American Campus Communities (NYSE:ACC) was upgraded by investment analysts at Sandler O’Neill from a “hold” rating to a “buy” rating in a report released on Friday, Marketbeat.com reports. The brokerage currently has a $45.00 price objective on the real estate investment trust’s stock. Sandler O’Neill’s target price would indicate a potential upside of 15.53% from the company’s previous close.

A number of other research analysts have also weighed in on ACC. FBR & Co reaffirmed a “buy” rating on shares of American Campus Communities in a research note on Monday, September 25th. Zacks Investment Research lowered shares of American Campus Communities from a “hold” rating to a “sell” rating in a research report on Tuesday, October 10th. Bank of America lowered shares of American Campus Communities from a “buy” rating to a “neutral” rating and set a $45.00 price target on the stock. in a research report on Thursday, October 26th. Argus raised shares of American Campus Communities from a “hold” rating to a “buy” rating in a research report on Thursday, October 26th. Finally, Citigroup reissued 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, four have given a hold rating and ten have assigned a buy rating to the company’s stock. American Campus Communities has a consensus rating of “Buy” and an average target price of $49.50.

American Campus Communities (NYSE ACC) traded down $0.24 during trading on Friday, hitting $38.95. 1,380,000 shares of the company’s stock were exchanged, compared to its average volume of 926,061. American Campus Communities has a 12-month low of $38.77 and a 12-month high of $51.70. The company has a market capitalization of $5,310.00, a price-to-earnings ratio of 97.38, a price-to-earnings-growth ratio of 12.38 and a beta of 0.28. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.72 and a quick ratio of 0.72.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Cohen & Steers Inc. increased its holdings 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 worth $709,948,000 after buying an additional 2,704,851 shares during the last quarter. Brookfield Asset Management Inc. increased its holdings in American Campus Communities by 51.0% during the second quarter. Brookfield Asset Management Inc. now owns 3,441,220 shares of the real estate investment trust’s stock worth $162,770,000 after buying an additional 1,162,350 shares during the last quarter. Diamond Hill Capital Management Inc. purchased a new stake in American Campus Communities during the third quarter worth about $48,216,000. BlackRock Inc. increased its holdings 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 worth $747,699,000 after buying an additional 420,488 shares during the last quarter. Finally, Westfield Capital Management Co. LP purchased a new stake in American Campus Communities during the second quarter worth about $18,436,000.

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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.

Analyst Recommendations for American Campus Communities (NYSE:ACC)