American Campus Communities Inc. (ACC) Downgraded by Zacks Investment Research to “Hold”

Zacks Investment Research lowered shares of American Campus Communities Inc. (NYSE:ACC) from a buy rating to a hold rating in a research report sent to investors on Thursday morning.

According to Zacks, “American Campus Communities, Inc. is a fully integrated, self-managed and self-administered equity REIT with expertise in the acquisition, design, finance, development, construction management, leasing and management of student housing properties. “

ACC has been the topic of a number of other reports. FBR & Co reissued a buy rating and issued a $56.00 price target on shares of American Campus Communities in a report on Wednesday, October 26th. Canaccord Genuity set a $59.00 price target on shares of American Campus Communities and gave the stock a buy rating in a report on Monday, October 24th. Robert W. Baird raised shares of American Campus Communities to an outperform rating in a report on Wednesday, September 28th. Capital One Financial Corp. began coverage on shares of American Campus Communities in a report on Friday, September 23rd. They issued an equal weight rating and a $49.00 price target on the stock. Finally, Deutsche Bank AG raised their target price on shares of American Campus Communities from $47.00 to $48.00 and gave the company a hold rating in a research note on Wednesday, August 10th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of Hold and an average price target of $50.00.

Analyst Recommendations for American Campus Communities (NYSE:ACC)

Shares of American Campus Communities (NYSE:ACC) traded down 0.18% during trading on Thursday, hitting $44.95. 64,119 shares of the stock traded hands. American Campus Communities has a 1-year low of $37.75 and a 1-year high of $54.56. The stock has a 50-day moving average of $49.11 and a 200 day moving average of $49.66. The company has a market cap of $5.94 billion, a P/E ratio of 55.91 and a beta of 0.26.

American Campus Communities (NYSE:ACC) last posted its quarterly earnings results on Monday, October 24th. The real estate investment trust reported $0.45 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.02. The company earned $196.40 million during the quarter, compared to analyst estimates of $183.69 million. American Campus Communities had a net margin of 13.00% and a return on equity of 3.11%. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.43 earnings per share. On average, equities research analysts predict that American Campus Communities will post $2.27 EPS for the current fiscal year.

The company also recently announced a dividend, which will be paid on Monday, November 28th. Stockholders of record on Monday, November 14th will be issued a $0.42 dividend. The ex-dividend date is Wednesday, November 9th. American Campus Communities’s dividend payout ratio is 204.88%.

In other news, insider William C. Bayless, Jr. sold 12,409 shares of the business’s stock in a transaction on Thursday, October 27th. The shares were sold at an average price of $50.11, for a total transaction of $621,814.99. Following the sale, the insider now owns 271,873 shares in the company, valued at approximately $13,623,556.03. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Jennifer Beese sold 856 shares of the business’s stock in a transaction on Friday, November 4th. The shares were sold at an average price of $48.45, for a total transaction of $41,473.20. Following the sale, the executive vice president now owns 31,475 shares in the company, valued at approximately $1,524,963.75. The disclosure for this sale can be found here. 0.65% of the stock is currently owned by insiders.

Hedge funds have recently made changes to their positions in the stock. Credit Suisse AG boosted its stake in shares of American Campus Communities by 7.5% in the third quarter. Credit Suisse AG now owns 485,376 shares of the real estate investment trust’s stock worth $24,692,000 after buying an additional 33,681 shares during the period. Ameritas Investment Partners Inc. boosted its stake in shares of American Campus Communities by 90.6% in the third quarter. Ameritas Investment Partners Inc. now owns 39,317 shares of the real estate investment trust’s stock worth $2,000,000 after buying an additional 18,692 shares during the period. Barings Real Estate Advisers LLC boosted its stake in shares of American Campus Communities by 35.3% in the third quarter. Barings Real Estate Advisers LLC now owns 272,070 shares of the real estate investment trust’s stock worth $13,840,000 after buying an additional 70,941 shares during the period. D. E. Shaw & Co. Inc. boosted its stake in shares of American Campus Communities by 49.6% in the third quarter. D. E. Shaw & Co. Inc. now owns 88,044 shares of the real estate investment trust’s stock worth $4,479,000 after buying an additional 29,194 shares during the period. Finally, Nuveen Fund Advisors LLC acquired a new stake in shares of American Campus Communities during the third quarter worth approximately $296,000.

American Campus Communities Company Profile

American Campus Communities, Inc is a self-managed and self-administered equity real estate investment trust. 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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