American Campus Communities (ACC) Price Target Cut to $41.00 by Analysts at Citigroup
American Campus Communities (NYSE:ACC) had its price target reduced by investment analysts at Citigroup from $45.00 to $41.00 in a research note issued to investors on Tuesday. The firm presently has a “neutral” rating on the real estate investment trust’s stock. Citigroup’s target price would suggest a potential upside of 7.36% from the company’s previous close.
A number of other equities research analysts have also weighed in on the stock. Sandler O’Neill restated a “buy” rating and issued a $43.00 price objective on shares of American Campus Communities in a report on Monday, February 26th. Zacks Investment Research upgraded shares of American Campus Communities from a “sell” rating to a “hold” rating in a report on Monday, February 26th. Hilliard Lyons upgraded shares of American Campus Communities from a “neutral” rating to a “buy” rating and set a $41.00 price objective for the company in a report on Thursday, February 22nd. B. Riley set a $50.00 price objective on shares of American Campus Communities and gave the stock a “buy” rating in a report on Wednesday, February 21st. Finally, KeyCorp restated an “overweight” rating and issued a $47.00 price objective (down from $56.00) on shares of American Campus Communities in a report on Wednesday, December 20th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and eleven have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $47.92.
Shares of American Campus Communities (ACC) opened at $38.19 on Tuesday. The firm has a market cap of $5,177.26, a P/E ratio of 76.38, a PEG ratio of 12.08 and a beta of 0.24. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.86. American Campus Communities has a 1-year low of $34.52 and a 1-year high of $49.93.
A number of large investors have recently bought and sold shares of ACC. Aperio Group LLC raised its holdings in American Campus Communities by 4.2% during the 3rd quarter. Aperio Group LLC now owns 36,116 shares of the real estate investment trust’s stock valued at $1,595,000 after buying an additional 1,455 shares during the last quarter. Crossmark Global Holdings Inc. bought a new stake in American Campus Communities during the 3rd quarter valued at $647,000. Swiss National Bank raised its holdings in American Campus Communities by 1.8% during the 3rd quarter. Swiss National Bank now owns 224,252 shares of the real estate investment trust’s stock valued at $9,901,000 after buying an additional 4,000 shares during the last quarter. CIBC Asset Management Inc bought a new stake in American Campus Communities during the 3rd quarter valued at $202,000. Finally, New York State Common Retirement Fund raised its holdings in American Campus Communities by 10.2% during the 3rd quarter. New York State Common Retirement Fund now owns 321,382 shares of the real estate investment trust’s stock valued at $14,189,000 after buying an additional 29,782 shares during 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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