Campus Crest Communities Rating Reiterated by Wunderlich (CCG)
Campus Crest Communities (NYSE:CCG)‘s stock had its “buy” rating restated by research analysts at Wunderlich in a report released on Friday, Analyst Ratings News reports. They currently have a $11.50 price target on the stock, down from their previous price target of $13.00. Wunderlich’s price target suggests a potential upside of 30.24% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Raymond James downgraded shares of Campus Crest Communities from an “outperform” rating to a “market perform” rating in a research note to investors on Tuesday, January 7th. Separately, analysts at RBC Capital cut their price target on shares of Campus Crest Communities from $13.00 to $11.00 in a research note to investors on Friday, November 29th. They now have a “sector perform” rating on the stock. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $12.15.
Campus Crest Communities (NYSE:CCG) opened at 8.83 on Friday. Campus Crest Communities has a one year low of $8.78 and a one year high of $14.36. The stock has a 50-day moving average of $9.14 and a 200-day moving average of $10.18. The company has a market cap of $569.6 million and a P/E ratio of 55.69.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, April 9th. Shareholders of record on Wednesday, March 26th will be paid a dividend of 0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 7.47%. The ex-dividend date is Monday, March 24th.
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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