American Campus Communities (ACC) Lifted to “Buy” at Sandler O’Neill

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.

Institutional investors have recently modified their holdings of the stock. CIBC Asset Management Inc bought a new stake in shares of American Campus Communities in the third quarter worth $202,000. Raymond James Trust N.A. grew its stake in shares of American Campus Communities by 6.6% in the second quarter. Raymond James Trust N.A. now owns 4,567 shares of the real estate investment trust’s stock worth $216,000 after purchasing an additional 283 shares during the last quarter. Cipher Capital LP bought a new stake in shares of American Campus Communities in the third quarter worth $244,000. Garner Asset Management Corp bought a new stake in shares of American Campus Communities in the second quarter worth $247,000. Finally, Verition Fund Management LLC bought a new stake in shares of American Campus Communities in the second quarter worth $282,000.

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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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