Shares of American Campus Communities Inc (NYSE:ACC) have received a consensus rating of “Buy” from the fifteen analysts that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $51.75.

A number of brokerages have commented on ACC. BidaskClub upgraded shares of American Campus Communities from a “hold” rating to a “buy” rating in a report on Tuesday, July 25th. Canaccord Genuity reiterated a “buy” rating and issued a $56.00 price objective on shares of American Campus Communities in a report on Monday, July 24th. Zacks Investment Research upgraded shares of American Campus Communities from a “sell” rating to a “hold” rating in a report on Friday, July 21st. TheStreet lowered shares of American Campus Communities from a “b” rating to a “c+” rating in a report on Monday, July 24th. Finally, KeyCorp reiterated a “buy” rating and issued a $56.00 price objective on shares of American Campus Communities in a report on Friday, August 25th.

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The company also recently announced a quarterly dividend, which will be paid on Monday, November 27th. Shareholders of record on Monday, November 13th will be given a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 4.23%. The ex-dividend date of this dividend is Friday, November 10th. American Campus Communities’s dividend payout ratio (DPR) is 429.28%.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Raymond James Trust N.A. boosted its holdings in shares of American Campus Communities by 6.6% in the second quarter. Raymond James Trust N.A. now owns 4,567 shares of the real estate investment trust’s stock valued at $216,000 after acquiring an additional 283 shares in the last quarter. Garner Asset Management Corp bought a new stake in American Campus Communities during the second quarter worth approximately $247,000. Bridgewater Wealth & Financial Management LLC boosted its holdings in American Campus Communities by 1.3% during the second quarter. Bridgewater Wealth & Financial Management LLC now owns 5,813 shares of the real estate investment trust’s stock worth $275,000 after buying an additional 75 shares in the last quarter. Stifel Financial Corp boosted its holdings in American Campus Communities by 5.6% during the first quarter. Stifel Financial Corp now owns 5,769 shares of the real estate investment trust’s stock worth $277,000 after buying an additional 308 shares in the last quarter. Finally, Verition Fund Management LLC bought a new stake in American Campus Communities during the second quarter worth approximately $282,000.

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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