American Campus Communities (NYSE:ACC) was upgraded by research analysts at Sandler O’Neill from a “hold” rating to a “buy” rating in a research report issued on Friday, January 12th, MarketBeat reports. The firm currently has a $45.00 price objective on the real estate investment trust’s stock. Sandler O’Neill’s price objective would suggest a potential upside of 16.67% from the stock’s previous close.
Other research analysts have also recently issued reports about the stock. B. Riley set a $56.00 price objective on shares of American Campus Communities and gave the company a “buy” rating in a report on Thursday, December 7th. Argus upgraded shares of American Campus Communities from a “hold” rating to a “buy” rating in a report on Thursday, October 26th. FBR & Co reiterated a “buy” rating on shares of American Campus Communities in a report on Monday, September 25th. Zacks Investment Research upgraded shares of American Campus Communities from a “sell” rating to a “hold” rating in a report on Monday, October 23rd. Finally, Citigroup reiterated a “neutral” rating on shares of American Campus Communities in a report on Friday, October 27th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and ten have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $49.50.
Shares of American Campus Communities (NYSE ACC) opened at $38.57 on Friday. American Campus Communities has a 12 month low of $38.42 and a 12 month high of $51.70. The company has a market cap of $5,316.54, a P/E ratio of 94.08, a price-to-earnings-growth ratio of 12.30 and a beta of 0.28. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.79.
American Campus Communities (NYSE:ACC) last posted its quarterly earnings data on Monday, October 23rd. The real estate investment trust reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.46). American Campus Communities had a net margin of 7.16% and a return on equity of 1.58%. equities research analysts forecast that American Campus Communities will post 2.31 EPS for the current fiscal year.
A number of large investors have recently modified their holdings of ACC. CIBC Asset Management Inc acquired a new position in American Campus Communities in the 3rd quarter worth approximately $202,000. Raymond James Trust N.A. boosted its stake in American Campus Communities by 6.6% in the 2nd quarter. Raymond James Trust N.A. now owns 4,567 shares of the real estate investment trust’s stock worth $216,000 after purchasing an additional 283 shares during the period. Cipher Capital LP acquired a new position in American Campus Communities in the 3rd quarter worth approximately $244,000. CrestPoint Capital Management LLC acquired a new position in American Campus Communities in the 4th quarter worth approximately $246,000. Finally, Garner Asset Management Corp acquired a new position in American Campus Communities in the 2nd quarter worth approximately $247,000.
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American Campus Communities Company Profile
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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