American Campus Communities, Inc. (ACC) Given Average Rating of “Buy” by Brokerages

Shares of American Campus Communities, Inc. (NYSE:ACC) have received an average recommendation of “Buy” from the seventeen analysts that are covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and ten have assigned a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $49.50.

Several brokerages recently weighed in on ACC. B. Riley reaffirmed a “buy” rating on shares of American Campus Communities in a research report on Wednesday, November 1st. Robert W. Baird decreased their price objective on shares of American Campus Communities from $51.00 to $47.00 and set an “outperform” rating for the company in a research note on Tuesday, October 31st. Zacks Investment Research upgraded shares of American Campus Communities from a “sell” rating to a “hold” rating in a research note on Monday, October 23rd. Bank of America lowered shares of American Campus Communities from a “buy” rating to a “neutral” rating and set a $45.00 price objective for the company. in a research note on Thursday, October 26th. Finally, Argus upgraded shares of American Campus Communities from a “hold” rating to a “buy” rating in a research note on Thursday, October 26th.

Large investors have recently bought and sold shares of the business. PNC Financial Services Group Inc. increased its stake in shares of American Campus Communities by 2.4% during the 2nd quarter. PNC Financial Services Group Inc. now owns 9,090 shares of the real estate investment trust’s stock worth $430,000 after purchasing an additional 214 shares during the last quarter. Gofen & Glossberg LLC IL increased its stake in shares of American Campus Communities by 0.7% during the 2nd quarter. Gofen & Glossberg LLC IL now owns 71,588 shares of the real estate investment trust’s stock worth $3,386,000 after purchasing an additional 479 shares during the last quarter. Ameritas Investment Partners Inc. increased its stake in shares of American Campus Communities by 2.1% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 40,122 shares of the real estate investment trust’s stock worth $1,898,000 after purchasing an additional 830 shares during the last quarter. TD Asset Management Inc. increased its stake in shares of American Campus Communities by 4.5% during the 3rd quarter. TD Asset Management Inc. now owns 28,000 shares of the real estate investment trust’s stock worth $1,236,000 after purchasing an additional 1,200 shares during the last quarter. Finally, ETRADE Capital Management LLC increased its stake in shares of American Campus Communities by 7.9% during the 3rd quarter. ETRADE Capital Management LLC now owns 17,671 shares of the real estate investment trust’s stock worth $780,000 after purchasing an additional 1,291 shares during the last quarter.

Shares of American Campus Communities (ACC) traded up $0.68 during midday trading on Friday, reaching $35.48. 1,846,116 shares of the company traded hands, compared to its average volume of 844,403. American Campus Communities has a twelve month low of $34.79 and a twelve month high of $51.70. The company has a market cap of $4,747.64, a PE ratio of 86.54, a price-to-earnings-growth ratio of 11.03 and a beta of 0.20. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.72 and a current ratio of 0.72.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 16th. Shareholders of record on Friday, February 2nd will be paid a $0.44 dividend. The ex-dividend date of this dividend is Thursday, February 1st. This represents a $1.76 annualized dividend and a yield of 4.96%. American Campus Communities’s dividend payout ratio (DPR) is 429.28%.

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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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