ValuEngine upgraded shares of American Campus Communities (NYSE:ACC) from a sell rating to a hold rating in a report published on Wednesday morning.
ACC has been the topic of a number of other reports. Zacks Investment Research cut shares of American Campus Communities from a hold rating to a sell rating in a research report on Monday, August 27th. TheStreet raised shares of American Campus Communities from a c rating to a b- rating in a research report on Tuesday, July 24th. Bank of America raised shares of American Campus Communities from a neutral rating to a buy rating and lifted their price target for the stock from $43.00 to $46.50 in a research report on Thursday, June 14th. Deutsche Bank raised their price objective on shares of American Campus Communities from $42.00 to $45.00 and gave the stock a hold rating in a report on Wednesday, September 5th. Finally, Argus lowered shares of American Campus Communities from a buy rating to a hold rating in a report on Wednesday, July 18th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company. American Campus Communities has an average rating of Hold and a consensus price target of $45.75.
Shares of NYSE ACC opened at $42.26 on Wednesday. The firm has a market cap of $5.83 billion, a PE ratio of 18.29 and a beta of 0.15. American Campus Communities has a twelve month low of $34.52 and a twelve month high of $48.66. 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 announced its quarterly earnings results on Monday, July 23rd. The real estate investment trust reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.01). The firm had revenue of $190.20 million for the quarter, compared to the consensus estimate 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 for the quarter was up 11.9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.53 earnings per share. equities analysts anticipate that American Campus Communities will post 2.32 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, August 24th. Investors of record on Monday, August 13th were issued a dividend of $0.46 per share. The ex-dividend date was Friday, August 10th. This represents a $1.84 dividend on an annualized basis and a dividend yield of 4.35%. American Campus Communities’s payout ratio is 79.65%.
Several large investors have recently modified their holdings of ACC. Garner Asset Management Corp acquired a new stake in American Campus Communities in the 2nd quarter valued at $203,000. CIBC Asset Management Inc acquired a new stake in American Campus Communities in the 2nd quarter valued at $210,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in American Campus Communities in the 2nd quarter valued at $223,000. Point72 Hong Kong Ltd acquired a new stake in American Campus Communities in the 2nd quarter valued at $243,000. Finally, Qube Research & Technologies Ltd acquired a new stake in American Campus Communities in the 2nd quarter valued at $245,000. Institutional investors and hedge funds own 97.88% of the company’s stock.
American Campus Communities Company Profile
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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