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.

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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.

American Campus Communities (NYSE:ACC) last announced its quarterly earnings data on Tuesday, February 20th. The real estate investment trust reported $0.72 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.71 by $0.01. The firm had revenue of $227.60 million during the quarter, compared to analyst estimates of $200.28 million. American Campus Communities had a net margin of 8.67% and a return on equity of 1.96%. The business’s quarterly revenue was up 11.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.65 EPS. research analysts predict that American Campus Communities will post 2.4 earnings per share for the current year.

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.

Analyst Recommendations for American Campus Communities (NYSE:ACC)

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