American University Communities (NYSE: ACC) was downgraded by investment analysts at Deutsche Bank Aktiengesellschaft from a “buy” rating to a “keep” rating in a research note released on Monday, The Fly reports.
CCA has been the subject of several other research reports. The Goldman Sachs group began covering U.S. campus communities in a research note on Thursday, September 23. They set a “buy” rating and a price target of $ 57.00 for the company. Citigroup downgraded American Campus Communities from a ‘neutral’ to a ‘buy’ rating and increased its target price for the stock from $ 56.00 to $ 62.00 in a research report released on Tuesday December 14. Finally, Zacks Investment Research reduced shares of US campus communities from a “buy” rating to a “hold” rating in a research report released on Tuesday, December 28. Three research analysts rated the stock with a conservation rating and four gave the stock a buy rating. According to MarketBeat.com, the company has an average “Buy” rating and an average target price of $ 55.57.
NYSE ACC shares opened at $ 57.29 on Monday. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt ratio of 1.23. The company has a 50-day moving average of $ 54.21 and a 200-day moving average of $ 51.27. The company has a market cap of $ 7.97 billion, a price / earnings ratio of 440.69, a PEG ratio of 3.39 and a beta of 1.03. American Campus Communities has a 12-month low of $ 40.01 and a 12-month high of $ 57.83.
American Campus Communities (NYSE: ACC) last announced its results on Sunday, October 24. The REIT reported ($ 0.09) earnings per share (EPS) for the quarter, exceeding the consensus estimate of ($ 0.10) by $ 0.01. The company posted revenue of $ 228.88 million in the quarter, compared to analysts’ estimates of $ 222.45 million. American Campus Communities had a net margin of 2.17% and a return on equity of 0.55%. American Campus Communities revenue for the quarter increased 12.9% year-over-year. During the same period of the previous year, the company posted earnings per share of $ 0.32. On average, analysts predict that American Campus Communities will post 2.11 earnings per share for the current year.
In other news from U.S. academic communities, Executive Vice President James E. Wilhelm III sold 12,123 shares of the company in a transaction dated Tuesday, October 26. The shares were sold for an average price of $ 53.01, for a total value of $ 642,640.23. The transaction was disclosed in a legal file with the SEC, which is available at this link. In addition, Executive Vice President James E. Wilhelm III sold 5,396 shares in a transaction dated Wednesday, November 3. The stock was sold for an average price of $ 55.04, for a total trade of $ 296,995.84. Disclosure of this sale can be found here. Company insiders own 0.95% of the company’s shares.
Several institutional investors and hedge funds have recently bought and sold shares of ACC. Morgan Stanley increased its stake in American Campus Communities by 219.6% in the second quarter. Morgan Stanley now owns 1,689,910 REITs worth $ 78,953,000 after acquiring an additional 1,161,143 shares during the period. Macquarie Group Ltd. increased its position in American Campus Communities stocks by 1,501.8% in the second quarter. Macquarie Group Ltd. now owns 1,123,880 REIT shares valued at $ 52,507,000 after purchasing an additional 1,053,718 shares during the period. Millennium Management LLC increased its stake in American Campus Communities by 909.2% in the second quarter. Millennium Management LLC now owns 743,263 Real Estate Investment Trust shares worth $ 34,725,000 after purchasing an additional 669,615 shares during the last quarter. American Century Companies Inc. purchased a new stake in American Campus Communities in the second quarter valued at approximately $ 22,597,000. Finally, during the second quarter, Amundi acquired a new position in American Campus Communities shares for a value of approximately $ 20,809,000. 91.54% of the shares are currently held by hedge funds and other institutional investors.
About American Campus Communities
American Campus Communities, Inc. engages in the development, ownership and management of student housing communities. It operates in the following segments: owned properties, participating properties on campus, development services and property management services. The Owned Properties segment refers to a location close to the school campus, typically with pedestrian, bicycle, and university shuttle access.
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