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

American Campus Communities, Inc. (NYSE:ACC) has earned an average rating of “Hold” from the ten research firms that are presently covering the company, Marketbeat reports. Five investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $50.00.

A number of equities research analysts have weighed in on the stock. Zacks Investment Research cut shares of American Campus Communities from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. JMP Securities cut shares of American Campus Communities from an “outperform” rating to a “market perform” rating in a research report on Wednesday, May 29th. TheStreet cut shares of American Campus Communities from a “b-” rating to a “c” rating in a research report on Monday, July 22nd. Argus upgraded shares of American Campus Communities from a “hold” rating to a “buy” rating and set a $53.00 price target for the company in a research report on Wednesday, July 31st. Finally, Capital One Financial upgraded shares of American Campus Communities from an “equal weight” rating to an “overweight” rating in a research report on Monday, July 8th.

Shares of ACC traded up $0.15 during trading on Wednesday, reaching $46.89. 749,000 shares of the company traded hands, compared to its average volume of 737,134. American Campus Communities has a twelve month low of $38.40 and a twelve month high of $49.33. The stock has a market cap of $6.42 billion, a PE ratio of 20.30 and a beta of 0.40. The stock has a 50-day simple moving average of $47.40 and a 200-day simple moving average of $46.78. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 0.94.

American Campus Communities (NYSE:ACC) last announced its quarterly earnings results on Monday, July 22nd. The real estate investment trust reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.54 by $0.02. American Campus Communities had a net margin of 9.27% and a return on equity of 2.05%. The business had revenue of $203.20 million during the quarter, compared to analysts’ expectations of $206.82 million. During the same period last year, the business earned $0.52 earnings per share. The business’s revenue for the quarter was up 7.2% on a year-over-year basis. On average, equities research analysts predict that American Campus Communities will post 2.42 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 23rd. Investors of record on Monday, August 12th will be issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 4.01%. The ex-dividend date is Friday, August 9th. American Campus Communities’s dividend payout ratio (DPR) is currently 81.39%.

Hedge funds have recently made changes to their positions in the stock. Texas Permanent School Fund grew its holdings in shares of American Campus Communities by 3.8% in the first quarter. Texas Permanent School Fund now owns 93,042 shares of the real estate investment trust’s stock valued at $4,427,000 after purchasing an additional 3,371 shares in the last quarter. Swiss National Bank grew its holdings in shares of American Campus Communities by 3.1% in the first quarter. Swiss National Bank now owns 249,752 shares of the real estate investment trust’s stock valued at $11,883,000 after purchasing an additional 7,500 shares in the last quarter. Daiwa Securities Group Inc. grew its holdings in shares of American Campus Communities by 4.2% in the first quarter. Daiwa Securities Group Inc. now owns 22,368 shares of the real estate investment trust’s stock valued at $1,064,000 after purchasing an additional 900 shares in the last quarter. Martingale Asset Management L P acquired a new position in shares of American Campus Communities in the first quarter valued at approximately $1,685,000. Finally, Garner Asset Management Corp acquired a new position in shares of American Campus Communities in the first quarter valued at approximately $206,000. Hedge funds and other institutional investors own 96.30% of the company’s stock.

About American Campus Communities

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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