American Campus Communities (ACC) Rating Increased to Hold at Zacks Investment Research

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American Campus Communities (NYSE:ACC) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Tuesday.

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. “

A number of other research firms have also weighed in on ACC. JPMorgan Chase & Co. upgraded American Campus Communities from an “underweight” rating to a “neutral” rating in a report on Wednesday, December 19th. ValuEngine raised shares of American Campus Communities from a “hold” rating to a “buy” rating in a report on Friday, December 7th. Capital One Financial reaffirmed an “equal weight” rating on shares of American Campus Communities in a report on Sunday, November 18th. TheStreet downgraded shares of American Campus Communities from a “b-” rating to a “c” rating in a research report on Monday, October 22nd. Finally, JMP Securities reiterated a “buy” rating and issued a $49.00 target price on shares of American Campus Communities in a research note on Tuesday, October 16th. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. American Campus Communities presently has a consensus rating of “Buy” and an average price target of $44.50.

ACC stock opened at $45.40 on Tuesday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.57 and a current ratio of 1.57. American Campus Communities has a 1-year low of $35.22 and a 1-year high of $46.40. The firm has a market capitalization of $6.30 billion, a price-to-earnings ratio of 19.65 and a beta of 0.49.

In other news, EVP Cardenas Jorge De sold 11,262 shares of the company’s stock in a transaction dated Tuesday, November 27th. The shares were sold at an average price of $43.07, for a total value of $485,054.34. Following the sale, the executive vice president now owns 32,466 shares of the company’s stock, valued at approximately $1,398,310.62. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.64% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the business. Cutler Group LP grew its stake in American Campus Communities by 476.2% in the 4th quarter. Cutler Group LP now owns 790 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 1,000 shares during the period. We Are One Seven LLC bought a new position in American Campus Communities during the fourth quarter valued at approximately $32,000. JOYN Advisors Inc. raised its holdings in shares of American Campus Communities by 143.9% in the fourth quarter. JOYN Advisors Inc. now owns 912 shares of the real estate investment trust’s stock worth $38,000 after buying an additional 538 shares during the period. Ipswich Investment Management Co. Inc. bought a new stake in American Campus Communities during the 4th quarter valued at $41,000. Finally, Whittier Trust Co. of Nevada Inc. lifted its position in American Campus Communities by 11.3% during the 4th quarter. Whittier Trust Co. of Nevada Inc. now owns 2,896 shares of the real estate investment trust’s stock worth $120,000 after acquiring an additional 295 shares during the period. 98.22% of the stock is owned by hedge funds and other institutional investors.

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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