American Campus Communities’ (ACC) Buy Rating Reaffirmed at FBR & Co
American Campus Communities, Inc. (NYSE:ACC)‘s stock had its “buy” rating reaffirmed by stock analysts at FBR & Co in a research report issued on Friday.
Other analysts also recently issued reports about the company. Evercore ISI downgraded American Campus Communities from a “hold” rating to an “underperform” rating in a research note on Friday, March 3rd. Zacks Investment Research upgraded American Campus Communities from a “sell” rating to a “hold” rating in a research note on Monday. Finally, Canaccord Genuity reiterated a “buy” rating and set a $59.00 target price on shares of American Campus Communities in a research report on Thursday, February 2nd. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $52.00.
Shares of American Campus Communities (NYSE:ACC) traded up 0.62% on Friday, reaching $47.09. The company had a trading volume of 424,760 shares. The company’s 50-day moving average price is $47.42 and its 200-day moving average price is $48.12. The firm has a market capitalization of $6.31 billion, a price-to-earnings ratio of 72.33 and a beta of 0.21. American Campus Communities has a 52-week low of $44.65 and a 52-week high of $54.56.
American Campus Communities (NYSE:ACC) last released its quarterly earnings results on Monday, April 24th. The real estate investment trust reported $0.62 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.62. The business had revenue of $192.90 million during the quarter, compared to the consensus estimate of $183.61 million. American Campus Communities had a return on equity of 3.11% and a net margin of 13.00%. The firm’s quarterly revenue was down 3.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.62 EPS. On average, analysts predict that American Campus Communities will post $0.86 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, May 26th. Stockholders of record on Monday, May 15th will be given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.74%. This is an increase from American Campus Communities’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Thursday, May 11th. American Campus Communities’s dividend payout ratio is presently 204.88%.
In other news, EVP James E. Wilhelm III sold 4,202 shares of the company’s stock in a transaction on Wednesday, March 1st. The stock was sold at an average price of $50.54, for a total transaction of $212,369.08. Following the completion of the sale, the executive vice president now directly owns 30,168 shares in the company, valued at approximately $1,524,690.72. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.65% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in ACC. HighTower Advisors LLC increased its stake in American Campus Communities by 1.2% in the first quarter. HighTower Advisors LLC now owns 48,716 shares of the real estate investment trust’s stock worth $2,329,000 after buying an additional 568 shares during the last quarter. Credit Suisse AG increased its stake in American Campus Communities by 6.4% in the first quarter. Credit Suisse AG now owns 527,376 shares of the real estate investment trust’s stock worth $25,098,000 after buying an additional 31,489 shares during the last quarter. Brookfield Asset Management Inc. increased its stake in American Campus Communities by 11.3% in the first quarter. Brookfield Asset Management Inc. now owns 2,278,870 shares of the real estate investment trust’s stock worth $108,451,000 after buying an additional 231,070 shares during the last quarter. Tudor Investment Corp ET AL bought a new stake in American Campus Communities during the first quarter worth $495,000. Finally, Metropolitan Life Insurance Co. NY increased its stake in American Campus Communities by 0.6% in the first quarter. Metropolitan Life Insurance Co. NY now owns 131,368 shares of the real estate investment trust’s stock worth $6,252,000 after buying an additional 735 shares during the last quarter.
About American Campus Communities
American Campus Communities, Inc is a self-managed and self-administered equity real estate investment trust (REIT). 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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