American Campus Communities Downgraded by UBS AG to “Neutral” (ACC)
American Campus Communities (NYSE:ACC) was downgraded by investment analysts at UBS AG from a “buy” rating to a “neutral” rating in a note issued to investors on Wednesday, TheFlyOnTheWall.com reports. They currently have a $37.00 price target on the stock. UBS AG’s price target would suggest a potential upside of 3.73% from the company’s current price.
Shares of American Campus Communities (NYSE:ACC) traded down 0.78% on Wednesday, hitting $35.67. The stock had a trading volume of 2,289,378 shares. American Campus Communities has a one year low of $33.78 and a one year high of $48.49. The stock’s 50-day moving average is $35. and its 200-day moving average is $41.27. The company has a market cap of $3.738 billion and a P/E ratio of 68.74.
American Campus Communities (NYSE:ACC) last released its earnings data on Monday, October 21st. The company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by $0.07. The company had revenue of $159.67 million for the quarter. During the same quarter last year, the company posted $0.38 earnings per share. American Campus Communities’s revenue was up 41.6% compared to the same quarter last year. On average, analysts predict that American Campus Communities will post $2.23 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at JPMorgan Chase & Co. cut their price target on shares of American Campus Communities from $42.00 to $40.00 in a research note to investors on Tuesday. They now have an “overweight” rating on the stock. Separately, analysts at MLV Capital cut their price target on shares of American Campus Communities from $50.00 to $45.00 in a research note to investors on Monday, October 7th. They now have a “buy” rating on the stock. Finally, 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. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the stock. American Campus Communities presently has an average rating of “Buy” and a consensus price target of $43.88.
American Campus Communities, Inc (NYSE:ACC) is a self-managed and self-administered real estate investment trust (REIT).
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