Capital One Financial Corp. assumed coverage on shares of American Campus Communities Inc. (NYSE:ACC) in a research note issued to investors on Friday morning. The brokerage issued an equal weight rating and a $49.00 target price on the real estate investment trust’s stock.
A number of other brokerages have also recently issued reports on ACC. Deutsche Bank AG raised their target price on American Campus Communities from $47.00 to $48.00 and gave the stock a hold rating in a report on Wednesday, August 10th. Hilliard Lyons cut American Campus Communities from a neutral rating to an underperform rating in a report on Friday, July 1st. JPMorgan Chase & Co. lifted their price objective on American Campus Communities from $47.00 to $48.00 and gave the company a neutral rating in a report on Wednesday, July 27th. Citigroup Inc. lifted their price objective on American Campus Communities from $45.00 to $52.00 and gave the company a neutral rating in a report on Thursday, July 7th. Finally, Canaccord Genuity reiterated a buy rating and set a $56.00 price objective on shares of American Campus Communities in a report on Monday, July 25th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of Hold and an average target price of $48.33.
Shares of American Campus Communities (NYSE:ACC) opened at 51.29 on Friday. American Campus Communities has a 12 month low of $35.66 and a 12 month high of $54.56. The company has a market cap of $6.69 billion, a PE ratio of 66.10 and a beta of 0.33. The firm’s 50-day moving average price is $50.34 and its 200-day moving average price is $48.81.
American Campus Communities (NYSE:ACC) last issued its earnings results on Monday, July 25th. The real estate investment trust reported $0.54 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.02. American Campus Communities had a return on equity of 3.02% and a net margin of 12.26%. The firm had revenue of $186 million for the quarter, compared to analysts’ expectations of $174.85 million. During the same quarter last year, the business earned $0.57 earnings per share. The company’s revenue was up 4.6% compared to the same quarter last year. Equities analysts predict that American Campus Communities will post $2.25 EPS for the current fiscal year.
In other American Campus Communities news, EVP James E. Wilhelm III sold 6,349 shares of the business’s stock in a transaction that occurred on Monday, August 8th. The stock was sold at an average price of $52.51, for a total transaction of $333,385.99. Following the transaction, the executive vice president now owns 41,603 shares of the company’s stock, valued at approximately $2,184,573.53. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.65% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of ACC. Citizens Financial Group Inc RI raised its position in American Campus Communities by 1,255.8% in the second quarter. Citizens Financial Group Inc RI now owns 1,993 shares of the real estate investment trust’s stock valued at $105,000 after buying an additional 1,846 shares during the period. North Star Investment Management Corp. bought a new position in American Campus Communities during the second quarter valued at $106,000. Invictus RG bought a new position in American Campus Communities during the second quarter valued at $107,000. Friess Associates LLC bought a new position in American Campus Communities during the first quarter valued at $151,000. Finally, BTR Capital Management Inc. bought a new position in American Campus Communities during the second quarter valued at $201,000.
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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