American Campus Communities (ACC) Rating Reiterated by KeyCorp

KeyCorp reissued their overweight rating on shares of American Campus Communities (NYSE:ACC) in a research report sent to investors on Wednesday, Marketbeat Ratings reports. The brokerage currently has a $47.00 price target on the real estate investment trust’s stock, down from their previous price target of $56.00. KeyCorp also issued estimates for American Campus Communities’ FY2017 earnings at $2.23 EPS, Q1 2018 earnings at $0.66 EPS, FY2018 earnings at $2.39 EPS and FY2019 earnings at $2.49 EPS.

ACC has been the topic of several other research reports. FBR & Co reissued a buy rating on shares of American Campus Communities in a research report on Monday, September 25th. Zacks Investment Research raised shares of American Campus Communities from a sell rating to a hold rating in a research report on Monday, October 16th. B. Riley set a $56.00 price target on shares of American Campus Communities and gave the stock a buy rating in a research report on Thursday, December 7th. J P Morgan Chase & Co cut shares of American Campus Communities from a neutral rating to an underweight rating and set a $45.00 price target on the stock. in a research report on Friday, December 15th. Finally, Argus raised shares of American Campus Communities from a hold rating to a buy rating in a research report on Thursday, October 26th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and nine have issued a buy rating to the company. The company currently has an average rating of Hold and an average target price of $50.60.

American Campus Communities (ACC) opened at $40.31 on Wednesday. American Campus Communities has a 1 year low of $40.07 and a 1 year high of $51.70. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.72 and a quick ratio of 0.72. The company has a market cap of $5,488.44, a PE ratio of 98.32, a price-to-earnings-growth ratio of 13.38 and a beta of 0.27.

The company also recently announced a quarterly dividend, which was paid on Monday, November 27th. Investors of record on Monday, November 13th were issued a $0.44 dividend. The ex-dividend date was Friday, November 10th. This represents a $1.76 annualized dividend and a yield of 4.37%. American Campus Communities’s dividend payout ratio (DPR) is 429.28%.

A number of large investors have recently modified their holdings of ACC. Russell Investments Group Ltd. raised its holdings in American Campus Communities by 17.2% in the second quarter. Russell Investments Group Ltd. now owns 74,359 shares of the real estate investment trust’s stock valued at $3,518,000 after acquiring an additional 10,937 shares in the last quarter. TD Asset Management Inc. raised its holdings in American Campus Communities by 9.4% in the second quarter. TD Asset Management Inc. now owns 26,800 shares of the real estate investment trust’s stock valued at $1,268,000 after acquiring an additional 2,300 shares in the last quarter. Canada Pension Plan Investment Board raised its holdings in American Campus Communities by 1,200.0% in the second quarter. Canada Pension Plan Investment Board now owns 110,500 shares of the real estate investment trust’s stock valued at $5,227,000 after acquiring an additional 102,000 shares in the last quarter. Schwab Charles Investment Management Inc. raised its holdings in American Campus Communities by 12.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 1,211,488 shares of the real estate investment trust’s stock valued at $57,304,000 after acquiring an additional 136,925 shares in the last quarter. Finally, State of Wisconsin Investment Board raised its holdings in American Campus Communities by 1.9% in the second quarter. State of Wisconsin Investment Board now owns 26,665 shares of the real estate investment trust’s stock valued at $1,261,000 after acquiring an additional 510 shares in the last quarter.

TRADEMARK VIOLATION NOTICE: This article was first posted by Community Financial News and is the property of of Community Financial News. If you are accessing this article on another site, it was illegally copied and reposted in violation of United States and international copyright legislation. The legal version of this article can be read at https://www.com-unik.info/2017/12/24/american-campus-communities-acc-rating-reiterated-by-keycorp.html.

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.

Analyst Recommendations for American Campus Communities (NYSE:ACC)

Receive News & Ratings for American Campus Communities Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Campus Communities and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit