American Campus Communities (ACC) Given a $56.00 Price Target at B. Riley

B. Riley set a $56.00 price objective on American Campus Communities (NYSE:ACC) in a research report sent to investors on Thursday morning. The brokerage currently has a buy rating on the real estate investment trust’s stock.

A number of other equities analysts have also commented on ACC. Cantor Fitzgerald reaffirmed an overweight rating on shares of American Campus Communities in a research report on Thursday, August 10th. Hilliard Lyons raised shares of American Campus Communities from an underperform rating to a neutral rating in a research report on Friday, August 11th. KeyCorp reaffirmed a buy rating and set a $56.00 target price on shares of American Campus Communities in a research report on Friday, August 25th. FBR & Co reaffirmed a buy rating on shares of American Campus Communities in a research report on Monday, September 25th. Finally, Zacks Investment Research lowered shares of American Campus Communities from a hold rating to a sell rating in a research report on Tuesday, October 10th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the stock. The stock currently has a consensus rating of Buy and an average target price of $52.22.

American Campus Communities (ACC) opened at $43.28 on Thursday. The company has a market cap of $5,904.54, a P/E ratio of 19.41, a PEG ratio of 14.32 and a beta of 0.27. American Campus Communities has a 1 year low of $41.06 and a 1 year high of $51.70. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.72 and a current ratio of 0.72.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 27th. Investors of record on Monday, November 13th were issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 4.07%. The ex-dividend date of this dividend was Friday, November 10th. American Campus Communities’s payout ratio is 429.28%.

Hedge funds have recently modified their holdings of the stock. Russell Investments Group Ltd. increased its holdings in American Campus Communities by 17.2% during the second quarter. Russell Investments Group Ltd. now owns 74,359 shares of the real estate investment trust’s stock valued at $3,518,000 after buying an additional 10,937 shares during the period. Marshall Wace North America L.P. acquired a new stake in American Campus Communities in the second quarter valued at approximately $3,451,000. Bank of New York Mellon Corp boosted its stake in American Campus Communities by 2.5% in the second quarter. Bank of New York Mellon Corp now owns 1,694,112 shares of the real estate investment trust’s stock valued at $80,131,000 after acquiring an additional 40,968 shares in the last quarter. Prudential Financial Inc. boosted its stake in American Campus Communities by 14.0% in the second quarter. Prudential Financial Inc. now owns 770,395 shares of the real estate investment trust’s stock valued at $36,439,000 after acquiring an additional 94,541 shares in the last quarter. Finally, Legal & General Group Plc boosted its stake in American Campus Communities by 10.0% in the second quarter. Legal & General Group Plc now owns 442,793 shares of the real estate investment trust’s stock valued at $20,945,000 after acquiring an additional 40,300 shares in the last quarter.

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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.

Analyst Recommendations for American Campus Communities (NYSE:ACC)

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