American Campus Communities (NYSE:ACC) was upgraded by analysts at TheStreet from a “c” rating to a “b-” rating in a report issued on Wednesday.
ACC has been the subject of several other research reports. Zacks Investment Research downgraded American Campus Communities from a “hold” rating to a “sell” rating in a report on Tuesday, December 25th. JPMorgan Chase & Co. upgraded American Campus Communities from an “underweight” rating to a “neutral” rating in a report on Wednesday, December 19th. ValuEngine upgraded American Campus Communities from a “hold” rating to a “buy” rating in a report on Friday, December 7th. Finally, Capital One Financial initiated coverage on American Campus Communities in a research note on Monday, November 19th. They issued an “equal weight” rating and a $44.00 price objective for the company. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $43.81.
Shares of American Campus Communities stock opened at $44.97 on Wednesday. American Campus Communities has a 12-month low of $35.88 and a 12-month high of $46.40. The firm has a market cap of $6.11 billion, a P/E ratio of 19.47 and a beta of 0.49. The company has a quick ratio of 1.57, a current ratio of 1.30 and a debt-to-equity ratio of 0.85.
In other American Campus Communities news, EVP Cardenas Jorge De sold 11,262 shares of the company’s stock in a transaction on Tuesday, November 27th. The stock was sold at an average price of $43.07, for a total value of $485,054.34. Following the completion of the transaction, the executive vice president now owns 32,466 shares in the company, valued at approximately $1,398,310.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.64% of the stock is owned by corporate insiders.
A number of large investors have recently made changes to their positions in the business. We Are One Seven LLC purchased a new position in shares of American Campus Communities during the 4th quarter valued at $32,000. Cutler Group LP lifted its holdings in American Campus Communities by 476.2% during the 4th quarter. Cutler Group LP now owns 790 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 1,000 shares in the last quarter. JOYN Advisors Inc. lifted its holdings in American Campus Communities by 143.9% during the 4th quarter. JOYN Advisors Inc. now owns 912 shares of the real estate investment trust’s stock worth $38,000 after purchasing an additional 538 shares in the last quarter. Ipswich Investment Management Co. Inc. purchased a new stake in American Campus Communities during the 4th quarter worth about $41,000. Finally, Oregon Public Employees Retirement Fund lifted its holdings in American Campus Communities by 4,039.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,240,358 shares of the real estate investment trust’s stock worth $54,000 after purchasing an additional 2,186,230 shares in the last quarter. Hedge funds and other institutional investors own 98.59% 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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