American Campus Communities Inc (NYSE:ACC) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Tuesday.

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. “

ACC has been the topic of several other research reports. FBR & Co reaffirmed a “buy” rating on shares of American Campus Communities in a report on Monday, September 25th. BidaskClub lowered shares of American Campus Communities from a “buy” rating to a “hold” rating in a report on Saturday, July 8th. KeyCorp reaffirmed a “buy” rating and set a $56.00 target price on shares of American Campus Communities in a report on Friday, August 25th. Hilliard Lyons raised shares of American Campus Communities from an “underperform” rating to a “neutral” rating in a research report on Friday, August 11th. Finally, Canaccord Genuity reissued a “buy” rating and set a $56.00 price target on shares of American Campus Communities in a research report on Monday, July 24th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $53.67.

American Campus Communities (NYSE:ACC) traded down 0.73% during mid-day trading on Tuesday, hitting $44.75. 595,834 shares of the company’s stock were exchanged. The stock’s 50 day moving average price is $46.79 and its 200-day moving average price is $47.31. The stock has a market cap of $6.11 billion, a PE ratio of 92.46 and a beta of 0.26. American Campus Communities has a 12 month low of $43.98 and a 12 month high of $52.53.

American Campus Communities (NYSE:ACC) last issued its quarterly earnings results on Monday, July 24th. The real estate investment trust reported $0.53 EPS for the quarter, missing the Zacks’ consensus estimate of $0.54 by ($0.01). American Campus Communities had a return on equity of 1.90% and a net margin of 8.59%. The company had revenue of $169.90 million during the quarter, compared to the consensus estimate of $169.50 million. During the same period in the previous year, the company earned $0.54 EPS. American Campus Communities’s quarterly revenue was down 3.1% on a year-over-year basis. Equities analysts expect that American Campus Communities will post $0.64 EPS for the current fiscal year.

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Hedge funds and other institutional investors have recently modified their holdings of the stock. Russell Investments Group Ltd. increased its stake in American Campus Communities by 17.2% during the 2nd quarter. Russell Investments Group Ltd. now owns 74,359 shares of the real estate investment trust’s stock valued at $3,518,000 after purchasing an additional 10,937 shares in the last quarter. Marshall Wace North America L.P. bought a new stake in American Campus Communities during the 2nd quarter valued at about $3,451,000. Prudential Financial Inc. increased its stake in American Campus Communities by 14.0% during the 2nd quarter. Prudential Financial Inc. now owns 770,395 shares of the real estate investment trust’s stock valued at $36,439,000 after purchasing an additional 94,541 shares in the last quarter. Bank of New York Mellon Corp increased its stake in American Campus Communities by 2.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,694,112 shares of the real estate investment trust’s stock valued at $80,131,000 after purchasing an additional 40,968 shares in the last quarter. Finally, Legal & General Group Plc increased its stake in American Campus Communities by 10.0% during the 2nd quarter. Legal & General Group Plc now owns 442,793 shares of the real estate investment trust’s stock valued at $20,945,000 after purchasing an additional 40,300 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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Analyst Recommendations for American Campus Communities (NYSE:ACC)

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