Robert W. Baird Boosts American Campus Communities (NYSE:ACC) Price Target to $52.00

American Campus Communities (NYSE:ACC) had its price target lifted by Robert W. Baird from $50.00 to $52.00 in a report released on Thursday, BenzingaRatingsTable reports. Robert W. Baird currently has an outperform rating on the real estate investment trust’s stock.

Several other analysts have also recently commented on the stock. Zacks Investment Research upgraded shares of Flagstar Bancorp from a hold rating to a buy rating and set a $38.00 price objective for the company in a research note on Monday, July 8th. Capital One Financial upgraded shares of American Campus Communities from an equal weight rating to an overweight rating in a research report on Monday, July 8th. KeyCorp set a $37.00 target price on shares of SeaWorld Entertainment and gave the stock a buy rating in a research report on Tuesday, March 19th. ValuEngine upgraded shares of Vistra Energy from a hold rating to a buy rating in a research report on Wednesday, July 3rd. Finally, JMP Securities restated an outperform rating and set a $225.00 target price (up previously from $220.00) on shares of Workday in a research report on Wednesday, May 29th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. American Campus Communities presently has a consensus rating of Buy and an average price target of $48.83.

ACC stock opened at $48.83 on Thursday. American Campus Communities has a one year low of $38.40 and a one year high of $49.33. The firm has a market cap of $6.70 billion, a PE ratio of 21.14 and a beta of 0.39. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.61 and a quick ratio of 1.61. The stock has a fifty day moving average price of $47.03.

American Campus Communities (NYSE:ACC) last released its earnings results on Monday, April 22nd. The real estate investment trust reported $0.69 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.65 by $0.04. American Campus Communities had a net margin of 13.39% and a return on equity of 3.21%. The company had revenue of $242.10 million during the quarter, compared to analysts’ expectations of $226.72 million. During the same quarter last year, the business earned $0.65 EPS. The business’s revenue was up 9.8% on a year-over-year basis. Equities research analysts forecast that American Campus Communities will post 2.42 earnings per share for the current year.

Hedge funds and other institutional investors have recently modified their holdings of the company. Parallel Advisors LLC lifted its position in American Campus Communities by 97.5% during the first quarter. Parallel Advisors LLC now owns 630 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 311 shares in the last quarter. Pinnacle Bank acquired a new stake in American Campus Communities in the fourth quarter valued at $31,000. FMR LLC raised its holdings in American Campus Communities by 1,518.3% in the first quarter. FMR LLC now owns 971 shares of the real estate investment trust’s stock valued at $46,000 after acquiring an additional 911 shares in the last quarter. Penserra Capital Management LLC acquired a new stake in American Campus Communities in the first quarter valued at $59,000. Finally, Quadrant Capital Group LLC increased its stake in American Campus Communities by 363.8% during the first quarter. Quadrant Capital Group LLC now owns 1,382 shares of the real estate investment trust’s stock valued at $62,000 after purchasing an additional 1,084 shares during the last quarter. Institutional investors and hedge funds own 97.00% of the company’s stock.

About American Campus Communities

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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