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.
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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.
