American Campus Communities Inc (ACC) Raised to In-Line at Evercore ISI
American Campus Communities Inc (NYSE:ACC) was upgraded by Evercore ISI from an “underperform” rating to an “in-line” rating in a research report issued on Monday.
Several other research firms have also recently issued reports on ACC. FBR & Co reissued a “buy” rating and issued a $56.00 price target on shares of American Campus Communities in a research note on Wednesday, February 22nd. Zacks Investment Research raised American Campus Communities from a “sell” rating to a “hold” rating in a research note on Wednesday, February 22nd. Canaccord Genuity reissued a “buy” rating on shares of American Campus Communities in a research note on Friday, February 24th. Finally, BidaskClub raised American Campus Communities from a “hold” rating to a “buy” rating in a research note on Saturday. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $52.00.
American Campus Communities (NYSE:ACC) traded up 0.06% during midday trading on Monday, hitting $48.35. 42,487 shares of the stock traded hands. American Campus Communities has a 52-week low of $44.65 and a 52-week high of $54.56. The firm has a market cap of $6.48 billion, a PE ratio of 74.27 and a beta of 0.26. The stock has a 50-day moving average of $46.97 and a 200 day moving average of $48.12.
American Campus Communities (NYSE:ACC) last issued its quarterly earnings data on Monday, April 24th. The real estate investment trust reported $0.62 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.62. The firm 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 2.53% and a net margin of 11.23%. The firm’s revenue was down 3.5% on a year-over-year basis. During the same period in the prior year, the business earned $0.62 EPS. Equities analysts forecast that American Campus Communities will post $0.86 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, May 26th. Stockholders of record on Monday, May 15th were issued a $0.44 dividend. This is a positive change from American Campus Communities’s previous quarterly dividend of $0.42. The ex-dividend date was Thursday, May 11th. This represents a $1.76 annualized dividend and a dividend yield of 3.64%. American Campus Communities’s dividend payout ratio is 270.77%.
Several hedge funds have recently made changes to their positions in ACC. Israel Discount Bank of New York purchased a new stake in shares of American Campus Communities during the first quarter valued at $116,000. Israel Discount Bank of New York GFN purchased a new stake in shares of American Campus Communities during the fourth quarter valued at $121,000. Cigna Investments Inc. New purchased a new stake in shares of American Campus Communities during the fourth quarter valued at $243,000. Stifel Financial Corp raised its stake in shares of American Campus Communities by 5.6% in the first quarter. Stifel Financial Corp now owns 5,769 shares of the real estate investment trust’s stock valued at $277,000 after buying an additional 308 shares during the period. Finally, Sprott Inc. purchased a new stake in shares of American Campus Communities during the first quarter valued at $339,000.
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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