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

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

Several research analysts have weighed in on ACC shares. Zacks Investment Research lowered shares of American Campus Communities from a “buy” rating to a “hold” rating in a research note on Tuesday, October 8th. ValuEngine lowered shares of American Campus Communities from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. TheStreet lowered shares of American Campus Communities from a “b-” rating to a “c” rating in a research note on Monday, July 22nd. Argus raised shares of American Campus Communities from a “hold” rating to a “buy” rating and set a $53.00 target price for the company in a research note on Wednesday, July 31st. Finally, Capital One Financial raised shares of American Campus Communities from an “equal weight” rating to an “overweight” rating in a research note on Monday, July 8th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. American Campus Communities currently has a consensus rating of “Buy” and a consensus price target of $50.60.

The company has a debt-to-equity ratio of 0.94, a current ratio of 1.46 and a quick ratio of 1.46. The company has a market cap of $6.87 billion, a PE ratio of 21.96 and a beta of 0.37. The company’s 50 day simple moving average is $47.89 and its two-hundred day simple moving average is $47.28.

American Campus Communities (NYSE:ACC) last announced its earnings results on Monday, October 21st. The real estate investment trust reported $0.14 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.46 by ($0.32). The company had revenue of $211.08 million for the quarter, compared to analysts’ expectations of $213.30 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 4.1% compared to the same quarter last year. During the same period last year, the business earned $0.44 EPS. Sell-side analysts expect that American Campus Communities, Inc. will post 2.42 EPS for the current fiscal year.

In other news, Director Oliver Luck sold 12,216 shares of the firm’s stock in a transaction that occurred on Friday, September 27th. The shares were sold at an average price of $48.05, for a total value of $586,978.80. Following the completion of the transaction, the director now owns 4,647 shares of the company’s stock, valued at $223,288.35. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.75% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Phocas Financial Corp. purchased a new position in American Campus Communities in the second quarter worth approximately $32,000. Coastal Investment Advisors Inc. purchased a new position in American Campus Communities in the third quarter worth approximately $44,000. FMR LLC lifted its stake in American Campus Communities by 1,518.3% in the first quarter. FMR LLC now owns 971 shares of the real estate investment trust’s stock worth $46,000 after acquiring an additional 911 shares during the last quarter. Point72 Asset Management L.P. purchased a new position in American Campus Communities in the second quarter worth approximately $60,000. Finally, Harvest Fund Management Co. Ltd lifted its stake in American Campus Communities by 25.4% in the second quarter. Harvest Fund Management Co. Ltd now owns 3,261 shares of the real estate investment trust’s stock worth $151,000 after acquiring an additional 661 shares during the last quarter. 95.30% of the stock is owned by institutional investors and hedge funds.

About American Campus Communities (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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