American Campus Communities (ACC) Given a $56.00 Price Target at B. Riley
American Campus Communities (NYSE:ACC) has been assigned a $56.00 price target by B. Riley in a report issued on Thursday. The firm currently has a “buy” rating on the real estate investment trust’s stock. B. Riley’s target price indicates a potential upside of 29.39% from the stock’s current price.
Several other equities research analysts have also recently weighed in on ACC. Cantor Fitzgerald restated an “overweight” rating on shares of American Campus Communities in a research report on Thursday, August 10th. Hilliard Lyons upgraded shares of American Campus Communities from an “underperform” rating to a “neutral” rating in a research report on Friday, August 11th. KeyCorp restated a “buy” rating and issued a $56.00 price target on shares of American Campus Communities in a research report on Friday, August 25th. FBR & Co restated a “buy” rating on shares of American Campus Communities in a research report on Monday, September 25th. Finally, Zacks Investment Research cut shares of American Campus Communities from a “hold” rating to a “sell” rating in a research report on Tuesday, October 10th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $52.22.
Shares of American Campus Communities (ACC) traded up $0.29 on Thursday, reaching $43.28. 452,500 shares of the company traded hands, compared to its average volume of 680,630. American Campus Communities has a 12 month low of $41.06 and a 12 month high of $51.70. The company has a market capitalization of $5,860.00, a PE ratio of 19.25, a PEG ratio of 14.20 and a beta of 0.27. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.72 and a quick ratio of 0.72.
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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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