Evercore ISI upgraded shares of American Campus Communities Inc (NYSE:ACC) from an underperform rating to an in-line rating in a report issued on Monday, MarketBeat reports. They currently have $49.00 target price on the real estate investment trust’s stock, up from their previous target price of $48.00.

A number of other equities research analysts also recently weighed in on the stock. Zacks Investment Research downgraded shares of American Campus Communities from a hold rating to a sell rating in a research note on Tuesday, May 9th. FBR & Co reissued a buy rating on shares of American Campus Communities in a research note on Friday, May 19th. Canaccord Genuity reissued a buy rating on shares of American Campus Communities in a research note on Friday, February 24th. Finally, BidaskClub raised shares of American Campus Communities from a hold rating to a buy rating in a research note on Saturday. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company’s stock. American Campus Communities presently has a consensus rating of Hold and an average price target of $51.63.

Analyst Recommendations for American Campus Communities (NYSE:ACC)

American Campus Communities (NYSE ACC) traded down 0.95% on Monday, reaching $47.71. 64,605 shares of the company’s stock traded hands. The firm’s 50 day moving average price is $46.99 and its 200 day moving average price is $48.15. American Campus Communities has a 52-week low of $44.65 and a 52-week high of $54.56. The firm has a market capitalization of $6.40 billion, a PE ratio of 73.29 and a beta of 0.26.

American Campus Communities (NYSE:ACC) last posted its quarterly earnings results on Monday, April 24th. The real estate investment trust reported $0.62 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.62. The business had revenue of $192.90 million during the quarter, compared to the consensus estimate of $183.61 million. American Campus Communities had a net margin of 11.23% and a return on equity of 2.53%. American Campus Communities’s revenue for the quarter was down 3.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.62 earnings per share. On average, analysts predict that American Campus Communities will post $0.86 EPS for the current fiscal year.

TRADEMARK VIOLATION NOTICE: This article was posted by Daily Political and is the property of of Daily Political. If you are reading this article on another site, it was illegally copied and republished in violation of U.S. and international copyright & trademark laws. The original version of this article can be viewed at https://www.dailypolitical.com/2017/06/20/american-campus-communities-inc-acc-upgraded-by-evercore-isi-to-in-line.html.

The company also recently announced a quarterly dividend, which was paid on Friday, May 26th. Shareholders of record on Monday, May 15th were paid a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 3.65%. The ex-dividend date of this dividend was Thursday, May 11th. This is an increase from American Campus Communities’s previous quarterly dividend of $0.42. American Campus Communities’s dividend payout ratio is presently 270.77%.

A number of large investors have recently modified their holdings of the stock. Janney Montgomery Scott LLC increased its stake in shares of American Campus Communities by 0.3% in the first quarter. Janney Montgomery Scott LLC now owns 8,530 shares of the real estate investment trust’s stock valued at $406,000 after buying an additional 24 shares during the last quarter. Northwestern Mutual Investment Management Company LLC increased its stake in shares of American Campus Communities by 0.9% in the first quarter. Northwestern Mutual Investment Management Company LLC now owns 22,970 shares of the real estate investment trust’s stock valued at $1,093,000 after buying an additional 204 shares during the last quarter. AQR Capital Management LLC increased its stake in shares of American Campus Communities by 0.4% in the fourth quarter. AQR Capital Management LLC now owns 67,606 shares of the real estate investment trust’s stock valued at $3,365,000 after buying an additional 245 shares during the last quarter. Commerce Bank increased its stake in shares of American Campus Communities by 2.5% in the first quarter. Commerce Bank now owns 10,434 shares of the real estate investment trust’s stock valued at $496,000 after buying an additional 255 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of American Campus Communities by 1.3% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 19,557 shares of the real estate investment trust’s stock valued at $973,000 after buying an additional 259 shares during the last quarter.

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.

Receive News & Ratings for American Campus Communities Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Campus Communities Inc and related companies with MarketBeat.com's FREE daily email newsletter.