American Campus Communities (NYSE:ACC) was upgraded by research analysts at Sandler O’Neill from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday, Marketbeat.com reports. The firm presently has a $45.00 price objective on the real estate investment trust’s stock. Sandler O’Neill’s price target would suggest a potential upside of 15.53% from the company’s current price.
Several other brokerages also recently issued reports on ACC. KeyCorp reiterated an “overweight” rating and set a $47.00 price target (down from $56.00) on shares of American Campus Communities in a report on Wednesday, December 20th. Zacks Investment Research upgraded shares of American Campus Communities from a “sell” rating to a “hold” rating in a report on Monday, October 16th. B. Riley set a $56.00 price target on shares of American Campus Communities and gave the stock a “buy” rating in a report on Tuesday, November 14th. FBR & Co reiterated a “buy” rating and set a $56.00 price target on shares of American Campus Communities in a report on Tuesday, October 24th. Finally, Bank of America cut shares of American Campus Communities from a “buy” rating to a “neutral” rating and set a $45.00 price objective on the stock. in a research note on Thursday, October 26th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and ten have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $49.50.
American Campus Communities (NYSE ACC) opened at $38.95 on Friday. The stock has a market cap of $5,313.79, a price-to-earnings ratio of 95.00, a PEG ratio of 12.29 and a beta of 0.28. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.72 and a current ratio of 0.72. American Campus Communities has a 1-year low of $38.77 and a 1-year high of $51.70.
ILLEGAL ACTIVITY WARNING: “American Campus Communities (ACC) Lifted to “Buy” at Sandler O’Neill” was first reported by Markets Daily and is the sole property of of Markets Daily. If you are reading this story on another publication, it was illegally stolen and reposted in violation of U.S. and international trademark & copyright law. The correct version of this story can be viewed at https://www.themarketsdaily.com/2018/01/14/american-campus-communities-acc-lifted-to-buy-at-sandler-oneill.html.
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.
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.