American Campus Communities, Inc. (ACC) Receives $49.50 Consensus Price Target from Analysts

Shares of American Campus Communities, Inc. (NYSE:ACC) have been assigned a consensus recommendation of “Buy” from the seventeen brokerages that are covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $49.50.

A number of brokerages recently issued reports on ACC. Zacks Investment Research raised American Campus Communities from a “sell” rating to a “hold” rating in a research note on Monday, October 16th. FBR & Co reaffirmed a “buy” rating and set a $56.00 target price on shares of American Campus Communities in a research report on Tuesday, October 24th. B. Riley set a $56.00 target price on American Campus Communities and gave the company a “buy” rating in a research report on Thursday, December 7th. JPMorgan Chase & Co. lowered American Campus Communities from a “neutral” rating to an “underweight” rating and set a $45.00 target price for the company. in a research report on Friday, December 15th. Finally, Argus raised American Campus Communities from a “hold” rating to a “buy” rating in a research report on Thursday, October 26th.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. CIBC Asset Management Inc purchased a new position in shares of American Campus Communities in the 3rd quarter valued at $202,000. Cipher Capital LP purchased a new position in shares of American Campus Communities in the 3rd quarter valued at $244,000. Verition Fund Management LLC purchased a new position in shares of American Campus Communities in the 2nd quarter valued at $282,000. CrestPoint Capital Management LLC purchased a new position in shares of American Campus Communities in the 4th quarter valued at $246,000. Finally, Jane Street Group LLC purchased a new position in shares of American Campus Communities in the 3rd quarter valued at $347,000.

Shares of American Campus Communities (NYSE:ACC) traded down $0.35 during mid-day trading on Friday, hitting $35.54. The company had a trading volume of 71,277 shares, compared to its average volume of 909,767. American Campus Communities has a 52-week low of $34.52 and a 52-week high of $51.70. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.72 and a quick ratio of 0.72. The company has a market cap of $4,840.41, a price-to-earnings ratio of 87.54, a P/E/G ratio of 11.25 and a beta of 0.20.

The company also recently announced a quarterly dividend, which will be paid on Friday, February 16th. Shareholders of record on Friday, February 2nd will be given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 4.95%. The ex-dividend date is Thursday, February 1st. American Campus Communities’s dividend payout ratio (DPR) is presently 429.28%.

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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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