American Campus Communities Inc. (NYSE:ACC) shares hit a new 52-week high during trading on Monday . The company traded as high as $54.56 and last traded at $54.55, with a volume of 441,483 shares changing hands. The stock had previously closed at $54.07.

A number of analysts have recently weighed in on ACC shares. Canaccord Genuity reiterated a “buy” rating and set a $56.00 target price (up from $49.00) on shares of American Campus Communities in a research report on Monday, July 11th. JMP Securities downgraded American Campus Communities from an “outperform” rating to a “market perform” rating in a research report on Monday, July 18th. JPMorgan Chase & Co. upped their target price on American Campus Communities from $47.00 to $48.00 and gave the company a “neutral” rating in a research report on Wednesday, July 27th. Deutsche Bank AG reiterated a “hold” rating and set a $47.00 target price (up from $45.00) on shares of American Campus Communities in a research report on Monday, July 18th. Finally, Zacks Investment Research upgraded American Campus Communities from a “hold” rating to a “buy” rating and set a $59.00 target price for the company in a research report on Wednesday, July 13th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the company. American Campus Communities currently has a consensus rating of “Hold” and an average price target of $47.42.

The stock has a market capitalization of $7.12 billion and a price-to-earnings ratio of 70.48. The stock has a 50-day moving average price of $51.33 and a 200 day moving average price of $46.51.

American Campus Communities (NYSE:ACC) last issued its quarterly earnings results on Monday, July 25th. The real estate investment trust reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.02. The firm had revenue of $186 million for the quarter, compared to analysts’ expectations of $174.85 million. During the same quarter last year, the firm earned $0.57 earnings per share. The business’s quarterly revenue was up 4.6% compared to the same quarter last year. Equities analysts forecast that American Campus Communities Inc. will post $2.23 earnings per share for the current year.

In other news, EVP Daniel Perry sold 4,096 shares of American Campus Communities stock in a transaction dated Wednesday, June 22nd. The shares were sold at an average price of $49.05, for a total transaction of $200,908.80. Following the completion of the sale, the executive vice president now directly owns 45,917 shares in the company, valued at $2,252,228.85. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP James E. Wilhelm III sold 1,150 shares of the business’s stock in a transaction that occurred on Tuesday, June 28th. The shares were sold at an average price of $51.51, for a total transaction of $59,236.50. Following the completion of the sale, the executive vice president now owns 41,952 shares of the company’s stock, valued at $2,160,947.52. The disclosure for this sale can be found here.

A number of large investors recently added to or reduced their stakes in the stock. Advantus Capital Management Inc increased its stake in American Campus Communities by 100.0% in the fourth quarter. Advantus Capital Management Inc now owns 252,025 shares of the real estate investment trust’s stock worth $10,419,000 after buying an additional 125,992 shares during the last quarter. Wells Fargo & Company MN increased its stake in American Campus Communities by 113.1% in the fourth quarter. Wells Fargo & Company MN now owns 654,148 shares of the real estate investment trust’s stock worth $27,043,000 after buying an additional 347,187 shares during the last quarter. First Trust Advisors LP increased its stake in American Campus Communities by 93.7% in the fourth quarter. First Trust Advisors LP now owns 79,534 shares of the real estate investment trust’s stock worth $3,288,000 after buying an additional 38,466 shares during the last quarter. Morgan Stanley increased its stake in American Campus Communities by 86.2% in the fourth quarter. Morgan Stanley now owns 247,728 shares of the real estate investment trust’s stock worth $10,241,000 after buying an additional 114,698 shares during the last quarter. Finally, Cornerstone Capital Management Holdings LLC. increased its stake in American Campus Communities by 2.1% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 66,565 shares of the real estate investment trust’s stock worth $2,752,000 after buying an additional 1,372 shares during the last quarter.

American Campus Communities, Inc is a self-managed and self-administered equity real estate investment trust. 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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