American Campus Communities Inc (NYSE:ACC) Downgraded by Zacks Investment Research

American Campus Communities Inc (NYSE:ACC) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Monday, October 30th.

According to Zacks, “American Campus Communities, Inc. is a fully integrated, self-managed and self-administered equity REIT with expertise in the acquisition, design, finance, development, construction management, leasing and management of student housing properties. “

Other equities research analysts also recently issued reports about the stock. Argus upgraded shares of American Campus Communities from a “hold” rating to a “buy” rating in a research report on Thursday, October 26th. FBR & Co restated a “buy” rating and issued a $56.00 price target on shares of American Campus Communities in a research report on Tuesday, October 24th. KeyCorp restated a “buy” rating and issued a $56.00 price target on shares of American Campus Communities in a research report on Friday, August 25th. BidaskClub upgraded shares of American Campus Communities from a “hold” rating to a “buy” rating in a research report on Tuesday, July 25th. Finally, Canaccord Genuity reiterated a “buy” rating and set a $56.00 target price on shares of American Campus Communities in a research report on Monday, July 24th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $51.75.

Shares of American Campus Communities (NYSE:ACC) opened at $42.69 on Monday. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.79. American Campus Communities has a 1 year low of $41.06 and a 1 year high of $51.70. The company has a market cap of $5,828.14, a P/E ratio of 19.16, a P/E/G ratio of 14.14 and a beta of 0.27.

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Several hedge funds and other institutional investors have recently bought and sold shares of ACC. Stifel Financial Corp grew its stake in shares of American Campus Communities by 5.6% in the 1st quarter. Stifel Financial Corp now owns 5,769 shares of the real estate investment trust’s stock worth $277,000 after acquiring an additional 308 shares in the last quarter. Morgan Stanley grew its position in American Campus Communities by 40.7% during the first quarter. Morgan Stanley now owns 411,317 shares of the real estate investment trust’s stock valued at $19,575,000 after buying an additional 118,937 shares during the period. AQR Capital Management LLC grew its position in American Campus Communities by 9.0% during the first quarter. AQR Capital Management LLC now owns 73,674 shares of the real estate investment trust’s stock valued at $3,506,000 after buying an additional 6,068 shares during the period. Paloma Partners Management Co bought a new position in American Campus Communities during the first quarter valued at about $1,166,000. Finally, Tudor Investment Corp ET AL bought a new position in American Campus Communities during the first quarter valued at about $495,000.

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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