Campus Crest Communities Stock Rating Upgraded by Zacks (CCG)
Campus Crest Communities (NYSE:CCG) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a report released on Tuesday, Analyst Ratings Network.com reports. The firm currently has a $9.60 target price on the stock. Zacks‘ price objective suggests a potential upside of 2.13% from the stock’s previous close.
A number of other analysts have also recently weighed in on CCG. Analysts at Wunderlich reiterated a “buy” rating on shares of Campus Crest Communities in a research note on Friday, January 31st. They now have a $11.50 price target on the stock, down previously from $13.00. Separately, analysts at Raymond James downgraded shares of Campus Crest Communities from an “outperform” rating to a “market perform” rating in a research note on Tuesday, January 7th. Finally, analysts at RBC Capital cut their price target on shares of Campus Crest Communities from $13.00 to $11.00 in a research note on Friday, November 29th. They now have a “sector perform” rating on the stock. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $12.14.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, April 9th. Shareholders of record on Wednesday, March 26th will be given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 7.02%. The ex-dividend date of this dividend 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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