American Campus Communities Inc (ACC) Downgraded by Zacks Investment Research to Sell

Zacks Investment Research downgraded shares of American Campus Communities Inc (NYSE:ACC) from a hold rating to a sell rating in a research report report published on Tuesday 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. “

A number of other brokerages have also recently issued reports on ACC. BidaskClub raised shares of American Campus Communities from a hold rating to a buy rating in a report on Tuesday, July 25th. Canaccord Genuity reaffirmed a buy rating and issued a $56.00 target price on shares of American Campus Communities in a report on Monday, July 24th. Evercore ISI raised shares of American Campus Communities from an underperform rating to an in-line rating and upped their target price for the company from $48.00 to $49.00 in a report on Monday, June 19th. TheStreet cut shares of American Campus Communities from a b rating to a c+ rating in a report on Monday, July 24th. Finally, KeyCorp reaffirmed a buy rating and issued a $56.00 target price on shares of American Campus Communities in a report on Friday, August 25th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of Buy and an average target price of $53.67.

American Campus Communities (ACC) traded up 0.60% during trading on Tuesday, reaching $45.02. The company’s stock had a trading volume of 51,034 shares. American Campus Communities has a 52 week low of $43.97 and a 52 week high of $52.53. The company has a market cap of $6.14 billion, a P/E ratio of 91.88 and a beta of 0.26. The company’s 50 day moving average price is $46.79 and its 200 day moving average price is $47.31.

American Campus Communities (NYSE:ACC) last issued its earnings results on Monday, July 24th. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.54 by ($0.01). The firm had revenue of $169.90 million during the quarter, compared to the consensus estimate of $169.50 million. American Campus Communities had a net margin of 8.59% and a return on equity of 1.90%. The firm’s revenue for the quarter was down 3.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.54 earnings per share. On average, equities analysts anticipate that American Campus Communities will post $0.64 earnings per share for the current fiscal year.

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Institutional investors have recently added to or reduced their stakes in the business. Raymond James Trust N.A. raised its holdings in American Campus Communities by 6.6% in the 2nd quarter. Raymond James Trust N.A. now owns 4,567 shares of the real estate investment trust’s stock valued at $216,000 after acquiring an additional 283 shares during the period. Garner Asset Management Corp bought a new position in American Campus Communities in the 2nd quarter valued at about $247,000. Bridgewater Wealth & Financial Management LLC raised its holdings in American Campus Communities by 1.3% in the 2nd quarter. Bridgewater Wealth & Financial Management LLC now owns 5,813 shares of the real estate investment trust’s stock valued at $275,000 after acquiring an additional 75 shares during the period. Stifel Financial Corp raised its holdings in American Campus Communities by 5.6% in the 1st quarter. Stifel Financial Corp now owns 5,769 shares of the real estate investment trust’s stock valued at $277,000 after acquiring an additional 308 shares during the period. Finally, Verition Fund Management LLC bought a new position in American Campus Communities in the 2nd quarter valued at about $282,000.

About American Campus Communities

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.

Analyst Recommendations for American Campus Communities (NYSE:ACC)

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