Shares of American Campus Communities (NYSE ACC) opened at 48.94 on Tuesday. American Campus Communities has a 12-month low of $44.65 and a 12-month high of $54.56. The stock has a 50 day moving average price of $47.66 and a 200 day moving average price of $48.08. The firm has a market capitalization of $6.56 billion, a P/E ratio of 75.18 and a beta of 0.25.
American Campus Communities Inc (NYSE:ACC) announced its quarterly earnings data on Monday. The real estate investment trust reported $0.53 EPS for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.38, Bloomberg Earnings reports. The business had revenue of $169.90 million during the quarter, compared to the consensus estimate of $169.50 million. American Campus Communities had a return on equity of 2.53% and a net margin of 11.23%. The business’s revenue for the quarter was down 3.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.54 earnings per share. American Campus Communities updated its FY17 guidance to $2.34-2.44 EPS.
Hedge funds have recently bought and sold shares of the stock. Israel Discount Bank of New York bought a new stake in American Campus Communities during the first quarter valued at $116,000. Stifel Financial Corp boosted its stake in American Campus Communities by 5.6% in the first quarter. Stifel Financial Corp now owns 5,769 shares of the real estate investment trust’s stock valued at $277,000 after buying an additional 308 shares during the period. Sprott Inc. bought a new stake in American Campus Communities during the first quarter valued at $339,000. Quantbot Technologies LP bought a new stake in American Campus Communities during the first quarter valued at $382,000. Finally, First Citizens Bank & Trust Co. bought a new stake in American Campus Communities during the first quarter valued at $398,000.
A number of equities analysts recently issued reports on ACC shares. Zacks Investment Research downgraded American Campus Communities from a “hold” rating to a “sell” rating in a report on Tuesday, May 9th. FBR & Co reaffirmed a “buy” rating on shares of American Campus Communities in a report on Friday, May 19th. BidaskClub raised American Campus Communities from a “hold” rating to a “buy” rating in a report on Saturday, June 17th. Evercore ISI raised American Campus Communities from an “underperform” rating to an “in-line” rating and upped their price target for the company from $48.00 to $49.00 in a report on Monday, June 19th. Finally, JMP Securities raised American Campus Communities from a “market perform” rating to an “outperform” rating and set a $55.00 price target for the company in a report on Monday, July 10th. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. American Campus Communities presently has a consensus rating of “Hold” and a consensus target price of $51.88.
About American Campus Communities
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.