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