American Campus Communities (ACC) Rating Reiterated by KeyCorp
American Campus Communities (NYSE:ACC)‘s stock had its “overweight” rating reissued by stock analysts at KeyCorp in a note issued to investors on Wednesday. They currently have a $47.00 target price on the real estate investment trust’s stock, down from their previous target price of $56.00. KeyCorp’s price target suggests a potential upside of 13.55% from the company’s current price.
Several other equities analysts also recently weighed in on the company. J P Morgan Chase & Co downgraded American Campus Communities from a “neutral” rating to an “underweight” rating and set a $45.00 target price on the stock. in a research report on Friday, December 15th. B. Riley set a $56.00 price objective on American Campus Communities and gave the company a “buy” rating in a research report on Thursday, December 7th. Robert W. Baird lowered their price objective on American Campus Communities from $51.00 to $47.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 31st. Zacks Investment Research downgraded American Campus Communities from a “hold” rating to a “sell” rating in a research report on Monday, October 30th. Finally, Citigroup restated a “neutral” rating on shares of American Campus Communities in a research report on Friday, October 27th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the stock. American Campus Communities has an average rating of “Hold” and an average target price of $50.60.
American Campus Communities (NYSE ACC) traded down $1.11 during mid-day trading on Wednesday, hitting $41.39. The stock had a trading volume of 806,300 shares, compared to its average volume of 687,661. The stock has a market cap of $5,798.13, a P/E ratio of 19.06, a P/E/G ratio of 14.06 and a beta of 0.27. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.79. American Campus Communities has a 52-week low of $41.06 and a 52-week high of $51.70.
WARNING: “American Campus Communities (ACC) Rating Reiterated by KeyCorp” was published by American Banking News and is the sole property of of American Banking News. If you are reading this article on another publication, it was stolen and reposted in violation of United States & international copyright laws. The correct version of this article can be viewed at https://www.americanbankingnews.com/2017/12/20/american-campus-communities-acc-rating-reiterated-by-keycorp.html.
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.
Receive News & Ratings for American Campus Communities Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Campus Communities and related companies with MarketBeat.com's FREE daily email newsletter.