American Campus Communities Inc (NYSE:ACC) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Friday.

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. “

Other equities analysts have also issued research reports about the company. JMP Securities raised American Campus Communities from a “market perform” rating to an “outperform” rating and set a $55.00 price target on the stock in a research note on Monday, July 10th. FBR & Co reaffirmed a “buy” rating on shares of American Campus Communities in a research note on Friday, May 19th. Evercore ISI raised American Campus Communities from an “underperform” rating to an “in-line” rating and upped their price target for the company from $48.00 to $49.00 in a research note on Monday, June 19th. Finally, BidaskClub raised American Campus Communities from a “hold” rating to a “buy” rating in a research note on Saturday, June 17th. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $52.25.

American Campus Communities (NYSE ACC) traded up 0.22% on Friday, reaching $49.00. The company had a trading volume of 698,607 shares. The company has a market capitalization of $6.57 billion, a price-to-earnings ratio of 75.27 and a beta of 0.25. The company’s 50 day moving average price is $47.58 and its 200-day moving average price is $48.10. American Campus Communities has a 12 month low of $44.65 and a 12 month high of $54.56.

American Campus Communities (NYSE:ACC) last issued 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 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 for the quarter, compared to analyst estimates of $183.61 million. During the same quarter in the prior year, the firm posted $0.62 earnings per share. The firm’s revenue for the quarter was down 3.5% compared to the same quarter last year. On average, equities analysts predict that American Campus Communities will post $0.85 earnings per share for the current fiscal year.

TRADEMARK VIOLATION NOTICE: “American Campus Communities Inc (ACC) Upgraded to Hold by Zacks Investment Research” was first published by American Banking News and is owned by of American Banking News. If you are reading this news story on another website, it was stolen and reposted in violation of U.S. and international trademark and copyright law. The legal version of this news story can be read at https://www.americanbankingnews.com/2017/07/21/american-campus-communities-inc-acc-upgraded-to-hold-by-zacks-investment-research.html.

Large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. increased its stake in American Campus Communities by 4,342.4% in the first quarter. BlackRock Inc. now owns 15,387,072 shares of the real estate investment trust’s stock worth $732,271,000 after buying an additional 15,040,705 shares in the last quarter. Brookfield Asset Management Inc. bought a new stake in American Campus Communities during the fourth quarter worth approximately $101,919,000. Vanguard Group Inc. increased its stake in American Campus Communities by 3.2% in the first quarter. Vanguard Group Inc. now owns 20,785,614 shares of the real estate investment trust’s stock worth $989,187,000 after buying an additional 651,470 shares in the last quarter. Nuveen Asset Management LLC increased its stake in American Campus Communities by 171.1% in the first quarter. Nuveen Asset Management LLC now owns 817,804 shares of the real estate investment trust’s stock worth $38,919,000 after buying an additional 516,113 shares in the last quarter. Finally, Wells Fargo & Company MN increased its stake in American Campus Communities by 8.3% in the first quarter. Wells Fargo & Company MN now owns 2,855,324 shares of the real estate investment trust’s stock worth $135,884,000 after buying an additional 218,332 shares in 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.

Get a free copy of the Zacks research report on American Campus Communities (ACC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for American Campus Communities (NYSE:ACC)

Receive News & Ratings for American Campus Communities Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Campus Communities Inc and related companies with MarketBeat.com's FREE daily email newsletter.