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.

A number of hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. increased its position in American Campus Communities by 0.3% during the second quarter. Vanguard Group Inc. now owns 20,850,918 shares of the real estate investment trust’s stock valued at $986,248,000 after acquiring an additional 65,304 shares during the last quarter. Cohen & Steers Inc. increased its position in American Campus Communities by 20.2% during the third quarter. Cohen & Steers Inc. now owns 16,080,372 shares of the real estate investment trust’s stock valued at $709,948,000 after acquiring an additional 2,704,851 shares during the last quarter. BlackRock Inc. increased its position in American Campus Communities by 2.7% during the second quarter. BlackRock Inc. now owns 15,807,560 shares of the real estate investment trust’s stock valued at $747,699,000 after acquiring an additional 420,488 shares during the last quarter. Capital Research Global Investors grew its holdings in shares of American Campus Communities by 1.4% in the second quarter. Capital Research Global Investors now owns 6,166,800 shares of the real estate investment trust’s stock worth $291,690,000 after purchasing an additional 85,000 shares during the last quarter. Finally, State Street Corp grew its holdings in shares of American Campus Communities by 0.7% in the second quarter. State Street Corp now owns 5,795,952 shares of the real estate investment trust’s stock worth $274,152,000 after purchasing an additional 41,332 shares during the last quarter.

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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.

Analyst Recommendations for American Campus Communities (NYSE:ACC)

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