American Campus Communities Inc. (ACC) Rating Lowered to Hold at Zacks Investment Research

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American Campus Communities Inc. (NYSE:ACC) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Wednesday.
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. “
Several large investors have modified their holdings of the stock. Mason Street Advisors LLC increased its stake in shares of American Campus Communities by 1.9% in the fourth quarter. Mason Street Advisors LLC now owns 47,048 shares of the real estate investment trust’s stock worth $1,945,000 after buying an additional 861 shares in the last quarter. Susquehanna International Group LLP increased its stake in shares of American Campus Communities by 261.0% in the fourth quarter. Susquehanna International Group LLP now owns 27,001 shares of the real estate investment trust’s stock worth $1,116,000 after buying an additional 19,522 shares in the last quarter. Pioneer Investment Management Inc. increased its stake in shares of American Campus Communities by 5.2% in the fourth quarter. Pioneer Investment Management Inc. now owns 68,300 shares of the real estate investment trust’s stock worth $2,824,000 after buying an additional 3,400 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its stake in shares of American Campus Communities by 6.3% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 65,680 shares of the real estate investment trust’s stock worth $2,715,000 after buying an additional 3,910 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of American Campus Communities during the fourth quarter worth $38,998,000.

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Shares of American Campus Communities (NYSE:ACC) traded up 0.39% on Wednesday, reaching $51.69. The company’s stock had a trading volume of 788,649 shares. The company’s 50 day moving average is $51.77 and its 200-day moving average is $48.18. The firm has a market cap of $6.74 billion and a price-to-earnings ratio of 66.61. American Campus Communities has a 1-year low of $32.12 and a 1-year high of $54.56.
American Campus Communities (NYSE:ACC) last released its quarterly earnings data on Monday, July 25th. The real estate investment trust reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.02. The business earned $186 million during the quarter, compared to the consensus estimate of $174.85 million. American Campus Communities’s quarterly revenue was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.57 EPS. Equities research analysts expect that American Campus Communities will post $2.25 EPS for the current year.
The business also recently declared a dividend, which was paid on Friday, August 26th. Investors of record on Monday, August 15th were given a dividend of $0.42 per share. The ex-dividend date of this dividend was Thursday, August 11th.
ACC has been the topic of several other research reports. JPMorgan Chase & Co. upped their price objective on American Campus Communities from $47.00 to $48.00 and gave the company a “neutral” rating in a research note on Wednesday, July 27th. JMP Securities lowered American Campus Communities from an “outperform” rating to a “market perform” rating in a research note on Monday, July 18th. Deutsche Bank AG restated a “hold” rating and issued a $45.00 price objective (down previously from $46.00) on shares of American Campus Communities in a research note on Friday, May 13th. Canaccord Genuity restated a “buy” rating and issued a $56.00 price objective on shares of American Campus Communities in a research note on Monday, July 25th. Finally, FBR & Co assumed coverage on American Campus Communities in a research note on Thursday, June 23rd. They issued an “outperform” rating and a $54.00 price objective on the stock. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $47.50.
In other American Campus Communities news, EVP Daniel Perry sold 4,096 shares of the firm’s stock in a transaction on Wednesday, June 22nd. The stock was sold at an average price of $49.05, for a total value of $200,908.80. Following the sale, the executive vice president now owns 45,917 shares of the company’s stock, valued at approximately $2,252,228.85. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP James E. Wilhelm III sold 6,349 shares of the firm’s stock in a transaction on Monday, August 8th. The shares were sold at an average price of $52.51, for a total value of $333,385.99. Following the completion of the sale, the executive vice president now directly owns 41,603 shares in the company, valued at approximately $2,184,573.53. The disclosure for this sale can be found here. Corporate insiders own 0.65% of the company’s stock.
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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