American Campus Communities Inc (NYSE:ACC) has been given an average rating of “Buy” by the ten ratings firms that are covering the stock, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $50.83.

A number of research analysts have recently issued reports on ACC shares. Zacks Investment Research upgraded shares of American Campus Communities from a “hold” rating to a “buy” rating and set a $54.00 price objective for the company in a report on Wednesday, June 28th. BidaskClub upgraded shares of American Campus Communities from a “hold” rating to a “buy” rating in a report on Tuesday. Canaccord Genuity reiterated a “buy” rating and set a $56.00 price objective on shares of American Campus Communities in a report on Monday. FBR & Co reiterated a “buy” rating on shares of American Campus Communities in a report on Friday, May 19th. Finally, Evercore ISI upgraded shares of American Campus Communities from an “underperform” rating to an “in-line” rating and lifted their price objective for the company from $48.00 to $49.00 in a report on Monday, June 19th.

Shares of American Campus Communities (ACC) traded down 3.66% during midday trading on Tuesday, reaching $47.15. 2,618,241 shares of the company’s stock traded hands. The stock has a 50 day moving average of $47.66 and a 200-day moving average of $48.08. American Campus Communities has a 12 month low of $44.65 and a 12 month high of $54.56. The stock has a market cap of $6.32 billion, a P/E ratio of 72.43 and a beta of 0.25.

American Campus Communities (NYSE:ACC) last issued its quarterly earnings data on Monday, July 24th. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.54 by $0.01. The business had revenue of $169.90 million for the quarter, compared to analyst estimates of $169.50 million. American Campus Communities had a net margin of 11.23% and a return on equity of 2.53%. The firm’s quarterly revenue was down 3.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.54 earnings per share. On average, equities research analysts forecast that American Campus Communities will post $0.85 EPS for the current fiscal year.

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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. ING Groep NV purchased a new position in American Campus Communities during the second quarter valued at $771,000. Russell Investments Group Ltd. boosted its position in American Campus Communities by 17.2% in the second quarter. Russell Investments Group Ltd. now owns 74,359 shares of the real estate investment trust’s stock valued at $3,518,000 after buying an additional 10,937 shares during the period. First Citizens Bank & Trust Co. boosted its position in American Campus Communities by 26.6% in the second quarter. First Citizens Bank & Trust Co. now owns 10,587 shares of the real estate investment trust’s stock valued at $501,000 after buying an additional 2,225 shares during the period. Forsta AP Fonden boosted its position in American Campus Communities by 133.3% in the second quarter. Forsta AP Fonden now owns 35,700 shares of the real estate investment trust’s stock valued at $1,689,000 after buying an additional 20,400 shares during the period. Finally, Whittier Trust Co. boosted its position in American Campus Communities by 2.7% in the second quarter. Whittier Trust Co. now owns 20,372 shares of the real estate investment trust’s stock valued at $963,000 after buying an additional 528 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 (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.

Analyst Recommendations for American Campus Communities (NYSE:ACC)

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