American Campus Communities Inc (ACC) Price Target Cut to $47.00 by Analysts at Robert W. Baird
American Campus Communities Inc (NYSE:ACC) had its price target reduced by equities researchers at Robert W. Baird from $51.00 to $47.00 in a research note issued to investors on Tuesday. The brokerage presently has an “outperform” rating on the real estate investment trust’s stock. Robert W. Baird’s target price suggests a potential upside of 13.42% from the stock’s current price.
A number of other research firms have also recently weighed in on ACC. BidaskClub raised American Campus Communities from a “hold” rating to a “buy” rating in a research report on Tuesday, July 25th. Canaccord Genuity reissued a “buy” rating and issued a $56.00 price objective on shares of American Campus Communities in a research report on Monday, July 24th. Zacks Investment Research raised American Campus Communities from a “sell” rating to a “hold” rating in a research report on Friday, July 21st. TheStreet cut American Campus Communities from a “b” rating to a “c+” rating in a research report on Monday, July 24th. Finally, KeyCorp reaffirmed a “buy” rating and set a $56.00 price target on shares of American Campus Communities in a research report on Friday, August 25th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the stock. American Campus Communities presently has a consensus rating of “Buy” and a consensus price target of $51.75.
American Campus Communities (NYSE:ACC) traded down 0.43% on Tuesday, hitting $41.26. The stock had a trading volume of 76,178 shares. The company has a 50-day moving average price of $45.13 and a 200 day moving average price of $46.87. The firm has a market cap of $5.63 billion, a PE ratio of 85.25 and a beta of 0.26. American Campus Communities has a 52-week low of $41.06 and a 52-week high of $51.95.
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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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