American Campus Communities (NYSE:ACC) Sets New 12-Month High at $49.57

American Campus Communities, Inc. (NYSE:ACC)’s share price hit a new 52-week high during mid-day trading on Monday . The company traded as high as $49.57 and last traded at $49.54, with a volume of 6893 shares changing hands. The stock had previously closed at $49.17.

ACC has been the topic of a number of research analyst reports. TheStreet downgraded shares of American Campus Communities from a “b-” rating to a “c” rating in a research report on Monday, July 22nd. ValuEngine downgraded shares of American Campus Communities from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Capital One Financial raised shares of American Campus Communities from an “equal weight” rating to an “overweight” rating in a research report on Monday, July 8th. Robert W. Baird boosted their price objective on shares of American Campus Communities from $50.00 to $52.00 and gave the company an “outperform” rating in a research report on Thursday, July 11th. Finally, Argus raised shares of American Campus Communities from a “hold” rating to a “buy” rating and set a $53.00 price objective on the stock in a research report on Wednesday, July 31st. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. American Campus Communities currently has an average rating of “Buy” and an average price target of $50.60.

The stock’s 50-day moving average price is $47.64 and its two-hundred day moving average price is $47.25. The stock has a market capitalization of $6.78 billion, a PE ratio of 21.48 and a beta of 0.37. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.46 and a current ratio of 1.46.

American Campus Communities (NYSE:ACC) last released its earnings results on Monday, July 22nd. The real estate investment trust reported $0.56 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.02. The firm had revenue of $203.20 million for the quarter, compared to the consensus estimate of $206.82 million. American Campus Communities had a net margin of 9.27% and a return on equity of 2.05%. The company’s revenue was up 7.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.52 EPS. On average, analysts predict that American Campus Communities, Inc. will post 2.42 earnings per share for the current fiscal year.

In other news, Director Oliver Luck sold 12,216 shares of the company’s stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $48.05, for a total value of $586,978.80. Following the sale, the director now directly owns 4,647 shares of the company’s stock, valued at approximately $223,288.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.75% of the stock is owned by corporate insiders.

Several large investors have recently added to or reduced their stakes in ACC. FMR LLC increased its stake 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. Amundi Pioneer Asset Management Inc. increased its stake in shares of American Campus Communities by 10.3% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 87,619 shares of the real estate investment trust’s stock worth $4,168,000 after purchasing an additional 8,173 shares during the last quarter. Eii Capital Management Inc. grew its stake in American Campus Communities by 11.6% in the 2nd quarter. Eii Capital Management Inc. now owns 42,230 shares of the real estate investment trust’s stock valued at $1,949,000 after buying an additional 4,391 shares during the last quarter. Denali Advisors LLC acquired a new position in American Campus Communities in the 2nd quarter valued at about $1,412,000. Finally, WINTON GROUP Ltd grew its stake in American Campus Communities by 7.9% in the 2nd quarter. WINTON GROUP Ltd now owns 705,032 shares of the real estate investment trust’s stock valued at $32,544,000 after buying an additional 51,545 shares during the last quarter. 95.30% of the stock is currently owned by hedge funds and other institutional investors.

American Campus Communities Company Profile (NYSE:ACC)

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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