Sandler O’Neill upgraded shares of American Campus Communities (NYSE:ACC) from a hold rating to a buy rating in a research note issued to investors on Friday morning, MarketBeat reports. They currently have $45.00 target price on the real estate investment trust’s stock.

Other analysts also recently issued research reports about the company. B. Riley set a $56.00 price target on American Campus Communities and gave the company a buy rating in a research note on Thursday, December 7th. Argus raised American Campus Communities from a hold rating to a buy rating in a research note on Thursday, October 26th. FBR & Co reissued a buy rating on shares of American Campus Communities in a research note on Monday, September 25th. Zacks Investment Research raised American Campus Communities from a sell rating to a hold rating in a research note on Monday, October 23rd. Finally, Citigroup reissued a neutral rating on shares of American Campus Communities in a research note on Friday, October 27th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and ten have assigned a buy rating to the stock. The company currently has a consensus rating of Buy and a consensus target price of $49.50.

American Campus Communities (ACC) traded down $0.24 on Friday, hitting $38.95. The company’s stock had a trading volume of 1,380,000 shares, compared to its average volume of 926,061. American Campus Communities has a 1 year low of $38.77 and a 1 year high of $51.70. The firm has a market cap of $5,310.00, a P/E ratio of 97.38, a price-to-earnings-growth ratio of 12.38 and a beta of 0.28. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.72 and a quick ratio of 0.72.

Large investors have recently added to or reduced their stakes in the stock. CIBC Asset Management Inc acquired a new stake in shares of American Campus Communities in the third quarter valued at about $202,000. Raymond James Trust N.A. increased its position 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 valued at $216,000 after acquiring an additional 283 shares during the last quarter. Cipher Capital LP acquired a new stake in shares of American Campus Communities in the third quarter valued at about $244,000. Garner Asset Management Corp acquired a new stake in shares of American Campus Communities in the second quarter valued at about $247,000. Finally, Verition Fund Management LLC acquired a new stake in shares of American Campus Communities in the second quarter valued at about $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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