Capital One Financial Initiates Coverage on American Campus Communities to Equal-weight

Capital One Financial Initiates Coverage on American Campus Communities(NYSE:ACC). The shares have been rated Equal-weight. The rating by Capital One Financial was issued on Sep 23, 2016.

In a different note, On Aug 10, 2016, Deutsche Bank said it Maintains its rating on American Campus Communities. In the research note, the firm Raises the price-target to $47.00 per share. The shares have been rated ‘Hold’ by the firm. On Jul 27, 2016, JP Morgan said it Maintains its rating on American Campus Communities. In the research note, the firm Raises the price-target to $47.00 per share. The shares have been rated ‘Neutral’ by the firm. On Jul 18, 2016, JMP Securities said it Downgrades its rating on American Campus Communities. The shares have been rated ‘Market Perform’ by the firm. On Jul 18, 2016, Deutsche Bank said it Maintains its rating on American Campus Communities. In the research note, the firm Raises the price-target to $45.00 per share. The shares have been rated ‘Hold’ by the firm. On Jul 7, 2016, Citigroup said it Maintains its rating on American Campus Communities. In the research note, the firm Raises the price-target to $45.00 per share. The shares have been rated ‘Neutral’ by the firm.

American Campus Communities (ACC) shares turned negative on Tuesdays trading session with the shares closing down -0.18 points or -0.35% at a volume of 9,01,521. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $52.09. The peak price level was also seen at $52.09 while the days lowest was $51.18. Finally the shares closed at $51.29. The 52-week high of the shares is $54.5601 while the 52-week low is $35.6601. According to the latest information available, the market cap of the company is $6,692 M.

American Campus Communities(ACC) last announced its earnings results on Jul 25, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $185.98M. Analysts had an estimated revenue of $175.42M. Earnings per share were $0.54. Analysts had estimated an EPS of $0.53.

Several Insider Transactions has been reported to the SEC. On Aug 9, 2016, James E Iii Wilhelm (EVP PublicPrivate Transactions) sold 9,828 shares at $52.76 per share price.Also, On Jun 23, 2016, Daniel Perry (EVP, Cap. Mkts. & Corp. Fin.) sold 4,096 shares at $49.05 per share price.On May 10, 2016, Edward Lowenthal (director) sold 2,000 shares at $48.21 per share price, according to the Form-4 filing with the securities and exchange commission.

American Campus Communities Inc. is a real estate investment trust (REIT). The Company holds an approximate 98.8% limited partnership interest in American Campus Communities Operating Partnership L.P. The Company owns manages and develops student housing properties in the United States in terms of beds owned and under management. It is a self-managed and self-administered equity REIT 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 includes approximately 204 properties with 130700 beds in 44300 units. Its property portfolio consists of approximately 145 owned off-campus student housing properties. It operates under four segments: Wholly-Owned Properties On-Campus Participating Properties Development Services and Property Management Services.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

American Campus Communities - Is it time to Sell?

Top Brokerage Firms are advising their investors on American Campus Communities. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.