American Campus Communities (ACC) Downgraded to “Sell” at Zacks Investment Research

Zacks Investment Research downgraded shares of American Campus Communities (NYSE:ACC) from a hold rating to a sell rating in a research note published on Tuesday.

According to Zacks, “American Campus Communities, Inc. is a fully integrated, self-managed and self-administered equity REIT with expertise in the acquisition, design, finance, development, construction management, leasing and management of student housing properties. “

A number of other equities research analysts have also recently issued reports on ACC. FBR & Co reaffirmed a buy rating on shares of American Campus Communities in a research note on Monday, September 25th. Bank of America cut shares of American Campus Communities from a buy rating to a neutral rating and set a $45.00 price objective for the company. in a research note on Thursday, October 26th. Argus raised shares of American Campus Communities from a hold rating to a buy rating in a research note on Thursday, October 26th. Citigroup reaffirmed a neutral rating on shares of American Campus Communities in a research note on Friday, October 27th. Finally, Robert W. Baird cut their price objective on shares of American Campus Communities from $51.00 to $47.00 and set an outperform rating for the company in a research note on Tuesday, October 31st. Two analysts have rated the stock with a sell rating, five have issued a hold rating and nine have given a buy rating to the company. The stock currently has an average rating of Hold and an average target price of $50.00.

Shares of American Campus Communities (NYSE ACC) opened at $39.64 on Tuesday. American Campus Communities has a 12 month low of $39.44 and a 12 month high of $51.70. The stock has a market cap of $5,430.00, a price-to-earnings ratio of 99.10, a PEG ratio of 12.72 and a beta of 0.28. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.79.

Institutional investors and hedge funds have recently made changes to their positions in the business. CIBC Asset Management Inc purchased a new stake in American Campus Communities during the 3rd quarter valued at $202,000. Raymond James Trust N.A. boosted its position in American Campus Communities by 6.6% during the 2nd quarter. Raymond James Trust N.A. now owns 4,567 shares of the real estate investment trust’s stock valued at $216,000 after buying an additional 283 shares during the period. Cipher Capital LP purchased a new stake in American Campus Communities during the 3rd quarter valued at $244,000. Garner Asset Management Corp purchased a new stake in American Campus Communities during the 2nd quarter valued at $247,000. Finally, Verition Fund Management LLC purchased a new stake in American Campus Communities during the 2nd quarter valued at $282,000.

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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.

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