American Campus Communities (ACC) Upgraded at JPMorgan Chase & Co.

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American Campus Communities (NYSE:ACC) was upgraded by equities researchers at JPMorgan Chase & Co. from an “underweight” rating to a “neutral” rating in a research report issued to clients and investors on Wednesday, The Fly reports.

A number of other equities research analysts have also recently issued reports on ACC. Zacks Investment Research upgraded shares of American Campus Communities from a “sell” rating to a “hold” rating in a report on Tuesday, August 21st. Deutsche Bank upped their price target on shares of American Campus Communities from $42.00 to $45.00 and gave the company a “hold” rating in a report on Wednesday, September 5th. ValuEngine raised shares of American Campus Communities from a “sell” rating to a “hold” rating in a research report on Wednesday, September 12th. JMP Securities reaffirmed a “buy” rating and set a $49.00 price objective on shares of American Campus Communities in a research report on Tuesday, October 16th. Finally, TheStreet lowered shares of American Campus Communities from a “b-” rating to a “c” rating in a research report on Monday, October 22nd. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. American Campus Communities currently has a consensus rating of “Buy” and a consensus target price of $44.75.

ACC stock opened at $42.49 on Wednesday. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.57 and a quick ratio of 1.57. American Campus Communities has a 52-week low of $34.52 and a 52-week high of $44.11. The stock has a market cap of $5.76 billion, a price-to-earnings ratio of 18.39 and a beta of 0.25.

American Campus Communities (NYSE:ACC) last released its quarterly earnings results on Monday, October 22nd. The real estate investment trust reported ($0.02) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.43 by ($0.45). American Campus Communities had a net margin of 12.60% and a return on equity of 3.25%. The firm had revenue of $213.50 million for the quarter, compared to the consensus estimate of $201.92 million. During the same quarter last year, the company earned $0.43 earnings per share. The firm’s revenue was up 8.4% on a year-over-year basis. As a group, equities analysts anticipate that American Campus Communities will post 2.32 EPS for the current fiscal year.

In other news, EVP Cardenas Jorge De sold 11,262 shares of the company’s stock in a transaction dated Tuesday, November 27th. The shares were sold at an average price of $43.07, for a total transaction of $485,054.34. Following the completion of the transaction, the executive vice president now owns 32,466 shares of the company’s stock, valued at $1,398,310.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.64% of the stock is currently owned by corporate insiders.

Large investors have recently bought and sold shares of the stock. Marshall Wace LLP acquired a new position in American Campus Communities in the second quarter worth about $6,674,000. Macquarie Group Ltd. raised its position in American Campus Communities by 29.9% in the second quarter. Macquarie Group Ltd. now owns 41,700 shares of the real estate investment trust’s stock worth $1,788,000 after purchasing an additional 9,600 shares in the last quarter. Signition LP acquired a new position in American Campus Communities in the third quarter worth about $306,000. Chartwell Investment Partners LLC raised its position in American Campus Communities by 65.4% in the second quarter. Chartwell Investment Partners LLC now owns 47,045 shares of the real estate investment trust’s stock worth $2,017,000 after purchasing an additional 18,600 shares in the last quarter. Finally, FIL Ltd raised its position in American Campus Communities by 0.5% in the third quarter. FIL Ltd now owns 1,061,854 shares of the real estate investment trust’s stock worth $43,706,000 after purchasing an additional 5,083 shares in the last quarter. 98.22% of the stock is owned by hedge funds and other institutional investors.

About American Campus Communities

American Campus Communities, Inc is the largest owner, manager and developer of high-quality student housing communities in the United States. The company is a fully integrated, self-managed and self-administered equity real estate investment trust (REIT) with expertise in the design, finance, development, construction management and operational management of student housing properties.

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