American Campus Communities (NYSE:ACC) Rating Lowered to Sell at StockNews.com

American Campus Communities (NYSE:ACCGet Rating) was downgraded by StockNews.com from a “hold” rating to a “sell” rating in a research note issued to investors on Tuesday.

Several other research firms have also commented on ACC. Piper Sandler lowered shares of American Campus Communities from an “overweight” rating to a “neutral” rating and increased their price objective for the company from $65.00 to $65.50 in a research report on Wednesday, April 20th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of American Campus Communities from $60.00 to $58.00 and set a “hold” rating for the company in a research report on Thursday, March 24th. Capital One Financial lowered shares of American Campus Communities from an “overweight” rating to an “equal weight” rating and set a $65.47 target price for the company. in a report on Tuesday. Zacks Investment Research lowered shares of American Campus Communities from a “buy” rating to a “hold” rating in a report on Friday, March 25th. Finally, Citigroup lowered shares of American Campus Communities from a “buy” rating to a “neutral” rating in a report on Wednesday, April 20th. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, American Campus Communities presently has an average rating of “Hold” and an average price target of $58.25.

ACC remained flat at $$64.75 during trading on Tuesday. 5,063,704 shares of the company traded hands, compared to its average volume of 1,800,408. The company has a market cap of $9.03 billion, a P/E ratio of 269.80 and a beta of 1.01. The stock has a 50-day moving average price of $55.87 and a 200-day moving average price of $54.33. American Campus Communities has a 52 week low of $44.68 and a 52 week high of $65.02. The company has a debt-to-equity ratio of 1.07, a quick ratio of 1.60 and a current ratio of 1.60.

American Campus Communities (NYSE:ACCGet Rating) last released its quarterly earnings data on Monday, April 25th. The real estate investment trust reported $0.27 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.70 by ($0.43). American Campus Communities had a net margin of 3.77% and a return on equity of 1.07%. The business had revenue of $273.75 million for the quarter, compared to the consensus estimate of $255.17 million. During the same quarter last year, the business earned $0.57 EPS. American Campus Communities’s revenue for the quarter was up 17.6% compared to the same quarter last year. Analysts anticipate that American Campus Communities will post 2.46 earnings per share for the current fiscal year.

In related news, CEO William C. Bayless, Jr. sold 40,000 shares of the business’s stock in a transaction on Friday, April 1st. The shares were sold at an average price of $56.86, for a total value of $2,274,400.00. Following the completion of the transaction, the chief executive officer now directly owns 366,565 shares in the company, valued at approximately $20,842,885.90. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.95% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its position in shares of American Campus Communities by 3.8% during the 4th quarter. BlackRock Inc. now owns 16,179,048 shares of the real estate investment trust’s stock valued at $926,896,000 after acquiring an additional 592,054 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of American Campus Communities by 16.3% during the 4th quarter. JPMorgan Chase & Co. now owns 6,909,844 shares of the real estate investment trust’s stock valued at $395,865,000 after acquiring an additional 968,064 shares during the last quarter. State Street Corp boosted its position in shares of American Campus Communities by 6.6% during the 4th quarter. State Street Corp now owns 6,715,790 shares of the real estate investment trust’s stock valued at $384,748,000 after acquiring an additional 415,163 shares during the last quarter. Norges Bank acquired a new position in shares of American Campus Communities during the 4th quarter valued at about $345,969,000. Finally, Allspring Global Investments Holdings LLC acquired a new position in shares of American Campus Communities during the 4th quarter valued at about $231,606,000. 95.70% of the stock is owned by institutional investors and hedge funds.

About American Campus Communities (Get Rating)

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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