American Campus Communities Inc (ACC) Earns Neutral Rating from Citigroup Inc.

American Campus Communities Inc (NYSE:ACC)‘s stock had its “neutral” rating reaffirmed by investment analysts at Citigroup Inc. in a research report issued to clients and investors on Friday.

ACC has been the subject of several other reports. KeyCorp reaffirmed a “buy” rating and set a $56.00 price objective on shares of American Campus Communities in a research report on Friday, August 25th. BidaskClub cut shares of American Campus Communities from a “buy” rating to a “hold” rating in a research report on Saturday, July 8th. Hilliard Lyons raised shares of American Campus Communities from an “underperform” rating to a “neutral” rating in a research report on Friday, August 11th. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of American Campus Communities in a research report on Thursday, August 10th. Finally, Zacks Investment Research cut shares of American Campus Communities from a “hold” rating to a “sell” rating in a research report on Tuesday, October 10th. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $52.43.

American Campus Communities (ACC) opened at 42.08 on Friday. The stock’s 50 day moving average price is $45.32 and its 200-day moving average price is $46.93. American Campus Communities has a 12 month low of $41.40 and a 12 month high of $52.30. The firm has a market capitalization of $5.74 billion, a P/E ratio of 86.94 and a beta of 0.26.

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A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its position in American Campus Communities by 0.3% in the second quarter. Vanguard Group Inc. now owns 20,850,918 shares of the real estate investment trust’s stock valued at $986,248,000 after acquiring an additional 65,304 shares during the last quarter. BlackRock Inc. lifted its position in American Campus Communities by 2.7% in the second quarter. BlackRock Inc. now owns 15,807,560 shares of the real estate investment trust’s stock valued at $747,699,000 after acquiring an additional 420,488 shares during the last quarter. Capital Research Global Investors lifted its position in American Campus Communities by 1.4% in the second quarter. Capital Research Global Investors now owns 6,166,800 shares of the real estate investment trust’s stock valued at $291,690,000 after acquiring an additional 85,000 shares during the last quarter. State Street Corp lifted its position in American Campus Communities by 0.7% in the second quarter. State Street Corp now owns 5,795,952 shares of the real estate investment trust’s stock valued at $274,152,000 after acquiring an additional 41,332 shares during the last quarter. Finally, Daiwa Securities Group Inc. lifted its position in American Campus Communities by 47.3% in the second quarter. Daiwa Securities Group Inc. now owns 4,798,215 shares of the real estate investment trust’s stock valued at $226,955,000 after acquiring an additional 1,541,548 shares during the last quarter.

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.

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