American Campus Communities Given New $45.00 Price Target at MLV Capital (ACC)
Equities research analysts at MLV Capital decreased their price objective on shares of American Campus Communities (NYSE:ACC) from $50.00 to $45.00 in a research note issued to investors on Monday, StockRatingsNetwork reports. The firm currently has a “buy” rating on the stock. MLV Capital’s price objective would suggest a potential upside of 35.01% from the company’s current price.
American Campus Communities (NYSE:ACC) traded up 0.48% on Monday, hitting $33.33. 1,008,001 shares of the company’s stock traded hands. American Campus Communities has a 52 week low of $32.34 and a 52 week high of $48.49. The stock’s 50-day moving average is $34.63 and its 200-day moving average is $40.19. The company has a market cap of $3.492 billion and a price-to-earnings ratio of 63.42.
American Campus Communities (NYSE:ACC) last released its earnings data on Tuesday, July 23rd. The company reported $0.53 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.56 by $0.03. The company had revenue of $154.40 million for the quarter, compared to the consensus estimate of $155.36 million. During the same quarter in the prior year, the company posted $0.49 earnings per share. The company’s quarterly revenue was up 53.0% on a year-over-year basis. On average, analysts predict that American Campus Communities will post $2.29 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks downgraded shares of American Campus Communities from a “neutral” rating to an “underperform” rating in a research note to investors on Thursday, September 26th. They now have a $33.00 price target on the stock. Separately, analysts at TheStreet downgraded shares of American Campus Communities from a “buy” rating to a “hold” rating in a research note to investors on Friday, August 9th. Finally, analysts at Deutsche Bank cut their price target on shares of American Campus Communities from $48.00 to $44.00 in a research note to investors on Friday, July 26th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $46.78.
American Campus Communities, Inc (NYSE:ACC) is a self-managed and self-administered real estate investment trust (REIT).
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