American Campus Communities (NYSE:ACC) Sets New 1-Year High at $49.57

Shares of American Campus Communities, Inc. (NYSE:ACC) reached a new 52-week high during trading on Monday . The stock traded as high as $49.57 and last traded at $49.54, with a volume of 6893 shares trading hands. The stock had previously closed at $49.17.

Several research firms have recently commented on ACC. Robert W. Baird upped their price objective on shares of American Campus Communities from $50.00 to $52.00 and gave the company an “outperform” rating in a report on Thursday, July 11th. Capital One Financial raised shares of American Campus Communities from an “equal weight” rating to an “overweight” rating in a report on Monday, July 8th. TheStreet downgraded shares of American Campus Communities from a “b-” rating to a “c” rating in a report on Monday, July 22nd. ValuEngine downgraded shares of American Campus Communities from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Finally, Argus raised shares of American Campus Communities from a “hold” rating to a “buy” rating and set a $53.00 price objective on the stock in a report on Wednesday, July 31st. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $50.60.

The stock’s fifty day moving average is $47.89 and its 200-day moving average is $47.28. The stock has a market capitalization of $6.87 billion, a PE ratio of 21.96 and a beta of 0.37. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.46 and a quick ratio of 1.46.

American Campus Communities (NYSE:ACC) last announced its quarterly earnings results on Monday, October 21st. The real estate investment trust reported $0.14 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.46 by ($0.32). American Campus Communities had a return on equity of 2.05% and a net margin of 9.27%. The firm had revenue of $211.08 million for the quarter, compared to analysts’ expectations of $213.30 million. During the same period last year, the company posted $0.44 earnings per share. The business’s quarterly revenue was up 4.1% on a year-over-year basis. On average, analysts forecast that American Campus Communities, Inc. will post 2.42 EPS for the current year.

In related news, Director Oliver Luck sold 12,216 shares of the stock in a transaction on Friday, September 27th. The shares were sold at an average price of $48.05, for a total transaction of $586,978.80. Following the sale, the director now directly owns 4,647 shares of the company’s stock, valued at $223,288.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.75% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Commonwealth Equity Services LLC lifted its holdings in American Campus Communities by 5.9% during the second quarter. Commonwealth Equity Services LLC now owns 4,846 shares of the real estate investment trust’s stock valued at $223,000 after purchasing an additional 268 shares in the last quarter. Commerce Bank lifted its holdings in American Campus Communities by 4.1% during the second quarter. Commerce Bank now owns 7,087 shares of the real estate investment trust’s stock valued at $327,000 after purchasing an additional 276 shares in the last quarter. MML Investors Services LLC lifted its holdings in American Campus Communities by 2.5% during the second quarter. MML Investors Services LLC now owns 11,529 shares of the real estate investment trust’s stock valued at $532,000 after purchasing an additional 276 shares in the last quarter. Municipal Employees Retirement System of Michigan lifted its holdings in American Campus Communities by 1.4% during the second quarter. Municipal Employees Retirement System of Michigan now owns 25,340 shares of the real estate investment trust’s stock valued at $1,170,000 after purchasing an additional 360 shares in the last quarter. Finally, M&T Bank Corp lifted its holdings in American Campus Communities by 0.9% during the second quarter. M&T Bank Corp now owns 42,434 shares of the real estate investment trust’s stock valued at $1,958,000 after purchasing an additional 378 shares in the last quarter. 95.30% of the stock is currently owned by hedge funds and other institutional investors.

American Campus Communities Company Profile (NYSE:ACC)

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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