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

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 a number of other reports. BidaskClub downgraded shares of American Campus Communities from a “buy” rating to a “hold” rating in a research note on Saturday, July 8th. JMP Securities upgraded shares of American Campus Communities from a “market perform” rating to an “outperform” rating and set a $55.00 price objective on the stock in a research note on Monday, July 10th. Canaccord Genuity reiterated a “buy” rating and set a $56.00 price objective on shares of American Campus Communities in a research note on Monday, July 24th. Sandler O’Neill downgraded shares of American Campus Communities from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $55.00 to $50.00 in a research note on Wednesday, July 26th. Finally, TheStreet downgraded shares of American Campus Communities from a “b” rating to a “c+” rating in a research note on Monday, July 24th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $53.67.

Shares of American Campus Communities (ACC) traded down 0.37% during mid-day trading on Monday, hitting $43.46. 626,599 shares of the stock traded hands. The firm has a market capitalization of $5.93 billion, a P/E ratio of 89.79 and a beta of 0.26. American Campus Communities has a one year low of $43.34 and a one year high of $52.53. The company’s 50 day moving average is $46.08 and its 200 day moving average is $47.13.

American Campus Communities (NYSE:ACC) last released its quarterly earnings results on Monday, July 24th. The real estate investment trust reported $0.53 EPS for the quarter, missing analysts’ consensus estimates 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 business had revenue of $169.90 million for the quarter, compared to the consensus estimate of $169.50 million. During the same period in the prior year, the business posted $0.54 earnings per share. American Campus Communities’s revenue was down 3.1% compared to the same quarter last year. On average, equities analysts expect that American Campus Communities will post $0.63 EPS for the current fiscal year.

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Several institutional investors and hedge funds have recently bought and sold shares of ACC. Stifel Financial Corp boosted its stake in shares of American Campus Communities by 5.6% in the 1st quarter. Stifel Financial Corp now owns 5,769 shares of the real estate investment trust’s stock valued at $277,000 after purchasing an additional 308 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of American Campus Communities by 2.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,759,867 shares of the real estate investment trust’s stock valued at $83,751,000 after purchasing an additional 40,801 shares in the last quarter. Morgan Stanley boosted its stake in shares of American Campus Communities by 40.7% in the 1st quarter. Morgan Stanley now owns 411,317 shares of the real estate investment trust’s stock valued at $19,575,000 after purchasing an additional 118,937 shares in the last quarter. AQR Capital Management LLC boosted its stake in shares of American Campus Communities by 9.0% in the 1st quarter. AQR Capital Management LLC now owns 73,674 shares of the real estate investment trust’s stock valued at $3,506,000 after purchasing an additional 6,068 shares in the last quarter. Finally, Paloma Partners Management Co acquired a new stake in shares of American Campus Communities in the 1st quarter valued at approximately $1,166,000.

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.

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Analyst Recommendations for American Campus Communities (NYSE:ACC)

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