American Campus Communities (ACC) Raised to “B-” at TheStreet

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.

American Campus Communities (NYSE:ACC) last announced its quarterly earnings results on Tuesday, February 19th. The real estate investment trust reported $0.72 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.73 by ($0.01). American Campus Communities had a return on equity of 3.11% and a net margin of 13.29%. The company had revenue of $245.87 million for the quarter, compared to the consensus estimate of $226.83 million. During the same quarter last year, the company posted $0.72 EPS. The company’s quarterly revenue was up 8.0% compared to the same quarter last year. On average, equities analysts anticipate that American Campus Communities will post 2.42 EPS for the current year.

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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Analyst Recommendations for American Campus Communities (NYSE:ACC)

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