Zacks Investment Research upgraded shares of American Campus Communities Inc. (NYSE:ACC) from a hold rating to a buy rating in a research report released on Wednesday morning. Zacks Investment Research currently has $52.00 price objective on the real estate investment trust’s stock.

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. “

Other analysts also recently issued research reports about the stock. JPMorgan Chase & Co. upped their price target on shares of American Campus Communities from $47.00 to $48.00 and gave the company a neutral rating in a research report on Wednesday, July 27th. FBR & Co reiterated a buy rating and issued a $56.00 price target on shares of American Campus Communities in a research report on Wednesday, October 26th. Robert W. Baird upgraded shares of American Campus Communities to an outperform rating in a research report on Wednesday, September 28th. Canaccord Genuity set a $59.00 price target on shares of American Campus Communities and gave the company a buy rating in a research report on Monday, October 24th. Finally, Capital One Financial Corp. began coverage on shares of American Campus Communities in a research report on Friday, September 23rd. They issued an equal weight rating and a $49.00 price target for the company. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and an average target price of $50.00.

American Campus Communities (NYSE:ACC) traded down 0.011% during trading on Wednesday, reaching $45.735. 89,603 shares of the company’s stock traded hands. The stock has a market cap of $6.04 billion, a P/E ratio of 56.884 and a beta of 0.26. The firm’s 50 day moving average price is $49.30 and its 200-day moving average price is $49.70. American Campus Communities has a one year low of $37.75 and a one year high of $54.56.

American Campus Communities (NYSE:ACC) last issued its quarterly earnings data on Monday, October 24th. The real estate investment trust reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.02. The business earned $196.40 million during the quarter, compared to the consensus estimate of $183.69 million. American Campus Communities had a net margin of 13.00% and a return on equity of 3.11%. The company’s revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.43 EPS. On average, equities analysts anticipate that American Campus Communities will post $2.26 earnings per share for the current fiscal year.

The company also recently announced a dividend, which will be paid on Monday, November 28th. Shareholders of record on Monday, November 14th will be issued a $0.42 dividend. The ex-dividend date is Wednesday, November 9th. American Campus Communities’s dividend payout ratio (DPR) is 204.88%.

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

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Riverhead Capital Management LLC raised its position in shares of American Campus Communities by 1.7% in the first quarter. Riverhead Capital Management LLC now owns 20,948 shares of the real estate investment trust’s stock valued at $987,000 after buying an additional 348 shares during the last quarter. Geode Capital Management LLC raised its position in shares of American Campus Communities by 20.6% in the first quarter. Geode Capital Management LLC now owns 1,008,856 shares of the real estate investment trust’s stock valued at $47,507,000 after buying an additional 172,475 shares during the last quarter. AMP Capital Investors Ltd raised its position in shares of American Campus Communities by 1.2% in the first quarter. AMP Capital Investors Ltd now owns 49,612 shares of the real estate investment trust’s stock valued at $2,305,000 after buying an additional 600 shares during the last quarter. Legal & General Group Plc raised its position in shares of American Campus Communities by 16.0% in the first quarter. Legal & General Group Plc now owns 286,329 shares of the real estate investment trust’s stock valued at $13,481,000 after buying an additional 39,560 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its position in shares of American Campus Communities by 11.7% in the first quarter. Envestnet Asset Management Inc. now owns 69,616 shares of the real estate investment trust’s stock valued at $3,278,000 after buying an additional 7,306 shares during the last quarter.

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.

5 Day Chart for NYSE:ACC

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