American Campus Communities Inc (ACC) Downgraded by Zacks Investment Research

American Campus Communities Inc (NYSE:ACC) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Friday, July 14th.

According to Zacks, “American Campus Communities, Inc. is a fully integrated, self-managed and self-administered equity REIT with expertise in the acquisition, design, finance, development, construction management, leasing and management of student housing properties. “

Several other equities analysts have also recently issued reports on the company. Evercore ISI upgraded American Campus Communities from an “underperform” rating to an “in-line” rating and raised their price target for the company from $48.00 to $49.00 in a report on Monday, June 19th. FBR & Co restated a “buy” rating on shares of American Campus Communities in a report on Friday, May 19th. BidaskClub upgraded American Campus Communities from a “hold” rating to a “buy” rating in a report on Saturday, June 17th. Finally, JMP Securities upgraded American Campus Communities from a “market perform” rating to an “outperform” rating and set a $55.00 target price on the stock in a report on Monday, July 10th. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $52.13.

American Campus Communities (ACC) opened at 47.20 on Friday. American Campus Communities has a 12-month low of $44.65 and a 12-month high of $53.27. The firm’s 50-day moving average is $47.66 and its 200 day moving average is $47.97. The stock has a market capitalization of $6.35 billion, a P/E ratio of 97.52 and a beta of 0.25.

American Campus Communities (NYSE:ACC) last posted its quarterly earnings results on Monday, July 24th. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by $0.01. The firm had revenue of $169.90 million during the quarter, compared to the consensus estimate of $169.50 million. American Campus Communities had a net margin of 8.59% and a return on equity of 1.90%. American Campus Communities’s revenue was down 3.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.54 EPS. Equities research analysts anticipate that American Campus Communities will post $0.75 earnings per share for the current year.

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A number of large investors have recently made changes to their positions in ACC. Israel Discount Bank of New York purchased a new stake in shares of American Campus Communities during the first quarter worth about $116,000. Israel Discount Bank of New York GFN purchased a new stake in shares of American Campus Communities during the fourth quarter worth about $121,000. Bridgewater Wealth & Financial Management LLC raised its stake in shares of American Campus Communities by 1.3% in the second quarter. Bridgewater Wealth & Financial Management LLC now owns 5,813 shares of the real estate investment trust’s stock worth $275,000 after buying an additional 75 shares in the last quarter. Stifel Financial Corp raised its stake in shares of American Campus Communities by 5.6% in the first quarter. Stifel Financial Corp now owns 5,769 shares of the real estate investment trust’s stock worth $277,000 after buying an additional 308 shares in the last quarter. Finally, Sprott Inc. purchased a new stake in shares of American Campus Communities during the first quarter worth about $339,000.

American Campus Communities Company Profile

American Campus Communities, Inc is a self-managed and self-administered equity real estate investment trust (REIT). The Company’s segments include Wholly-Owned Properties, On-Campus Participating Properties, Development Services, and Property Management Services. It is engaged in the acquisition, design, financing, development, construction management, leasing and management of student housing properties.

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