American Campus Communities Inc (ACC) Cut to Sell at Zacks Investment Research

Zacks Investment Research downgraded shares of American Campus Communities Inc (NYSE:ACC) from a hold rating to a sell rating in a research note issued to investors on Monday morning.

According to Zacks, “American Campus Communities, Inc. is a fully integrated, self-managed and self-administered equity REIT with expertise in the acquisition, design, finance, development, construction management, leasing and management of student housing properties. “

Several other equities research analysts also recently issued reports on ACC. Bank of America Corporation downgraded American Campus Communities from a buy rating to a neutral rating and set a $45.00 price target for the company. in a report on Thursday, October 26th. FBR & Co reaffirmed a buy rating and set a $56.00 price target on shares of American Campus Communities in a report on Tuesday, October 24th. Citigroup Inc. reaffirmed a neutral rating on shares of American Campus Communities in a report on Friday, October 27th. Cantor Fitzgerald reaffirmed an overweight rating on shares of American Campus Communities in a report on Thursday, August 10th. Finally, Argus raised American Campus Communities from a hold rating to a buy rating in a report on Thursday, October 26th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the company. American Campus Communities presently has a consensus rating of Buy and a consensus target price of $51.75.

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Several hedge funds and other institutional investors have recently modified their holdings of ACC. Stifel Financial Corp increased its position in shares of American Campus Communities by 5.6% in the first quarter. Stifel Financial Corp now owns 5,769 shares of the real estate investment trust’s stock worth $277,000 after purchasing an additional 308 shares during the period. Morgan Stanley increased its position in shares of American Campus Communities by 40.7% in the first quarter. Morgan Stanley now owns 411,317 shares of the real estate investment trust’s stock worth $19,575,000 after purchasing an additional 118,937 shares during the period. AQR Capital Management LLC increased its position in shares of American Campus Communities by 9.0% in the first quarter. AQR Capital Management LLC now owns 73,674 shares of the real estate investment trust’s stock worth $3,506,000 after purchasing an additional 6,068 shares during the period. Paloma Partners Management Co bought a new position in shares of American Campus Communities in the first quarter worth $1,166,000. Finally, Tudor Investment Corp ET AL bought a new position in shares of American Campus Communities in the first quarter worth $495,000.

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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