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.
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.
- Get a free copy of the StockNews.com research report on American Campus Communities (ACC)
- Simpson Manufacturing Co. Hits The Nail On The Head, Again
- The Sherwin-Williams Company Bottoms Above Institutional Support
- What To Make Of Activision Blizzard (NASDAQ: ATVI)
- Whirlpool Is A Steal At These Prices
- Kimberly-Clark Pops On Successful Price Pass-Through
Receive News & Ratings for American Campus Communities Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Campus Communities and related companies with MarketBeat.com's FREE daily email newsletter.