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.
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