American Campus Communities Inc (NYSE:ACC)‘s stock had its “overweight” rating reiterated by Cantor Fitzgerald in a research report issued to clients and investors on Thursday. They currently have a $11.00 target price on the real estate investment trust’s stock. Cantor Fitzgerald’s price objective would suggest a potential downside of 76.62% from the company’s previous close.

ACC has been the topic of a number of other reports. Zacks Investment Research lowered shares of American Campus Communities from a “buy” rating to a “hold” rating in a report on Friday, July 14th. BidaskClub lowered shares of American Campus Communities from a “buy” rating to a “hold” rating in a report on Saturday, July 8th. FBR & Co reissued a “buy” rating on shares of American Campus Communities in a report on Friday, May 19th. Canaccord Genuity reissued a “buy” rating and set a $56.00 target price on shares of American Campus Communities in a report on Monday, July 24th. Finally, Sandler O’Neill lowered shares of American Campus Communities from a “buy” rating to a “hold” rating and reduced their target price for the stock from $55.00 to $50.00 in a report on Wednesday, July 26th. Five research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $47.56.

Shares of American Campus Communities (ACC) traded down 0.13% during trading on Thursday, reaching $46.54. 162,027 shares of the company traded hands. The company has a 50 day moving average price of $47.56 and a 200 day moving average price of $47.90. The firm has a market capitalization of $6.35 billion, a price-to-earnings ratio of 96.16 and a beta of 0.25. American Campus Communities has a 12-month low of $44.65 and a 12-month high of $52.53.

American Campus Communities (NYSE:ACC) last announced its quarterly earnings results on Monday, July 24th. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by $0.01. The company had revenue of $169.90 million for the quarter, compared to the consensus estimate of $169.50 million. American Campus Communities had a net margin of 8.59% and a return on equity of 1.90%. The company’s revenue for the quarter was down 3.1% compared to the same quarter last year. During the same period last year, the firm posted $0.54 earnings per share. On average, equities analysts predict that American Campus Communities will post $0.75 EPS for the current year.

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Large investors have recently bought and sold shares of the stock. Sand Hill Global Advisors LLC purchased a new stake in American Campus Communities during the second quarter worth approximately $621,000. Wells Fargo & Company MN raised its stake in American Campus Communities by 10.4% in the second quarter. Wells Fargo & Company MN now owns 3,151,200 shares of the real estate investment trust’s stock worth $149,052,000 after buying an additional 295,876 shares in the last quarter. Franklin Resources Inc. raised its stake in American Campus Communities by 59.7% in the second quarter. Franklin Resources Inc. now owns 431,200 shares of the real estate investment trust’s stock worth $20,396,000 after buying an additional 161,200 shares in the last quarter. Synovus Financial Corp raised its stake in American Campus Communities by 21.7% in the second quarter. Synovus Financial Corp now owns 11,635 shares of the real estate investment trust’s stock worth $546,000 after buying an additional 2,076 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in American Campus Communities by 0.5% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 19,567 shares of the real estate investment trust’s stock worth $926,000 after buying an additional 97 shares in 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.

Analyst Recommendations for American Campus Communities (NYSE:ACC)

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