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

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 Friday, July 14th.

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 subject of several other reports. BidaskClub downgraded American Campus Communities from a “buy” rating to a “hold” rating in a report on Saturday, July 8th. Evercore ISI raised American Campus Communities from an “underperform” rating to an “in-line” rating and upped their price objective for the company from $48.00 to $49.00 in a research note on Monday, June 19th. FBR & Co reaffirmed a “buy” rating on shares of American Campus Communities in a research note on Friday, May 19th. Finally, JMP Securities raised American Campus Communities from a “market perform” rating to an “outperform” rating and set a $55.00 price objective for the company in a research note on Monday, July 10th. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company has an average rating of “Buy” and an average price target of $52.13.

Shares of American Campus Communities (NYSE ACC) traded up 0.42% on Friday, hitting $47.79. The stock had a trading volume of 407,428 shares. American Campus Communities has a 52-week low of $44.65 and a 52-week high of $54.56. The firm’s 50-day moving average price is $47.68 and its 200 day moving average price is $48.04. The firm has a market cap of $6.41 billion, a PE ratio of 73.41 and a beta of 0.25.

American Campus Communities (NYSE:ACC) last posted its earnings results on Monday, July 24th. The real estate investment trust reported $0.53 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by $0.01. American Campus Communities had a net margin of 8.59% and a return on equity of 1.90%. The firm had revenue of $169.90 million during the quarter, compared to analysts’ expectations of $169.50 million. During the same period in the previous year, the firm posted $0.54 earnings per share. The firm’s revenue for the quarter was down 3.1% on a year-over-year basis. On average, equities research analysts predict that American Campus Communities will post $0.84 EPS for the current year.

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Several large investors have recently added to or reduced their stakes in the company. Israel Discount Bank of New York purchased a new stake in American Campus Communities during the first quarter worth $116,000. Israel Discount Bank of New York GFN purchased a new stake in American Campus Communities during the fourth quarter worth $121,000. Stifel Financial Corp boosted its stake in shares of American Campus Communities by 5.6% in the first quarter. Stifel Financial Corp now owns 5,769 shares of the real estate investment trust’s stock worth $277,000 after buying an additional 308 shares during the period. Sprott Inc. bought a new stake in shares of American Campus Communities during the first quarter worth approximately $339,000. Finally, Quantbot Technologies LP bought a new stake in shares of American Campus Communities during the first quarter worth approximately $382,000.

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.

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