Analysts at Capital One Financial Corp. began coverage on shares of American Campus Communities Inc. (NYSE:ACC) in a report issued on Friday. The brokerage set an “equal weight” rating and a $49.00 price target on the real estate investment trust’s stock. Capital One Financial Corp.’s target price points to a potential downside of 4.69% from the company’s current price.

Several other research analysts also recently commented on ACC. Zacks Investment Research downgraded shares of American Campus Communities from a “buy” rating to a “hold” rating in a research report on Wednesday, September 7th. Deutsche Bank AG boosted their price objective on shares of American Campus Communities from $47.00 to $48.00 and gave the company a “hold” rating in a research report on Wednesday, August 10th. JPMorgan Chase & Co. boosted their price objective on shares of American Campus Communities from $47.00 to $48.00 and gave the company a “neutral” rating in a research report on Wednesday, July 27th. Canaccord Genuity restated a “buy” rating and set a $56.00 price objective on shares of American Campus Communities in a research report on Monday, July 25th. Finally, JMP Securities downgraded shares of American Campus Communities from an “outperform” rating to a “market perform” rating in a research report on Monday, July 18th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $48.42.

Analyst Recommendations for American Campus Communities (NYSE:ACC)

American Campus Communities (NYSE:ACC) opened at 51.41 on Friday. The stock has a 50 day moving average price of $50.50 and a 200 day moving average price of $48.59. The company has a market capitalization of $6.71 billion, a price-to-earnings ratio of 66.25 and a beta of 0.33. American Campus Communities has a 52-week low of $35.66 and a 52-week high of $54.56.

American Campus Communities (NYSE:ACC) last issued its quarterly earnings results on Monday, July 25th. The real estate investment trust reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.02. The business earned $186 million during the quarter, compared to analysts’ expectations of $174.85 million. American Campus Communities had a return on equity of 3.02% and a net margin of 12.26%. The firm’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.57 earnings per share. Analysts anticipate that American Campus Communities will post $2.25 EPS for the current fiscal year.

The business also recently disclosed a dividend, which was paid on Friday, August 26th. Investors of record on Monday, August 15th were issued a $0.42 dividend. The ex-dividend date was Thursday, August 11th. American Campus Communities’s payout ratio is 218.18%.

In related news, EVP James E. Wilhelm III sold 6,349 shares of the stock in a transaction on Monday, August 8th. The stock was sold at an average price of $52.51, for a total value of $333,385.99. Following the completion of the sale, the executive vice president now directly owns 41,603 shares in the company, valued at $2,184,573.53. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP James E. Wilhelm III sold 1,150 shares of the stock in a transaction on Tuesday, June 28th. The shares were sold at an average price of $51.51, for a total value 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. 0.65% of the stock is owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of ACC. Pioneer Investment Management Inc. increased its stake in American Campus Communities by 5.2% in the fourth quarter. Pioneer Investment Management Inc. now owns 68,300 shares of the real estate investment trust’s stock worth $2,824,000 after buying an additional 3,400 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its stake in shares of American Campus Communities by 6.3% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 65,680 shares of the real estate investment trust’s stock worth $2,715,000 after buying an additional 3,910 shares during the period. Norges Bank purchased a new stake in shares of American Campus Communities during the fourth quarter worth approximately $38,998,000. Raymond James Trust N.A. purchased a new stake in shares of American Campus Communities during the first quarter worth approximately $277,000. Finally, Texas Permanent School Fund boosted its stake in shares of American Campus Communities by 11.3% in the first quarter. Texas Permanent School Fund now owns 103,669 shares of the real estate investment trust’s stock worth $4,882,000 after buying an additional 10,520 shares during the period.

About American Campus Communities

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.

5 Day Chart for NYSE:ACC

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