Robert W. Baird Lowers American Campus Communities Inc (NYSE:ACC) Price Target to $47.00

American Campus Communities Inc (NYSE:ACC) had its target price reduced by equities research analysts at Robert W. Baird from $51.00 to $47.00 in a research note issued on Tuesday, October 31st. The brokerage presently has an “outperform” rating on the real estate investment trust’s stock. Robert W. Baird’s price objective would indicate a potential upside of 12.44% from the company’s previous close.

A number of other research firms also recently commented on ACC. BidaskClub raised American Campus Communities from a “hold” rating to a “buy” rating in a report on Tuesday, July 25th. Canaccord Genuity reissued a “buy” rating and issued a $56.00 target price on shares of American Campus Communities in a report on Monday, July 24th. Zacks Investment Research upgraded American Campus Communities from a “sell” rating to a “hold” rating in a research report on Friday, July 21st. TheStreet cut American Campus Communities from a “b” rating to a “c+” rating in a research report on Monday, July 24th. Finally, KeyCorp restated a “buy” rating and issued a $56.00 price target on shares of American Campus Communities in a research report on Friday, August 25th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $51.75.

Shares of American Campus Communities (NYSE:ACC) opened at $41.80 on Tuesday. American Campus Communities has a fifty-two week low of $41.06 and a fifty-two week high of $51.70. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.72 and a quick ratio of 0.72. The company has a market capitalization of $5,702.63, a price-to-earnings ratio of 18.74, a price-to-earnings-growth ratio of 13.84 and a beta of 0.27.

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A number of institutional investors and hedge funds have recently bought and sold shares of ACC. Stifel Financial Corp lifted its stake in shares of American Campus Communities by 5.6% in the 1st quarter. Stifel Financial Corp now owns 5,769 shares of the real estate investment trust’s stock valued at $277,000 after purchasing an additional 308 shares in the last quarter. Morgan Stanley lifted its stake in shares of American Campus Communities by 40.7% in the 1st quarter. Morgan Stanley now owns 411,317 shares of the real estate investment trust’s stock valued at $19,575,000 after purchasing an additional 118,937 shares in the last quarter. AQR Capital Management LLC lifted its stake in shares of American Campus Communities by 9.0% in the 1st quarter. AQR Capital Management LLC now owns 73,674 shares of the real estate investment trust’s stock valued at $3,506,000 after purchasing an additional 6,068 shares in the last quarter. Paloma Partners Management Co acquired a new position in shares of American Campus Communities in the 1st quarter valued at about $1,166,000. Finally, Tudor Investment Corp ET AL acquired a new position in American Campus Communities during the 1st quarter worth approximately $495,000.

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.

Analyst Recommendations for American Campus Communities (NYSE:ACC)

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