American Campus Communities Inc. (ACC) Lifted to Outperform at Robert W. Baird
Robert W. Baird upgraded shares of American Campus Communities Inc. (NYSE:ACC) to an outperform rating in a research report released on Wednesday, The Fly reports.
Other equities research analysts have also issued reports about the company. Hilliard Lyons lowered American Campus Communities from a neutral rating to an underperform rating in a research note on Friday, July 1st. FBR & Co started coverage on American Campus Communities in a research note on Thursday, June 23rd. They issued an outperform rating and a $54.00 target price for the company. Deutsche Bank AG reiterated a hold rating and issued a $47.00 target price (up previously from $45.00) on shares of American Campus Communities in a research note on Monday, July 18th. 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 note on Wednesday, July 13th. Finally, JMP Securities lowered American Campus Communities from an outperform rating to a market perform rating in a research note on Monday, July 18th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and four have given a buy rating to the company. American Campus Communities has an average rating of Hold and an average target price of $48.33.
American Campus Communities (NYSE:ACC) opened at 49.53 on Wednesday. The stock has a market capitalization of $6.46 billion, a price-to-earnings ratio of 63.83 and a beta of 0.29. The firm’s 50-day moving average is $50.18 and its 200 day moving average is $48.95. American Campus Communities has a 1-year low of $36.93 and a 1-year high of $54.56.
American Campus Communities (NYSE:ACC) last announced its quarterly earnings results on Monday, July 25th. The real estate investment trust reported $0.54 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.02. The company earned $186 million during the quarter, compared to analyst estimates 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 was up 4.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.57 earnings per share. Equities analysts anticipate that American Campus Communities will post $2.25 EPS for the current fiscal year.
In other American Campus Communities news, EVP James E. Wilhelm III sold 6,349 shares of the stock in a transaction that occurred on Monday, August 8th. The stock was sold at an average price of $52.51, for a total transaction of $333,385.99. Following the transaction, the executive vice president now owns 41,603 shares of the company’s stock, valued at approximately $2,184,573.53. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.65% of the company’s stock.
Several hedge funds have recently made changes to their positions in the company. Citizens Financial Group Inc RI increased its stake in shares of American Campus Communities by 1,255.8% in the second quarter. Citizens Financial Group Inc RI now owns 1,993 shares of the real estate investment trust’s stock valued at $105,000 after buying an additional 1,846 shares during the period. North Star Investment Management Corp. bought a new stake in shares of American Campus Communities during the second quarter valued at about $106,000. Invictus RG bought a new stake in shares of American Campus Communities during the second quarter valued at about $107,000. Friess Associates LLC bought a new stake in shares of American Campus Communities during the first quarter valued at about $151,000. Finally, BTR Capital Management Inc. bought a new stake in shares of American Campus Communities during the second quarter valued at about $201,000.
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.
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