American Campus Communities Inc (ACC) Given Consensus Recommendation of “Buy” by Analysts

American Campus Communities Inc (NYSE:ACC) has earned a consensus rating of “Buy” from the sixteen analysts that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and nine have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $52.22.

Several equities research analysts have recently issued reports on the stock. KeyCorp reissued a “buy” rating and issued a $56.00 price objective on shares of American Campus Communities in a research report on Friday, August 25th. FBR & Co reissued a “buy” rating on shares of American Campus Communities in a research report on Monday, September 25th. Cantor Fitzgerald reissued 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. Finally, Zacks Investment Research raised shares of American Campus Communities from a “sell” rating to a “hold” rating in a research report on Monday, October 16th.

American Campus Communities (NYSE:ACC) traded up $0.07 during trading hours on Monday, reaching $42.59. 287,300 shares of the company’s stock were exchanged, compared to its average volume of 666,883. 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 stock has a market capitalization of $5,810.38, a P/E ratio of 19.10, a P/E/G ratio of 14.09 and a beta of 0.27. American Campus Communities has a 12 month low of $41.06 and a 12 month high of $51.70.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 27th. Shareholders of record on Monday, November 13th will be paid a dividend of $0.44 per share. The ex-dividend date of this dividend is Friday, November 10th. This represents a $1.76 dividend on an annualized basis and a yield of 4.13%. American Campus Communities’s dividend payout ratio (DPR) is 429.28%.

Several institutional investors have recently bought and sold shares of ACC. Raymond James Trust N.A. lifted its position 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 purchasing an additional 283 shares during the last quarter. CIBC Asset Management Inc bought a new stake in American Campus Communities in the 3rd quarter valued at about $202,000. Garner Asset Management Corp bought a new stake in American Campus Communities in the 2nd quarter valued at about $247,000. Cipher Capital LP bought a new stake in American Campus Communities in the 3rd quarter valued at about $244,000. Finally, Bridgewater Wealth & Financial Management LLC lifted its position 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 purchasing an additional 75 shares during 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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