Campus Crest Communities Downgraded by Zacks to “Underperform” (CCG)
Campus Crest Communities (NYSE:CCG) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a report issued on Tuesday, ARN reports. They currently have a $9.70 price target on the stock. Zacks‘ price target would indicate a potential downside of 5.55% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at MLV Capital cut their price target on shares of Campus Crest Communities from $15.00 to $13.00 in a research note to investors on Monday, October 7th. They now have a “buy” rating on the stock. Separately, analysts at Wunderlich initiated coverage on shares of Campus Crest Communities in a research note to investors on Friday, October 4th. They set a “buy” rating and a $13.50 price target on the stock. Finally, analysts at RBC Capital cut their price target on shares of Campus Crest Communities from $14.00 to $13.00 in a research note to investors on Thursday, August 8th. They now have a “sector perform” rating on the stock. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $13.08.
Campus Crest Communities (NYSE:CCG) traded up 0.20% during mid-day trading on Tuesday, hitting $10.27. The stock had a trading volume of 415,571 shares. Campus Crest Communities has a 52 week low of $10.10 and a 52 week high of $14.36. The stock has a 50-day moving average of $10.85 and a 200-day moving average of $12.35. The company has a market cap of $662.5 million and a price-to-earnings ratio of 38.25.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, January 8th. Investors of record on Monday, December 23rd will be paid a dividend of $0.17 per share. This represents a $0.66 annualized dividend and a dividend yield of 6.43%. The ex-dividend date is Thursday, December 19th.
Campus Crest Communities, Inc is a self-managed, self-administered and vertically-integrated developer, builder, owner and manager of purpose-built student housing properties in the United States.
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