JMP Securities Reaffirms Buy Rating for American Campus Communities (ACC)

JMP Securities reiterated their buy rating on shares of American Campus Communities (NYSE:ACC) in a research note issued to investors on Tuesday. They currently have a $49.00 price objective on the real estate investment trust’s stock.

Several other research analysts also recently commented on ACC. ValuEngine raised shares of American Campus Communities from a sell rating to a hold rating in a research note on Monday, July 2nd. Argus downgraded shares of American Campus Communities from a buy rating to a hold rating in a research note on Wednesday, July 18th. TheStreet raised shares of American Campus Communities from a c rating to a b- rating in a research note on Tuesday, July 24th. Zacks Investment Research raised shares of American Campus Communities from a sell rating to a hold rating in a research note on Tuesday, August 21st. Finally, Deutsche Bank lifted their price target on shares of American Campus Communities from $42.00 to $45.00 and gave the stock a hold rating in a research note on Wednesday, September 5th. One research analyst has rated the stock with a sell rating, five have given a hold rating and eight have issued a buy rating to the stock. The stock has a consensus rating of Buy and an average target price of $46.05.

ACC stock opened at $40.20 on Tuesday. The company has a market cap of $5.52 billion, a price-to-earnings ratio of 17.58 and a beta of 0.14. American Campus Communities has a one year low of $34.52 and a one year high of $44.08. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.77.

American Campus Communities (NYSE:ACC) last posted its quarterly earnings results on Monday, July 23rd. The real estate investment trust reported $0.52 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.01). The business had revenue of $190.20 million for the quarter, compared to analysts’ expectations of $190.23 million. American Campus Communities had a return on equity of 3.29% and a net margin of 12.97%. The company’s revenue was up 11.9% compared to the same quarter last year. During the same period last year, the business posted $0.53 earnings per share. On average, analysts anticipate that American Campus Communities will post 2.32 EPS for the current year.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. BlackRock Inc. increased its stake in shares of American Campus Communities by 1.1% in the second quarter. BlackRock Inc. now owns 16,427,516 shares of the real estate investment trust’s stock worth $704,412,000 after buying an additional 179,745 shares during the period. Wells Fargo & Company MN increased its stake in shares of American Campus Communities by 3.4% in the second quarter. Wells Fargo & Company MN now owns 4,015,728 shares of the real estate investment trust’s stock worth $172,194,000 after buying an additional 131,633 shares during the period. Cbre Clarion Securities LLC purchased a new position in shares of American Campus Communities in the second quarter worth $114,290,000. Dimensional Fund Advisors LP increased its stake in shares of American Campus Communities by 2.4% in the second quarter. Dimensional Fund Advisors LP now owns 2,109,626 shares of the real estate investment trust’s stock worth $90,461,000 after buying an additional 48,764 shares during the period. Finally, Schwab Charles Investment Management Inc. increased its stake in shares of American Campus Communities by 6.8% in the second quarter. Schwab Charles Investment Management Inc. now owns 1,625,597 shares of the real estate investment trust’s stock worth $69,706,000 after buying an additional 103,578 shares during the period. 97.84% of the stock is currently owned by institutional investors.

About American Campus Communities

American Campus Communities, Inc is the largest owner, manager and developer of high-quality student housing communities in the United States. The company is a fully integrated, self-managed and self-administered equity real estate investment trust (REIT) with expertise in the design, finance, development, construction management and operational management of student housing properties.

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Analyst Recommendations for American Campus Communities (NYSE:ACC)

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