American Campus Communities Inc (NYSE:ACC) was upgraded by stock analysts at Evercore ISI from an “underperform” rating to an “in” rating in a report released on Monday.

Several other brokerages also recently issued reports on ACC. Canaccord Genuity reiterated a “buy” rating on shares of American Campus Communities in a report on Friday, February 24th. FBR & Co reiterated a “buy” rating and set a $56.00 price target on shares of American Campus Communities in a report on Wednesday, February 22nd. BidaskClub upgraded American Campus Communities from a “hold” rating to a “buy” rating in a report on Saturday. Finally, Zacks Investment Research upgraded American Campus Communities from a “sell” rating to a “hold” rating in a report on Wednesday, February 22nd. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company’s stock. American Campus Communities presently has a consensus rating of “Hold” and an average target price of $52.00.

Analyst Recommendations for American Campus Communities (NYSE:ACC)

American Campus Communities (NYSE:ACC) traded up 0.10% during midday trading on Monday, hitting $48.37. The stock had a trading volume of 36,951 shares. The stock has a market capitalization of $6.49 billion, a PE ratio of 74.30 and a beta of 0.26. American Campus Communities has a 1-year low of $44.65 and a 1-year high of $54.56. The stock’s 50-day moving average is $46.97 and its 200-day moving average is $48.12.

American Campus Communities (NYSE:ACC) last announced its quarterly earnings results on Monday, April 24th. The real estate investment trust reported $0.62 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.62. American Campus Communities had a return on equity of 2.53% and a net margin of 11.23%. The business had revenue of $192.90 million during the quarter, compared to the consensus estimate of $183.61 million. During the same quarter in the prior year, the company posted $0.62 earnings per share. American Campus Communities’s revenue was down 3.5% compared to the same quarter last year. On average, equities research analysts anticipate that American Campus Communities will post $0.86 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 26th. Shareholders of record on Monday, May 15th were given a $0.44 dividend. The ex-dividend date of this dividend was Thursday, May 11th. This represents a $1.76 annualized dividend and a yield of 3.64%. This is a boost from American Campus Communities’s previous quarterly dividend of $0.42. American Campus Communities’s payout ratio is currently 270.77%.

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A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Norges Bank acquired a new position in American Campus Communities during the fourth quarter valued at $57,592,000. Thrivent Financial for Lutherans boosted its position in American Campus Communities by 5.9% in the fourth quarter. Thrivent Financial for Lutherans now owns 174,292 shares of the real estate investment trust’s stock valued at $8,674,000 after buying an additional 9,770 shares in the last quarter. Cigna Investments Inc. New acquired a new position in American Campus Communities during the fourth quarter valued at $243,000. Ladenburg Thalmann Financial Services Inc. boosted its position in American Campus Communities by 37.7% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 19,016 shares of the real estate investment trust’s stock valued at $947,000 after buying an additional 5,211 shares in the last quarter. Finally, AQR Capital Management LLC boosted its position in American Campus Communities by 0.4% in the fourth quarter. AQR Capital Management LLC now owns 67,606 shares of the real estate investment trust’s stock valued at $3,365,000 after buying an additional 245 shares in the last quarter.

American Campus Communities Company Profile

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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