Brokerages Set American Campus Communities, Inc. (ACC) Target Price at $49.50

American Campus Communities, Inc. (NYSE:ACC) has been given a consensus rating of “Buy” by the seventeen brokerages that are currently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and ten have given a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $49.50.

ACC has been the subject of several research reports. JPMorgan Chase & Co. cut shares of American Campus Communities from a “neutral” rating to an “underweight” rating and set a $45.00 price target for the company. in a research note on Friday, December 15th. KeyCorp reissued an “overweight” rating and issued a $47.00 price objective (down previously from $56.00) on shares of American Campus Communities in a report on Wednesday, December 20th. FBR & Co reissued a “buy” rating and issued a $56.00 price objective on shares of American Campus Communities in a report on Tuesday, October 24th. B. Riley set a $56.00 price objective on American Campus Communities and gave the company a “buy” rating in a report on Tuesday, November 14th. Finally, Citigroup reissued a “neutral” rating on shares of American Campus Communities in a report on Friday, October 27th.

Institutional investors have recently made changes to their positions in the business. Raymond James Trust N.A. lifted its holdings in American Campus Communities by 6.6% during the 2nd quarter. Raymond James Trust N.A. now owns 4,567 shares of the real estate investment trust’s stock valued at $216,000 after purchasing an additional 283 shares during the last quarter. CIBC Asset Management Inc acquired a new stake in shares of American Campus Communities during the third quarter worth $202,000. Garner Asset Management Corp acquired a new stake in shares of American Campus Communities during the second quarter worth $247,000. Cipher Capital LP acquired a new stake in shares of American Campus Communities during the third quarter worth $244,000. Finally, Verition Fund Management LLC acquired a new stake in shares of American Campus Communities during the second quarter worth $282,000.

Shares of American Campus Communities (ACC) traded down $0.04 on Tuesday, hitting $38.53. 724,656 shares of the stock traded hands, compared to its average volume of 871,538. The company has a market cap of $5,250.00, a PE ratio of 96.33, a P/E/G ratio of 12.30 and a beta of 0.28. American Campus Communities has a one year low of $38.29 and a one year high of $51.70. 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 issued its quarterly earnings results on Monday, October 23rd. The real estate investment trust reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.46). American Campus Communities had a return on equity of 1.58% and a net margin of 7.16%. equities research analysts forecast that American Campus Communities will post 2.31 EPS for the current year.

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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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