $37.75 and a 12-month high of $54.56. The stock has a 50 day moving average of $49.71 and a 200 day moving average of $49.64.

American Campus Communities (NYSE:ACC) last released its quarterly earnings results on Monday, October 24th. The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.02. American Campus Communities had a net margin of 13.00% and a return on equity of 3.11%. The firm earned $196.40 million during the quarter, compared to analyst estimates of $183.69 million. During the same quarter last year, the business earned $0.43 EPS. The company’s revenue was up 8.6% compared to the same quarter last year. On average, equities research analysts anticipate that American Campus Communities will post $2.27 EPS for the current fiscal year.

The firm also recently declared a dividend, which will be paid on Monday, November 28th. Investors of record on Monday, November 14th will be given a $0.42 dividend. The ex-dividend date of this dividend is Wednesday, November 9th. American Campus Communities’s payout ratio is currently 204.88%.

In related news, EVP Jennifer Beese sold 856 shares of American Campus Communities stock in a transaction on Friday, November 4th. The shares were sold at an average price of $48.45, for a total value of $41,473.20. Following the completion of the sale, the executive vice president now owns 31,475 shares of the company’s stock, valued at approximately $1,524,963.75. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider William C. Bayless, Jr. sold 12,409 shares of American Campus Communities stock in a transaction on Thursday, October 27th. The shares were sold at an average price of $50.11, for a total transaction of $621,814.99. Following the completion of the sale, the insider now directly owns 271,873 shares of the company’s stock, valued at approximately $13,623,556.03. The disclosure for this sale can be found here. 0.65% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of ACC. Solaris Asset Management LLC acquired a new stake in American Campus Communities during the third quarter valued at about $101,000. Citizens Financial Group Inc RI increased its position in 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 worth $105,000 after buying an additional 1,846 shares in the last quarter. North Star Investment Management Corp. purchased a new position in American Campus Communities during the second quarter worth about $106,000. Invictus RG purchased a new position in American Campus Communities during the second quarter worth about $107,000. Finally, Tower Research Capital LLC TRC increased its position in American Campus Communities by 25,664.3% in the third quarter. Tower Research Capital LLC TRC now owns 3,607 shares of the real estate investment trust’s stock worth $183,000 after buying an additional 3,593 shares in the last quarter.

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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