American Campus Communities (ACC) Given a $56.00 Price Target at B. Riley
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.
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