Zacks Investment Research upgraded shares of American Campus Communities (NYSE:ACC) from a sell rating to a hold rating in a research report released on Wednesday.

According to Zacks, “American Campus Communities, Inc. is a real estate investment trust (REIT). Through ACC’s controlling interest in American Campus Communities Operating Partnership L.P. (ACCOP), ACC is one of the largest owners, managers and developers of high quality student housing properties in the United States in terms of beds owned and under management. ACC is a fully integrated, self-managed and self-administered equity REIT with expertise in the acquisition, design, financing, development, construction management, leasing and management of student housing properties. “

A number of other analysts have also issued reports on ACC. ValuEngine raised shares of American Campus Communities from a sell rating to a hold rating in a research note on Wednesday, September 12th. TheStreet raised shares of American Campus Communities from a c rating to a b- rating in a research note on Tuesday, July 24th. Argus lowered shares of American Campus Communities from a buy rating to a hold rating in a research note on Wednesday, July 18th. Bank of America raised shares of American Campus Communities from a neutral rating to a buy rating and boosted their target price for the company from $43.00 to $46.50 in a research note on Thursday, June 14th. Finally, Deutsche Bank boosted their target price on shares of American Campus Communities from $42.00 to $45.00 and gave the company a hold rating in a research note on Wednesday, September 5th. One research analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company. American Campus Communities currently has a consensus rating of Hold and an average price target of $45.75.

NYSE ACC opened at $41.11 on Wednesday. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.77. The firm has a market cap of $5.63 billion, a price-to-earnings ratio of 17.80 and a beta of 0.15. American Campus Communities has a 52 week low of $34.52 and a 52 week high of $45.50.

American Campus Communities (NYSE:ACC) last issued its earnings results on Monday, July 23rd. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.53 by ($0.01). The company had revenue of $190.20 million for the quarter, compared to analysts’ expectations of $190.23 million. American Campus Communities had a net margin of 12.97% and a return on equity of 3.29%. The firm’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.53 earnings per share. analysts predict that American Campus Communities will post 2.32 EPS for the current fiscal year.

Several hedge funds have recently added to or reduced their stakes in ACC. Cbre Clarion Securities LLC bought a new stake in shares of American Campus Communities in the second quarter valued at about $114,290,000. Heitman Real Estate Securities LLC bought a new stake in shares of American Campus Communities in the first quarter valued at about $38,628,000. Millennium Management LLC raised its holdings in shares of American Campus Communities by 1,398.0% in the first quarter. Millennium Management LLC now owns 710,387 shares of the real estate investment trust’s stock valued at $27,435,000 after acquiring an additional 662,965 shares in the last quarter. Jennison Associates LLC bought a new stake in shares of American Campus Communities in the second quarter valued at about $21,810,000. Finally, Sei Investments Co. raised its holdings in shares of American Campus Communities by 6,984.9% in the second quarter. Sei Investments Co. now owns 515,358 shares of the real estate investment trust’s stock valued at $22,098,000 after acquiring an additional 508,084 shares in the last quarter. Hedge funds and other institutional investors own 97.87% 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.

Featured Story: Book Value Per Share in Stock Trading

Get a free copy of the Zacks research report on American Campus Communities (ACC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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.