American Campus Communities (NYSE:ACC) Downgraded by ValuEngine

American Campus Communities (NYSE:ACC) was downgraded by stock analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued to investors on Thursday, ValuEngine reports.

A number of other research firms also recently weighed in on ACC. Robert W. Baird upped their target price on American Campus Communities from $50.00 to $52.00 and gave the stock an “outperform” rating in a research report on Thursday, July 11th. Argus upgraded American Campus Communities from a “hold” rating to a “buy” rating and set a $53.00 price objective for the company in a research report on Wednesday. Zacks Investment Research downgraded American Campus Communities from a “buy” rating to a “hold” rating in a research report on Thursday. JMP Securities downgraded American Campus Communities from an “outperform” rating to a “market perform” rating in a research report on Wednesday, May 29th. Finally, Capital One Financial upgraded American Campus Communities from an “equal weight” rating to an “overweight” rating in a research report on Monday, July 8th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $49.43.

ACC traded down $0.35 during trading on Thursday, reaching $46.40. The stock had a trading volume of 642,884 shares, compared to its average volume of 745,499. The stock has a market cap of $6.41 billion, a price-to-earnings ratio of 20.09 and a beta of 0.39. The company has a quick ratio of 1.61, a current ratio of 1.46 and a debt-to-equity ratio of 0.94. American Campus Communities has a 1-year low of $38.40 and a 1-year high of $49.33. The stock has a 50 day simple moving average of $47.36.

American Campus Communities (NYSE:ACC) last released its earnings results on Monday, July 22nd. The real estate investment trust reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.02. The firm had revenue of $203.20 million during the quarter, compared to the consensus estimate of $206.82 million. American Campus Communities had a return on equity of 2.05% and a net margin of 9.27%. The firm’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.52 earnings per share. As a group, equities research analysts expect that American Campus Communities will post 2.42 earnings per share for the current fiscal year.

Several large investors have recently made changes to their positions in the company. Commonwealth Equity Services LLC lifted its position in shares of American Campus Communities by 5.9% during the 2nd quarter. Commonwealth Equity Services LLC now owns 4,846 shares of the real estate investment trust’s stock valued at $223,000 after acquiring an additional 268 shares during the last quarter. Sapience Investments LLC raised its stake in American Campus Communities by 0.4% during the 1st quarter. Sapience Investments LLC now owns 70,720 shares of the real estate investment trust’s stock valued at $3,365,000 after purchasing an additional 280 shares during the period. Macquarie Group Ltd. raised its stake in American Campus Communities by 0.6% during the 4th quarter. Macquarie Group Ltd. now owns 51,600 shares of the real estate investment trust’s stock valued at $2,136,000 after purchasing an additional 300 shares during the period. Louisiana State Employees Retirement System raised its stake in American Campus Communities by 0.8% during the 1st quarter. Louisiana State Employees Retirement System now owns 36,700 shares of the real estate investment trust’s stock valued at $1,746,000 after purchasing an additional 300 shares during the period. Finally, Parallel Advisors LLC raised its stake in American Campus Communities by 97.5% during the 1st quarter. Parallel Advisors LLC now owns 630 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 311 shares during the period. Institutional investors own 96.79% of the company’s stock.

American Campus Communities Company Profile

American Campus Communities, Inc is the largest owner, manager and developer of high-quality student housing communities in the United States. The company is a fully integrated, self-managed and self-administered equity real estate investment trust (REIT) with expertise in the design, finance, development, construction management and operational management of student housing properties.

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Analyst Recommendations for American Campus Communities (NYSE:ACC)

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