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.

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

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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Analyst Recommendations for American Campus Communities (NYSE:ACC)

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