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.
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.
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