American Campus Communities (NYSE:ACC) Now Covered by Goldman Sachs Group

Goldman Sachs Group initiated coverage on shares of American Campus Communities (NYSE:ACC) in a research note published on Friday morning, The Fly reports. The firm issued a neutral rating and a $53.00 target price on the real estate investment trust’s stock.

ACC has been the topic of several other research reports. Robert W. Baird upped 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 note on Thursday, July 11th. Argus upgraded 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 note on Wednesday, July 31st. TheStreet lowered shares of American Campus Communities from a b- rating to a c rating in a research note on Monday, July 22nd. ValuEngine lowered shares of American Campus Communities from a buy rating to a hold rating in a research note on Thursday, August 1st. Finally, Zacks Investment Research downgraded shares of American Campus Communities from a buy rating to a hold rating in a research report on Tuesday, October 8th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. American Campus Communities currently has an average rating of Hold and an average price target of $51.00.

American Campus Communities stock traded down $0.15 during trading hours on Friday, hitting $46.96. The company had a trading volume of 424,957 shares, compared to its average volume of 704,771. The firm has a market capitalization of $6.68 billion, a P/E ratio of 20.33 and a beta of 0.36. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.31 and a quick ratio of 1.46. The firm’s fifty day moving average is $48.73 and its 200-day moving average is $47.42. American Campus Communities has a fifty-two week low of $39.37 and a fifty-two week high of $50.94.

American Campus Communities (NYSE:ACC) last released its quarterly earnings data 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 during the quarter, compared to analyst estimates of $213.30 million. American Campus Communities had a net margin of 11.55% and a return on equity of 2.73%. The firm’s quarterly revenue was up 4.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.44 EPS. Analysts anticipate that American Campus Communities will post 2.43 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Monday, November 11th will be given a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 4.00%. This is an increase from American Campus Communities’s previous quarterly dividend of $0.42. The ex-dividend date is Thursday, November 7th. American Campus Communities’s payout ratio is currently 81.39%.

In other American Campus Communities news, EVP Cardenas Jorge De sold 9,788 shares of the business’s stock in a transaction that occurred on Thursday, October 24th. The shares were sold at an average price of $50.06, for a total value of $489,987.28. Following the completion of the sale, the executive vice president now directly owns 31,978 shares of the company’s stock, valued at $1,600,818.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Oliver Luck sold 12,216 shares of the business’s stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $48.05, for a total transaction of $586,978.80. Following the completion of the sale, the director now directly owns 4,647 shares of the company’s stock, valued at $223,288.35. The disclosure for this sale can be found here. Insiders own 0.75% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Anchor Capital Advisors LLC boosted its holdings in shares of American Campus Communities by 1.5% during the 3rd quarter. Anchor Capital Advisors LLC now owns 13,160 shares of the real estate investment trust’s stock worth $633,000 after buying an additional 200 shares during the period. Commonwealth Equity Services LLC boosted its holdings in shares of American Campus Communities by 5.9% during the 2nd quarter. Commonwealth Equity Services LLC now owns 4,846 shares of the real estate investment trust’s stock worth $223,000 after buying an additional 268 shares during the period. Janney Montgomery Scott LLC boosted its holdings in shares of American Campus Communities by 1.2% during the 3rd quarter. Janney Montgomery Scott LLC now owns 23,199 shares of the real estate investment trust’s stock worth $1,115,000 after buying an additional 268 shares during the period. Commerce Bank boosted its holdings in shares of American Campus Communities by 4.1% during the 2nd quarter. Commerce Bank now owns 7,087 shares of the real estate investment trust’s stock worth $327,000 after buying an additional 276 shares during the period. Finally, MML Investors Services LLC boosted its holdings in shares of American Campus Communities by 2.5% during the 2nd quarter. MML Investors Services LLC now owns 11,529 shares of the real estate investment trust’s stock worth $532,000 after buying an additional 276 shares during the period. 95.57% of the stock is owned by institutional investors and hedge funds.

American Campus Communities Company Profile

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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Analyst Recommendations for American Campus Communities (NYSE:ACC)

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