Zacks Investment Research Upgrades American Campus Communities (ACC) to “Hold”

American Campus Communities (NYSE:ACC) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Wednesday, September 5th.

According to Zacks, “American Campus Communities, Inc. is a real estate investment trust (REIT). Through ACC’s controlling interest in American Campus Communities Operating Partnership L.P. (ACCOP), ACC is one of the largest owners, managers and developers of high quality student housing properties in the United States in terms of beds owned and under management. ACC is a fully integrated, self-managed and self-administered equity REIT with expertise in the acquisition, design, financing, development, construction management, leasing and management of student housing properties. “

ACC has been the topic of a number of other research reports. TheStreet upgraded shares of American Campus Communities from a “c” rating to a “b-” rating in a research note on Tuesday, July 24th. ValuEngine lowered shares of American Campus Communities from a “hold” rating to a “sell” rating in a research report on Monday, May 14th. Bank of America upgraded shares of American Campus Communities from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $43.00 to $46.50 in a research report on Thursday, June 14th. Deutsche Bank lifted their price objective on shares of American Campus Communities from $42.00 to $45.00 and gave the stock a “hold” rating in a research report on Wednesday, September 5th. Finally, Argus cut shares of American Campus Communities from a “buy” rating to a “hold” rating in a research report on Wednesday, July 18th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $45.75.

ACC opened at $42.46 on Wednesday. The company has a market cap of $5.83 billion, a PE ratio of 18.38 and a beta of 0.15. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.77. American Campus Communities has a twelve month low of $34.52 and a twelve month high of $48.66.

American Campus Communities (NYSE:ACC) last posted its quarterly earnings data on Monday, July 23rd. The real estate investment trust reported $0.52 EPS for the quarter, missing the Zacks’ consensus estimate of $0.53 by ($0.01). American Campus Communities had a net margin of 12.97% and a return on equity of 3.29%. The company had revenue of $190.20 million for the quarter, compared to analyst estimates of $190.23 million. During the same quarter in the prior year, the business earned $0.53 EPS. American Campus Communities’s revenue was up 11.9% compared to the same quarter last year. analysts anticipate that American Campus Communities will post 2.32 earnings per share for the current year.

Several large investors have recently bought and sold shares of the company. Wells Fargo & Company MN increased its stake in American Campus Communities by 2.6% in the first quarter. Wells Fargo & Company MN now owns 3,884,095 shares of the real estate investment trust’s stock valued at $150,004,000 after acquiring an additional 96,840 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its position in American Campus Communities by 11.8% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 22,017 shares of the real estate investment trust’s stock valued at $850,000 after buying an additional 2,324 shares in the last quarter. Comerica Bank boosted its position in American Campus Communities by 1.7% in the first quarter. Comerica Bank now owns 116,330 shares of the real estate investment trust’s stock valued at $4,503,000 after buying an additional 1,957 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. boosted its position in American Campus Communities by 3.7% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 129,927 shares of the real estate investment trust’s stock valued at $5,018,000 after buying an additional 4,586 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in American Campus Communities by 41.7% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 41,808 shares of the real estate investment trust’s stock valued at $1,615,000 after buying an additional 12,307 shares in the last quarter. Institutional investors own 97.88% 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.

See Also: How to Invest in an Index Fund

Get a free copy of the Zacks research report on American Campus Communities (ACC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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.

Leave a Reply