American Campus Communities, Inc. (NYSE:ACC) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as $48.57 and last traded at $48.32, with a volume of 10871 shares trading hands. The stock had previously closed at $48.32.

ACC has been the topic of several recent analyst reports. JMP Securities reiterated an “outperform” rating and set a $225.00 target price (up from $220.00) on shares of Workday in a research note on Wednesday, May 29th. KeyCorp set a $37.00 target price on SeaWorld Entertainment and gave the company a “buy” rating in a research note on Tuesday, March 19th. Capital One Financial upgraded American Campus Communities from an “equal weight” rating to an “overweight” rating in a research note on Monday. ValuEngine upgraded Vistra Energy from a “hold” rating to a “buy” rating in a research note on Wednesday, July 3rd. Finally, Robert W. Baird restated a “neutral” rating and issued a $13.00 price target (down from $18.00) on shares of Bed Bath & Beyond in a research note on Thursday. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. American Campus Communities currently has an average rating of “Buy” and an average price target of $48.83.

The stock has a market cap of $6.74 billion, a PE ratio of 21.10 and a beta of 0.39. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.89. The firm has a 50 day simple moving average of $46.99.

American Campus Communities (NYSE:ACC) last released its quarterly earnings results on Monday, April 22nd. The real estate investment trust reported $0.69 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.65 by $0.04. The firm had revenue of $242.10 million for the quarter, compared to the consensus estimate of $226.72 million. American Campus Communities had a return on equity of 3.21% and a net margin of 13.39%. The company’s revenue for the quarter was up 9.8% on a year-over-year basis. During the same period last year, the business posted $0.65 EPS. Equities analysts anticipate that American Campus Communities, Inc. will post 2.42 earnings per share for the current year.

Several hedge funds have recently added to or reduced their stakes in ACC. AJO LP boosted its stake in shares of American Campus Communities by 2,547.8% in the 1st quarter. AJO LP now owns 2,349,473 shares of the real estate investment trust’s stock worth $111,788,000 after buying an additional 2,260,741 shares during the last quarter. Norges Bank bought a new position in American Campus Communities in the 4th quarter worth $55,777,000. CIBC Private Wealth Group LLC bought a new position in American Campus Communities in the 1st quarter worth $30,155,000. Millennium Management LLC raised its holdings in American Campus Communities by 466.7% in the 4th quarter. Millennium Management LLC now owns 378,863 shares of the real estate investment trust’s stock worth $15,681,000 after purchasing an additional 312,008 shares during the period. Finally, Foresters Investment Management Company Inc. bought a new position in American Campus Communities in the 4th quarter worth $8,857,000. Hedge funds and other institutional investors own 97.00% of the company’s stock.

American Campus Communities Company Profile (NYSE:ACC)

American Campus Communities, Inc is the largest owner, manager and developer of high-quality student housing communities in the United States. The company is a fully integrated, self-managed and self-administered equity real estate investment trust (REIT) with expertise in the design, finance, development, construction management and operational management of student housing properties.

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