B. Riley set a $56.00 price target on American Campus Communities (NYSE:ACC) in a research note issued to investors on Thursday morning. The firm currently has a buy rating on the real estate investment trust’s stock.

A number of other brokerages also recently issued reports on ACC. Zacks Investment Research upgraded shares of American Campus Communities from a sell rating to a hold rating in a report on Monday, October 23rd. FBR & Co reiterated a buy rating on shares of American Campus Communities in a report on Monday, September 25th. Robert W. Baird cut their price target on shares of American Campus Communities from $51.00 to $47.00 and set an outperform rating for the company in a report on Tuesday, October 31st. Citigroup reiterated a neutral rating on shares of American Campus Communities in a report on Friday, October 27th. Finally, Bank of America downgraded shares of American Campus Communities from a buy rating to a neutral rating and set a $45.00 price target for the company. in a report on Thursday, October 26th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and nine have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus price target of $52.22.

American Campus Communities (NYSE ACC) traded up $0.06 during mid-day trading on Thursday, hitting $42.99. 826,900 shares of the stock traded hands, compared to its average volume of 681,597. American Campus Communities has a one year low of $41.06 and a one year high of $51.70. The firm has a market cap of $5,860.00, a PE ratio of 19.25, a PEG ratio of 14.20 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.

The firm also recently announced a quarterly dividend, which was paid on Monday, November 27th. Shareholders of record on Monday, November 13th were issued a dividend of $0.44 per share. The ex-dividend date of this dividend was Friday, November 10th. This represents a $1.76 annualized dividend and a yield of 4.09%. American Campus Communities’s dividend payout ratio (DPR) is currently 440.00%.

Large investors have recently bought and sold shares of the business. CIBC Asset Management Inc purchased a new position in American Campus Communities during the 3rd quarter valued at about $202,000. Raymond James Trust N.A. increased its holdings in American Campus Communities by 6.6% during the 2nd quarter. Raymond James Trust N.A. now owns 4,567 shares of the real estate investment trust’s stock valued at $216,000 after acquiring an additional 283 shares in the last quarter. Cipher Capital LP purchased a new position in American Campus Communities during the 3rd quarter valued at about $244,000. Garner Asset Management Corp purchased a new position in American Campus Communities during the 2nd quarter valued at about $247,000. Finally, Bridgewater Wealth & Financial Management LLC increased its holdings in American Campus Communities by 1.3% during the 2nd quarter. Bridgewater Wealth & Financial Management LLC now owns 5,813 shares of the real estate investment trust’s stock valued at $275,000 after acquiring an additional 75 shares in the last quarter.

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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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