ValuEngine upgraded shares of American Campus Communities (NYSE:ACC) from a hold rating to a buy rating in a research note released on Friday morning.

A number of other research firms also recently weighed in on ACC. Deutsche Bank raised their price target on American Campus Communities from $42.00 to $45.00 and gave the stock a hold rating in a research note on Wednesday, September 5th. TheStreet downgraded American Campus Communities from a b- rating to a c rating in a research note on Monday, October 22nd. Zacks Investment Research raised American Campus Communities from a sell rating to a hold rating in a research note on Thursday, October 4th. Capital One Financial reaffirmed an equal weight rating on shares of American Campus Communities in a research note on Sunday, November 18th. Finally, JMP Securities reissued a buy rating and issued a $49.00 price objective on shares of American Campus Communities in a research note on Tuesday, October 16th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the stock. The company presently has an average rating of Hold and an average price target of $44.75.

Shares of ACC traded down $0.03 during midday trading on Friday, reaching $43.73. 821,484 shares of the stock were exchanged, compared to its average volume of 617,309. American Campus Communities has a 12-month low of $34.52 and a 12-month high of $44.10. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.57 and a quick ratio of 1.57. The company has a market capitalization of $6.00 billion, a PE ratio of 18.93 and a beta of 0.25.

American Campus Communities (NYSE:ACC) last posted its quarterly earnings results on Monday, October 22nd. The real estate investment trust reported ($0.02) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.43 by ($0.45). American Campus Communities had a return on equity of 3.25% and a net margin of 12.60%. The firm had revenue of $213.50 million for the quarter, compared to analysts’ expectations of $201.92 million. During the same period last year, the business earned $0.43 earnings per share. The firm’s revenue for the quarter was up 8.4% on a year-over-year basis. On average, equities research analysts expect that American Campus Communities will post 2.31 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 26th. Investors of record on Monday, November 12th were paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 4.21%. The ex-dividend date was Thursday, November 8th. American Campus Communities’s payout ratio is 79.65%.

In related news, EVP Cardenas Jorge De sold 11,262 shares of the firm’s stock in a transaction that occurred on Tuesday, November 27th. The stock was sold at an average price of $43.07, for a total value of $485,054.34. Following the transaction, the executive vice president now directly owns 32,466 shares of the company’s stock, valued at approximately $1,398,310.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.67% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. CIBC Asset Management Inc acquired a new stake in American Campus Communities in the 2nd quarter valued at approximately $210,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of American Campus Communities during the 2nd quarter worth approximately $223,000. Point72 Hong Kong Ltd acquired a new stake in shares of American Campus Communities during the 2nd quarter worth approximately $243,000. Qube Research & Technologies Ltd acquired a new stake in shares of American Campus Communities during the 2nd quarter worth approximately $245,000. Finally, Global X Management Co LLC grew its holdings in shares of American Campus Communities by 32.9% during the 2nd quarter. Global X Management Co LLC now owns 5,762 shares of the real estate investment trust’s stock worth $247,000 after purchasing an additional 1,427 shares in the last quarter. 98.24% of the stock is currently owned by hedge funds and other institutional investors.

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.

Featured Story: How Investors Use a Balance Sheet

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for American Campus Communities (NYSE:ACC)

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.