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.
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.
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