American Campus Communities (NYSE:ACC) Raised to “Buy” at Sandler O’Neill

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.

Analyst Recommendations for American Campus Communities (NYSE:ACC)

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