Shares of American Campus Communities, Inc. (NYSE:ACC) have been given a consensus recommendation of “Buy” by the nine ratings firms that are presently covering the stock, MarketBeat reports. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $51.67.
A number of brokerages recently weighed in on ACC. Capital One Financial upgraded shares of American Campus Communities from an “equal weight” rating to an “overweight” rating in a report on Monday, July 8th. Zacks Investment Research cut shares of American Campus Communities from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. TheStreet cut shares of American Campus Communities from a “b-” rating to a “c” rating in a research report on Monday, July 22nd. JMP Securities cut shares of American Campus Communities from an “outperform” rating to a “market perform” rating in a research report on Wednesday, May 29th. Finally, Argus raised shares of American Campus Communities from a “hold” rating to a “buy” rating and set a $53.00 price objective for the company in a research report on Wednesday, July 31st.
Several hedge funds have recently bought and sold shares of the company. Parallel Advisors LLC raised its holdings in American Campus Communities by 97.5% in the 1st quarter. Parallel Advisors LLC now owns 630 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 311 shares during the period. Phocas Financial Corp. acquired a new position in shares of American Campus Communities during the 2nd quarter worth approximately $32,000. FMR LLC raised its position in shares of American Campus Communities by 1,518.3% during the 1st quarter. FMR LLC now owns 971 shares of the real estate investment trust’s stock worth $46,000 after purchasing an additional 911 shares during the last quarter. Penserra Capital Management LLC acquired a new position in shares of American Campus Communities during the 1st quarter worth approximately $59,000. Finally, Point72 Asset Management L.P. acquired a new position in shares of American Campus Communities during the 2nd quarter worth approximately $60,000. 95.28% of the stock is owned by hedge funds and other institutional investors.
American Campus Communities (NYSE:ACC) last issued its quarterly earnings data on Monday, July 22nd. The real estate investment trust reported $0.56 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.02. The firm had revenue of $203.20 million during the quarter, compared to the consensus estimate of $206.82 million. American Campus Communities had a return on equity of 2.05% and a net margin of 9.27%. The company’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.52 EPS. Equities research analysts expect that American Campus Communities will post 2.42 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Monday, August 12th were issued a $0.47 dividend. The ex-dividend date of this dividend was Friday, August 9th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.98%. American Campus Communities’s dividend payout ratio (DPR) is currently 81.39%.
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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