American Campus Communities Inc (NYSE:ACC) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Monday.

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 analysts also recently weighed in on ACC. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of American Campus Communities in a research note on Thursday, August 10th. FBR & Co reaffirmed a “buy” rating on shares of American Campus Communities in a research note on Monday, September 25th. Sandler O’Neill downgraded shares of American Campus Communities from a “buy” rating to a “hold” rating and decreased their price target for the company from $55.00 to $50.00 in a research note on Wednesday, July 26th. BidaskClub raised shares of American Campus Communities from a “hold” rating to a “buy” rating in a research note on Tuesday, July 25th. Finally, JMP Securities raised shares of American Campus Communities from a “market perform” rating to an “outperform” rating and set a $55.00 price target for the company in a research note on Monday, July 10th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $53.67.

Shares of American Campus Communities (ACC) traded down 0.34% during mid-day trading on Monday, reaching $43.47. The company had a trading volume of 509,596 shares. American Campus Communities has a one year low of $43.34 and a one year high of $52.53. The company has a market capitalization of $5.93 billion, a price-to-earnings ratio of 89.81 and a beta of 0.26. The company has a 50 day moving average price of $46.08 and a 200 day moving average price of $47.13.

American Campus Communities (NYSE:ACC) last posted its quarterly earnings results on Monday, July 24th. The real estate investment trust reported $0.53 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by ($0.01). American Campus Communities had a net margin of 8.59% and a return on equity of 1.90%. The company had revenue of $169.90 million for the quarter, compared to the consensus estimate of $169.50 million. During the same period in the prior year, the firm posted $0.54 EPS. The business’s revenue was down 3.1% on a year-over-year basis. On average, analysts anticipate that American Campus Communities will post $0.63 EPS for the current year.

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Large investors have recently modified their holdings of the stock. Raymond James Trust N.A. raised its stake in American Campus Communities by 6.6% in the second quarter. Raymond James Trust N.A. now owns 4,567 shares of the real estate investment trust’s stock worth $216,000 after buying an additional 283 shares in the last quarter. Garner Asset Management Corp bought a new position in American Campus Communities in the second quarter worth approximately $247,000. Bridgewater Wealth & Financial Management LLC raised its stake in American Campus Communities by 1.3% in the second quarter. Bridgewater Wealth & Financial Management LLC now owns 5,813 shares of the real estate investment trust’s stock worth $275,000 after buying an additional 75 shares in the last quarter. Stifel Financial Corp raised its stake in American Campus Communities by 5.6% in the first quarter. Stifel Financial Corp now owns 5,769 shares of the real estate investment trust’s stock worth $277,000 after buying an additional 308 shares in the last quarter. Finally, Verition Fund Management LLC bought a new position in American Campus Communities in the second quarter worth approximately $282,000.

About American Campus Communities

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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