American Campus Communities Given New $43.00 Price Target at MLV Capital (ACC)
Investment analysts at MLV Capital cut their price target on shares of American Campus Communities (NYSE:ACC) from $45.00 to $43.00 in a note issued to investors on Wednesday, AmericanBankingNews.com reports. The firm currently has a “buy” rating on the stock. MLV Capital’s price objective indicates a potential upside of 21.64% from the company’s current price.
A number of other analysts have also recently weighed in on ACC. Analysts at UBS AG downgraded shares of American Campus Communities from a “buy” rating to a “neutral” rating in a research note to investors on Wednesday. They now have a $37.00 price target on the stock, down previously from $42.00. Separately, 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, October 22nd. They now have an “overweight” 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 investment analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company. American Campus Communities currently has an average rating of “Buy” and a consensus price target of $43.63.
Shares of American Campus Communities (NYSE:ACC) traded up 0.23% during mid-day trading on Wednesday, hitting $35.35. 1,271,828 shares of the company’s stock traded hands. American Campus Communities has a 52-week low of $33.78 and a 52-week 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 $3.704 billion and a price-to-earnings ratio of 67.44.
American Campus Communities (NYSE:ACC) last announced its earnings results 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 in the previous year, the company posted $0.38 earnings per share. The company’s revenue for the quarter was up 41.6% on a year-over-year basis. On average, analysts predict that American Campus Communities will post $2.21 earnings per share for the current fiscal year.
American Campus Communities, Inc (NYSE:ACC) is a self-managed and self-administered real estate investment trust (REIT).
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