American Campus Communities, Inc. (ACC) Given Average Rating of “Buy” by Analysts
American Campus Communities, Inc. (NYSE:ACC) has earned a consensus rating of “Buy” from the seventeen analysts that are presently covering the company, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, four have given a hold recommendation and ten have assigned a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $49.50.
A number of brokerages have recently commented on ACC. B. Riley restated a “buy” rating on shares of American Campus Communities in a research note on Wednesday, November 1st. FBR & Co restated a “buy” rating on shares of American Campus Communities in a research note on Monday, September 25th. Sandler O’Neill upgraded American Campus Communities from a “hold” rating to a “buy” rating and set a $45.00 target price on the stock in a research note on Friday, January 12th. Robert W. Baird reduced their price target on American Campus Communities from $51.00 to $47.00 and set an “outperform” rating for the company in a report on Tuesday, October 31st. Finally, Zacks Investment Research cut American Campus Communities from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th.
Shares of American Campus Communities (NYSE ACC) traded down $0.04 on Tuesday, hitting $38.53. The stock had a trading volume of 724,656 shares, compared to its average volume of 733,965. American Campus Communities has a 1 year low of $38.29 and a 1 year high of $51.70. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.79. The stock has a market capitalization of $5,256.49, a P/E ratio of 93.98, a price-to-earnings-growth ratio of 12.21 and a beta of 0.28.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Cohen & Steers Inc. raised its holdings in American Campus Communities by 20.2% in the 3rd quarter. Cohen & Steers Inc. now owns 16,080,372 shares of the real estate investment trust’s stock worth $709,948,000 after purchasing an additional 2,704,851 shares during the period. Crossmark Global Holdings Inc. acquired a new position in American Campus Communities in the 3rd quarter worth about $647,000. Sarasin & Partners LLP raised its holdings in American Campus Communities by 33.6% in the 3rd quarter. Sarasin & Partners LLP now owns 172,791 shares of the real estate investment trust’s stock worth $7,629,000 after purchasing an additional 43,418 shares during the period. Stevens Capital Management LP acquired a new position in American Campus Communities in the 3rd quarter worth about $1,799,000. Finally, Stifel Financial Corp raised its holdings in American Campus Communities by 55.4% in the 3rd quarter. Stifel Financial Corp now owns 7,996 shares of the real estate investment trust’s stock worth $352,000 after purchasing an additional 2,850 shares during the period.
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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.
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