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

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. “

Several other research analysts have also commented on ACC. Canaccord Genuity reiterated a “buy” rating and issued a $56.00 target price on shares of American Campus Communities in a research report on Monday, July 25th. JPMorgan Chase & Co. lifted their target price on American Campus Communities from $47.00 to $48.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 27th. Deutsche Bank AG lifted their target price on American Campus Communities from $47.00 to $48.00 and gave the stock a “hold” rating in a research report on Wednesday, August 10th. Capital One Financial Corp. initiated coverage on American Campus Communities in a research report on Friday, September 23rd. They issued an “equal weight” rating and a $49.00 target price for the company. Finally, Robert W. Baird upgraded American Campus Communities to an “outperform” rating in a research report on Wednesday, September 28th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $50.00.

Analyst Recommendations for American Campus Communities (NYSE:ACC)

American Campus Communities (NYSE:ACC) opened at 45.13 on Thursday. The stock has a market cap of $5.96 billion, a PE ratio of 56.13 and a beta of 0.26. American Campus Communities has a 52-week low of $37.75 and a 52-week high of $54.56. The firm has a 50-day moving average price of $49.71 and a 200 day moving average price of $49.64.

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, beating analysts’ consensus estimates of $0.43 by $0.02. American Campus Communities had a return on equity of 3.11% and a net margin of 13.00%. The firm earned $196.40 million during the quarter, compared to analyst estimates of $183.69 million. During the same quarter last year, the firm earned $0.43 EPS. American Campus Communities’s quarterly revenue was up 8.6% on a year-over-year basis. Equities analysts anticipate that American Campus Communities will post $2.27 earnings per share for the current year.

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

In other news, EVP Jennifer Beese sold 856 shares of the business’s stock in a transaction on Friday, November 4th. The stock was sold at an average price of $48.45, for a total value of $41,473.20. Following 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider William C. Bayless, Jr. sold 12,409 shares of the business’s stock in a transaction on Thursday, October 27th. The stock was sold at an average price of $50.11, for a total value of $621,814.99. Following the completion of the sale, the insider now directly owns 271,873 shares in the company, valued at approximately $13,623,556.03. The disclosure for this sale can be found here. Company insiders own 0.65% of the company’s stock.

Hedge funds have recently bought and sold shares of the company. Solaris Asset Management LLC purchased a new stake in American Campus Communities during the third quarter worth approximately $101,000. Citizens Financial Group Inc RI increased its stake 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 stake in American Campus Communities during the second quarter worth approximately $106,000. Invictus RG purchased a new stake in American Campus Communities during the second quarter worth approximately $107,000. Finally, TLP Group LLC purchased a new stake in American Campus Communities during the third quarter worth approximately $124,000.

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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