American Campus Communities (NYSE:ACC) had its price target increased by Robert W. Baird from $50.00 to $52.00 in a report issued on Thursday morning, BenzingaRatingsTable reports. The brokerage currently has an outperform rating on the real estate investment trust’s stock.
Other equities research analysts have also recently issued research reports about the company. Zacks Investment Research raised Flagstar Bancorp from a hold rating to a buy rating and set a $38.00 target price for the company in a research note on Monday, July 8th. Capital One Financial raised American Campus Communities from an equal weight rating to an overweight rating in a research note on Monday, July 8th. JMP Securities reaffirmed an outperform rating and set a $225.00 target price (up previously from $220.00) on shares of Workday in a research note on Wednesday, May 29th. ValuEngine raised Vistra Energy from a hold rating to a buy rating in a research note on Wednesday, July 3rd. Finally, KeyCorp set a $37.00 target price on SeaWorld Entertainment and gave the stock a buy rating in a research note on Tuesday, March 19th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus target price of $48.83.
Shares of ACC stock opened at $48.83 on Thursday. The firm has a market capitalization of $6.70 billion, a PE ratio of 21.14 and a beta of 0.39. The company has a 50-day moving average of $47.03. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.89. American Campus Communities has a 1-year low of $38.40 and a 1-year high of $49.33.
American Campus Communities (NYSE:ACC) last issued its quarterly earnings results on Monday, April 22nd. The real estate investment trust reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.04. The company had revenue of $242.10 million during the quarter, compared to analysts’ expectations of $226.72 million. American Campus Communities had a return on equity of 3.21% and a net margin of 13.39%. The business’s quarterly revenue was up 9.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.65 earnings per share. As a group, equities analysts forecast that American Campus Communities will post 2.42 earnings per share for the current year.
A number of institutional investors have recently bought and sold shares of the stock. AJO LP lifted its stake in American Campus Communities by 2,547.8% during the first quarter. AJO LP now owns 2,349,473 shares of the real estate investment trust’s stock worth $111,788,000 after purchasing an additional 2,260,741 shares during the last quarter. Norges Bank purchased a new stake in shares of American Campus Communities in the 4th quarter worth approximately $55,777,000. CIBC Private Wealth Group LLC purchased a new stake in shares of American Campus Communities in the 1st quarter worth approximately $30,155,000. Millennium Management LLC grew its stake in shares of American Campus Communities by 466.7% in the 4th quarter. Millennium Management LLC now owns 378,863 shares of the real estate investment trust’s stock worth $15,681,000 after buying an additional 312,008 shares during the last quarter. Finally, Foresters Investment Management Company Inc. purchased a new stake in shares of American Campus Communities in the 4th quarter worth approximately $8,857,000. Institutional investors and hedge funds own 97.00% of the company’s stock.
About American Campus Communities
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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