Stock On Watch: Is American Campus Communities, Inc. a Buy? The Stock Rises Again

Stock On Watch: Is American Campus Communities, Inc. a Buy? The Stock Rises Again

The stock of American Campus Communities, Inc. (NYSE:ACC) is a huge mover today! American Campus Communities, Inc. (NYSE:ACC) has risen 6.97% since March 3, 2016 and is uptrending. It has underperformed by 1.37% the S&P500.
The move comes after 5 months positive chart setup for the $6.25 billion company. It was reported on Oct, 6 by Barchart.com. We have $76.64 PT which if reached, will make NYSE:ACC worth $3.69 billion more.

Analysts await American Campus Communities, Inc. (NYSE:ACC) to report earnings on October, 24. They expect $0.43 EPS, up 2.38% or $0.01 from last year’s $0.42 per share. ACC’s profit will be $55.76M for 28.02 P/E if the $0.43 EPS becomes a reality. After $0.54 actual EPS reported by American Campus Communities, Inc. for the previous quarter, Wall Street now forecasts -20.37% negative EPS growth.

American Campus Communities, Inc. (NYSE:ACC) Ratings Coverage

Out of 13 analysts covering American Campus Communities (NYSE:ACC), 3 rate it a “Buy”, 3 “Sell”, while 7 “Hold”. This means 23% are positive. American Campus Communities has been the topic of 26 analyst reports since July 23, 2015 according to StockzIntelligence Inc. Capital One initiated the shares of ACC in a report on Friday, September 23 with “Equal-Weight” rating. Canaccord Genuity upgraded the stock to “Buy” rating in Monday, February 8 report. The stock of American Campus Communities, Inc. (NYSE:ACC) earned “Neutral” rating by Goldman Sachs on Thursday, September 10. CapitalOne initiated the shares of ACC in a report on Friday, September 23 with “Equal Weight” rating. The stock has “Outperform” rating given by FBR Capital on Thursday, June 23. The rating was downgraded by Evercore to “Hold” on Monday, March 21. Canaccord Genuity initiated American Campus Communities, Inc. (NYSE:ACC) on Thursday, July 23 with “Hold” rating. The company was downgraded on Monday, July 18 by JMP Securities. Goldman Sachs downgraded the stock to “Sell” rating in Thursday, December 3 report. The stock of American Campus Communities, Inc. (NYSE:ACC) has “Buy” rating given on Tuesday, March 8 by Argus Research.

According to Zacks Investment Research, “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.”

Insitutional Activity: The institutional sentiment decreased to 1.27 in 2016 Q2. Its down 0.57, from 1.84 in 2016Q1. The ratio dived, as 26 funds sold all American Campus Communities, Inc. shares owned while 90 reduced positions. 28 funds bought stakes while 119 increased positions. They now own 133.53 million shares or 1.25% more from 131.88 million shares in 2016Q1.
Blackrock Institutional Co Na owns 5.55 million shares or 0.05% of their US portfolio. Fred Alger Management Inc has 0.07% invested in the company for 247,900 shares. Usa Portformulas reported 9,957 shares or 0.14% of all its holdings. Moreover, Amica Mutual Insurance has 0.05% invested in American Campus Communities, Inc. (NYSE:ACC) for 9,951 shares. Tower Research Capital Ltd Liability Com (Trc) last reported 0% of its portfolio in the stock. Blackrock Fund Advisors has 6.64 million shares for 0.08% of their US portfolio. Manufacturers Life Insur Co The holds 175,604 shares or 0.01% of its portfolio. Americafirst Capital Mngmt Ltd Com last reported 12,965 shares in the company. Moreover, Allianz Asset Management Ag has 0.01% invested in American Campus Communities, Inc. (NYSE:ACC) for 299,902 shares. Credit Suisse Ag holds 0.03% of its portfolio in American Campus Communities, Inc. (NYSE:ACC) for 451,695 shares. Blackrock Invest Mngmt Ltd Limited Liability Company owns 423,504 shares or 0.03% of their US portfolio. Spirit Of America Mngmt Corp Ny last reported 0.25% of its portfolio in the stock. & Buildings Management Ltd holds 1.58% of its portfolio in American Campus Communities, Inc. (NYSE:ACC) for 55,200 shares. Monarch Prns Asset reported 260,950 shares or 1.38% of all its holdings. Retirement Of Alabama accumulated 482,988 shares or 0.15% of the stock.

Insider Transactions: Since April 7, 2016, the stock had 0 insider buys, and 3 selling transactions for $489,028 net activity. On Tuesday, June 28 the insider Wilhelm James E III sold $59,237. On Tuesday, May 10 LOWENTHAL EDWARD sold $96,420 worth of the stock or 2,000 shares. Another trade for 1,856 shares valued at $85,528 was made by LOPEZ DENNIS G on Thursday, April 7.

More notable recent American Campus Communities, Inc. (NYSE:ACC) news were published by: Businesswire.com which released: “American Campus Communities, Inc. Reports Second Quarter 2016 Financial Results” on July 25, 2016, also Finance.Yahoo.com with their article: “American Campus Communities Appoints Facebook VP Blake Chandlee to Board of …” published on September 19, 2016, Benzinga.com published: “Recent Underperformance Leaves Education Realty Trust Stock At An Attractive Price” on October 05, 2016. More interesting news about American Campus Communities, Inc. (NYSE:ACC) were released by: Finance.Yahoo.com and their article: “American Campus Communities Announces Third Quarter 2016 Earnings Release and …” published on September 13, 2016 as well as Fool.com‘s news article titled: “Battle Royale: AvalonBay vs. American Campus Communities” with publication date: November 05, 2015.

ACC Company Profile

American Campus Communities, Inc., incorporated on March 9, 2004, is a self-managed and self-administered equity real estate investment trust (REIT). The Firm holds an approximately 98.8% limited partnership interest in American Campus Communities Operating Partnership L.P. The Company’s divisions include Wholly-Owned Properties, On-Campus Participating Properties, Development Services, and Property Management Services. The Firm is engaged in the acquisition, design, financing, development, construction management, leasing and management of student housing properties. The Company’s total owned and third-party managed portfolio comprises over 200 properties with approximately 128,900 beds in approximately 43,400 units. The Company’s portfolio contains over 160 properties with approximately 99,400 beds in approximately 32,500 apartment units. The Company’s property portfolio also includes over 130 owned off-campus student housing properties; over 20 American Campus Equity (ACE) properties, which are operated under ground/facility leases with approximately 10 university systems, and over five on-campus participating properties operated under ground/facility leases with the related university systems.

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