American Campus Communities (NYSE:ACC) Stock Rating Upgraded by Capital One Financial
Capital One Financial upgraded shares of American Campus Communities (NYSE:ACC) from an equal weight rating to an overweight rating in a research note issued to investors on Monday morning, Briefing.com Automated Import reports. Capital One Financial also issued estimates for American Campus Communities’ Q2 2019 earnings at $0.51 EPS, Q3 2019 earnings at $0.42 EPS, FY2019 earnings at $2.40 EPS and FY2020 earnings at $2.53 EPS.
ACC has been the topic of several other reports. Zacks Investment Research cut GenMark Diagnostics from a hold rating to a sell rating in a research note on Wednesday, April 24th. JMP Securities reissued an outperform rating and set a $225.00 price objective (up from $220.00) on shares of Workday in a research note on Wednesday, May 29th. KeyCorp set a $37.00 price objective on SeaWorld Entertainment and gave the stock a buy rating in a research note on Tuesday, March 19th. Finally, ValuEngine raised Vistra Energy from a hold rating to a buy rating in a research note on Wednesday, July 3rd. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average target price of $48.83.
Shares of NYSE ACC opened at $48.75 on Monday. The stock’s 50 day moving average is $46.99. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.89. American Campus Communities has a 1-year low of $38.40 and a 1-year high of $49.33. The company has a market capitalization of $6.74 billion, a PE ratio of 21.10 and a beta of 0.39.
Large investors have recently made changes to their positions in the business. Parallel Advisors LLC boosted its position in shares of American Campus Communities by 97.5% during the first quarter. Parallel Advisors LLC now owns 630 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 311 shares during the period. Pinnacle Bank purchased a new stake in shares of American Campus Communities in the fourth quarter valued at approximately $31,000. JOYN Advisors Inc. boosted its holdings in shares of American Campus Communities by 143.9% in the fourth quarter. JOYN Advisors Inc. now owns 912 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 538 shares during the period. FMR LLC boosted its holdings in shares of American Campus Communities by 1,518.3% in the first quarter. FMR LLC now owns 971 shares of the real estate investment trust’s stock valued at $46,000 after purchasing an additional 911 shares during the period. Finally, Penserra Capital Management LLC purchased a new stake in shares of American Campus Communities in the first quarter valued at approximately $59,000. Institutional investors and hedge funds own 97.00% of the company’s stock.
American Campus Communities Company Profile
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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