American Campus Communities Inc (NYSE:ACC) has been assigned a $56.00 price objective by stock analysts at B. Riley in a research note issued to investors on Tuesday. The firm presently has a “buy” rating on the real estate investment trust’s stock. B. Riley’s target price would suggest a potential upside of 33.88% from the company’s current price.

Several other analysts have also weighed in on ACC. Cantor Fitzgerald reaffirmed an “overweight” rating on shares of American Campus Communities in a research note on Thursday, August 10th. FBR & Co reaffirmed a “buy” rating on shares of American Campus Communities in a research note on Monday, September 25th. Sandler O’Neill lowered American Campus Communities from a “buy” rating to a “hold” rating and reduced their price objective for the company from $55.00 to $50.00 in a research note on Wednesday, July 26th. BidaskClub raised American Campus Communities from a “hold” rating to a “buy” rating in a research note on Tuesday, July 25th. Finally, Robert W. Baird reduced their price objective on American Campus Communities from $51.00 to $47.00 and set an “outperform” rating on the stock in a research note on Tuesday, October 31st. One analyst has rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the company. American Campus Communities has an average rating of “Buy” and an average price target of $52.22.

Shares of American Campus Communities (NYSE:ACC) opened at $41.83 on Tuesday. The firm has a market capitalization of $5,824.05, a PE ratio of 19.14, a P/E/G ratio of 14.13 and a beta of 0.27. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.72 and a quick ratio of 0.72. American Campus Communities has a 12 month low of $41.06 and a 12 month high of $51.70.

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Several hedge funds have recently made changes to their positions in the company. Bridgewater Wealth & Financial Management LLC boosted its stake in shares of American Campus Communities by 1.3% during the second quarter. Bridgewater Wealth & Financial Management LLC now owns 5,813 shares of the real estate investment trust’s stock valued at $275,000 after purchasing an additional 75 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in shares of American Campus Communities by 0.5% during 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 acquiring an additional 97 shares during the last quarter. Janney Montgomery Scott LLC raised its position in shares of American Campus Communities by 2.1% during the second quarter. Janney Montgomery Scott LLC now owns 8,708 shares of the real estate investment trust’s stock worth $412,000 after acquiring an additional 178 shares during the last quarter. PNC Financial Services Group Inc. raised its position in shares of American Campus Communities by 2.4% during the second quarter. PNC Financial Services Group Inc. now owns 9,090 shares of the real estate investment trust’s stock worth $430,000 after acquiring an additional 214 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. raised its position in shares of American Campus Communities by 0.7% during the second quarter. Oppenheimer Asset Management Inc. now owns 38,147 shares of the real estate investment trust’s stock worth $1,804,000 after acquiring an additional 253 shares during the last quarter.

About American Campus Communities

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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