American Campus Communities, Inc. (NYSE:ACC – Get Rating) Director John T. Rippel sold 476 shares of the stock in a transaction that occurred on Monday, May 2nd. The stock was sold at an average price of $64.53, for a total value of $30,716.28. Following the transaction, the director now owns 36,141 shares in the company, valued at approximately $2,332,178.73. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
American Campus Communities Stock Up 0.0 %
Shares of ACC opened at $65.40 on Friday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 2.18 and a current ratio of 1.02. American Campus Communities, Inc. has a one year low of $48.01 and a one year high of $65.43. The stock has a market capitalization of $9.12 billion, a price-to-earnings ratio of 130.80 and a beta of 0.75. The stock has a 50 day moving average price of $64.86 and a 200 day moving average price of $59.85.
Wall Street Analysts Forecast Growth
ACC has been the subject of several research analyst reports. Argus downgraded American Campus Communities from a “buy” rating to a “hold” rating in a research note on Wednesday, April 27th. Capital One Financial downgraded American Campus Communities from an “overweight” rating to an “equal weight” rating and set a $65.47 target price for the company. in a research note on Tuesday, April 26th. Piper Sandler downgraded American Campus Communities from an “overweight” rating to a “neutral” rating and upped their target price for the stock from $65.00 to $65.50 in a research note on Wednesday, April 20th. Citigroup downgraded American Campus Communities from a “buy” rating to a “neutral” rating in a research note on Wednesday, April 20th. Finally, StockNews.com downgraded American Campus Communities from a “hold” rating to a “sell” rating in a research note on Friday, June 3rd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. According to MarketBeat, American Campus Communities has a consensus rating of “Hold” and an average price target of $61.59.
Institutional Trading of American Campus Communities
About American Campus Communities
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.
- Get a free copy of the StockNews.com research report on American Campus Communities (ACC)
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