American Campus Communities Inc (ACC) Given a $56.00 Price Target at B. Riley

B. Riley set a $56.00 target price on American Campus Communities Inc (NYSE:ACC) in a research note issued to investors on Tuesday morning. The firm currently has a buy rating on the real estate investment trust’s stock.

Several other analysts have also issued reports on ACC. BidaskClub upgraded shares of American Campus Communities from a hold rating to a buy rating in a research report on Tuesday, July 25th. Canaccord Genuity reiterated a buy rating and set a $56.00 price target on shares of American Campus Communities in a research report on Monday, July 24th. Zacks Investment Research upgraded shares of American Campus Communities from a sell rating to a hold rating in a research report on Friday, July 21st. TheStreet lowered shares of American Campus Communities from a b rating to a c+ rating in a research report on Monday, July 24th. Finally, KeyCorp reiterated a buy rating and set a $56.00 price target on shares of American Campus Communities in a research report on Friday, August 25th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the stock. The company presently has an average rating of Buy and an average price target of $52.22.

Shares of American Campus Communities (NYSE ACC) traded down $0.03 during trading hours on Tuesday, hitting $42.69. 589,000 shares of the company’s stock were exchanged, compared to its average volume of 666,955. American Campus Communities has a 1 year low of $41.06 and a 1 year high of $51.70. The firm has a market cap of $5,828.14, a price-to-earnings ratio of 19.16, a PEG ratio of 14.14 and a beta of 0.27. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.72 and a current ratio of 0.72.

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The business also recently announced a quarterly dividend, which will be paid on Monday, November 27th. Shareholders of record on Monday, November 13th will be given a $0.44 dividend. The ex-dividend date is Friday, November 10th. This represents a $1.76 dividend on an annualized basis and a yield of 4.12%. American Campus Communities’s dividend payout ratio is currently 429.28%.

A number of institutional investors have recently modified their holdings of ACC. Cohen & Steers Inc. boosted its position in American Campus Communities by 20.2% in the third quarter. Cohen & Steers Inc. now owns 16,080,372 shares of the real estate investment trust’s stock valued at $709,948,000 after buying an additional 2,704,851 shares in the last quarter. Daiwa Securities Group Inc. raised its stake in shares of American Campus Communities by 47.3% during the second quarter. Daiwa Securities Group Inc. now owns 4,798,215 shares of the real estate investment trust’s stock valued at $226,955,000 after acquiring an additional 1,541,548 shares during the last quarter. Brookfield Asset Management Inc. raised its stake in shares of American Campus Communities by 51.0% during the second quarter. Brookfield Asset Management Inc. now owns 3,441,220 shares of the real estate investment trust’s stock valued at $162,770,000 after acquiring an additional 1,162,350 shares during the last quarter. Diamond Hill Capital Management Inc. bought a new position in shares of American Campus Communities during the third quarter valued at $48,216,000. Finally, Presima Inc. raised its stake in shares of American Campus Communities by 79.7% during the second quarter. Presima Inc. now owns 1,059,700 shares of the real estate investment trust’s stock valued at $50,124,000 after acquiring an additional 470,000 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.

Analyst Recommendations for American Campus Communities (NYSE:ACC)

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