American Campus Communities Inc (NYSE:ACC) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report issued on Wednesday.

According to Zacks, “American Campus Communities, Inc. is a fully integrated, self-managed and self-administered equity REIT with expertise in the acquisition, design, finance, development, construction management, leasing and management of student housing properties. “

ACC has been the subject of a number of other reports. FBR & Co reaffirmed a “buy” rating and issued a $56.00 price target on shares of American Campus Communities in a research note on Wednesday, October 26th. Canaccord Genuity set a $59.00 price target on American Campus Communities and gave the company a “buy” rating in a research note on Monday, October 24th. Robert W. Baird raised American Campus Communities to an “outperform” rating in a research note on Wednesday, September 28th. Finally, Capital One Financial Corporation initiated coverage on American Campus Communities in a research note on Friday, September 23rd. They issued an “equal weight” rating and a $49.00 price target for the company. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $51.63.

Analyst Recommendations for American Campus Communities (NYSE:ACC)

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American Campus Communities (NYSE:ACC) traded down 0.77% on Wednesday, hitting $49.18. 384,396 shares of the stock traded hands. The stock has a market capitalization of $6.50 billion, a P/E ratio of 61.17 and a beta of 0.22. The company’s 50 day moving average price is $47.94 and its 200-day moving average price is $49.86. American Campus Communities has a 12-month low of $38.63 and a 12-month high of $54.56.

American Campus Communities (NYSE:ACC) last released its earnings results on Monday, October 24th. The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.02. American Campus Communities had a net margin of 13.00% and a return on equity of 3.11%. The company had revenue of $196.40 million for the quarter, compared to the consensus estimate of $183.69 million. During the same period in the prior year, the company posted $0.43 EPS. The company’s revenue was up 8.6% compared to the same quarter last year. Analysts predict that American Campus Communities will post $0.86 EPS for the current year.

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In related news, insider William C. Bayless, Jr. sold 12,409 shares of the stock in a transaction that occurred on Thursday, October 27th. The stock was sold at an average price of $50.11, for a total transaction of $621,814.99. Following the completion of the sale, the insider now directly owns 271,873 shares of the company’s stock, valued at approximately $13,623,556.03. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Jennifer Beese sold 856 shares of the stock in a transaction that occurred on Friday, November 4th. The stock was sold at an average price of $48.45, for a total value of $41,473.20. Following the sale, the executive vice president now directly owns 31,475 shares of the company’s stock, valued at $1,524,963.75. The disclosure for this sale can be found here. Corporate insiders own 0.65% of the company’s stock.

Hedge funds have recently bought and sold shares of the company. Ameriprise Financial Inc. boosted its stake in American Campus Communities by 9.9% in the second quarter. Ameriprise Financial Inc. now owns 505,298 shares of the real estate investment trust’s stock worth $26,715,000 after buying an additional 45,696 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in American Campus Communities by 5.9% in the second quarter. PNC Financial Services Group Inc. now owns 14,473 shares of the real estate investment trust’s stock worth $766,000 after buying an additional 812 shares during the last quarter. Whittier Trust Co. increased its position in American Campus Communities by 1.2% in the second quarter. Whittier Trust Co. now owns 18,797 shares of the real estate investment trust’s stock worth $994,000 after buying an additional 228 shares during the period. Resolution Capital Ltd increased its position in American Campus Communities by 61.6% in the second quarter. Resolution Capital Ltd now owns 704,029 shares of the real estate investment trust’s stock worth $37,222,000 after buying an additional 268,290 shares during the period. Finally, American Century Companies Inc. increased its position in American Campus Communities by 9.1% in the second quarter. American Century Companies Inc. now owns 743,889 shares of the real estate investment trust’s stock worth $39,329,000 after buying an additional 62,164 shares during the period.

American Campus Communities Company Profile

American Campus Communities, Inc is a self-managed and self-administered equity real estate investment trust. The Company’s segments include Wholly-Owned Properties, On-Campus Participating Properties, Development Services, and Property Management Services. It is engaged in the acquisition, design, financing, development, construction management, leasing and management of student housing properties.

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