Shares of American Campus Communities Inc (NYSE:ACC) have been given an average rating of “Buy” by the thirteen analysts that are currently covering the stock, Marketbeat.com reports. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $52.50.

Several research analysts have recently weighed in on the stock. JMP Securities raised shares of American Campus Communities from a “market perform” rating to an “outperform” rating and set a $55.00 target price on the stock in a research report on Monday, July 10th. Zacks Investment Research raised shares of American Campus Communities from a “hold” rating to a “buy” rating and set a $54.00 target price on the stock in a research report on Wednesday, June 28th. Cantor Fitzgerald reissued an “overweight” rating on shares of American Campus Communities in a research report on Thursday, August 10th. Evercore ISI raised shares of American Campus Communities from an “underperform” rating to an “in-line” rating and lifted their target price for the stock from $48.00 to $49.00 in a research report on Monday, June 19th. Finally, TheStreet downgraded shares of American Campus Communities from a “b” rating to a “c+” rating in a research report on Monday, July 24th.

Several hedge funds have recently bought and sold shares of ACC. Janney Montgomery Scott LLC boosted its holdings in shares of American Campus Communities by 0.3% during the first quarter. Janney Montgomery Scott LLC now owns 8,530 shares of the real estate investment trust’s stock worth $406,000 after purchasing an additional 24 shares during the period. Canada Pension Plan Investment Board boosted its holdings in shares of American Campus Communities by 102.4% during the first quarter. Canada Pension Plan Investment Board now owns 8,500 shares of the real estate investment trust’s stock worth $405,000 after purchasing an additional 4,300 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its holdings in shares of American Campus Communities by 2.0% during the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 20,565 shares of the real estate investment trust’s stock worth $979,000 after purchasing an additional 394 shares during the period. Great West Life Assurance Co. Can boosted its holdings in shares of American Campus Communities by 3.2% during the first quarter. Great West Life Assurance Co. Can now owns 142,315 shares of the real estate investment trust’s stock worth $6,769,000 after purchasing an additional 4,404 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in shares of American Campus Communities by 6.8% during the first quarter. Bank of New York Mellon Corp now owns 1,653,144 shares of the real estate investment trust’s stock worth $78,673,000 after purchasing an additional 105,265 shares during the period.

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Shares of American Campus Communities (NYSE ACC) traded up 0.36% during trading on Wednesday, hitting $47.75. 544,837 shares of the company traded hands. American Campus Communities has a one year low of $44.65 and a one year high of $52.53. The firm has a 50 day moving average price of $47.53 and a 200-day moving average price of $47.60. The stock has a market cap of $6.51 billion, a price-to-earnings ratio of 98.66 and a beta of 0.25.

American Campus Communities (NYSE:ACC) last announced its quarterly earnings data on Monday, July 24th. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by ($0.01). The business had revenue of $169.90 million during the quarter, compared to analyst estimates of $169.50 million. American Campus Communities had a return on equity of 1.90% and a net margin of 8.59%. The business’s revenue for the quarter was down 3.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.54 EPS. Analysts predict that American Campus Communities will post $0.68 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, August 25th. Investors of record on Monday, August 14th were issued a dividend of $0.44 per share. This is a boost from American Campus Communities’s previous quarterly dividend of $0.42. This represents a $1.76 annualized dividend and a dividend yield of 3.69%. The ex-dividend date of this dividend was Thursday, August 10th. American Campus Communities’s dividend payout ratio (DPR) is currently 359.18%.

American Campus Communities Company Profile

American Campus Communities, Inc is a self-managed and self-administered equity real estate investment trust (REIT). 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.

Analyst Recommendations for American Campus Communities (NYSE:ACC)

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