Are American Campus Communities (NYSE:ACC) Shares Headed North? BofA Merrill Issues Upgrade.

June 14, 2018 - By Christine McCrea

American Campus Communities, Inc. (NYSE:ACC) Logo

Investors sentiment increased to 1.62 in 2018 Q1. Its up 0.26, from 1.36 in 2017Q4. It increased, as 22 investors sold American Campus Communities, Inc. shares while 76 reduced holdings. 43 funds opened positions while 116 raised stakes. 128.74 million shares or 4.65% less from 135.03 million shares in 2017Q4 were reported.

Arizona State Retirement accumulated 92,297 shares. Gsa Cap Prtnrs Ltd Liability Partnership has 18,017 shares. 27,314 were reported by State Of Wisconsin Inv Board. Federated Investors Incorporated Pa owns 70,608 shares. Louisiana State Employees Retirement Systems has invested 0.06% in American Campus Communities, Inc. (NYSE:ACC). Asset Mgmt One Co Ltd holds 0.02% of its portfolio in American Campus Communities, Inc. (NYSE:ACC) for 275,381 shares. Panagora Asset invested 0% of its portfolio in American Campus Communities, Inc. (NYSE:ACC). Bb&T Secs Limited Co has 0.02% invested in American Campus Communities, Inc. (NYSE:ACC). Us Bancorporation De reported 893,167 shares. Amundi Pioneer Asset Mngmt owns 163,068 shares. Natixis invested in 7,400 shares. Geode Mngmt Limited has invested 0.02% in American Campus Communities, Inc. (NYSE:ACC). Shine Inv Advisory Svcs Incorporated has invested 0.01% in American Campus Communities, Inc. (NYSE:ACC). The Washington-based Fisher Asset Mngmt Limited Com has invested 0% in American Campus Communities, Inc. (NYSE:ACC). Stevens Cap Management Limited Partnership holds 0.08% or 53,453 shares in its portfolio.

Since March 23, 2018, it had 1 buying transaction, and 0 insider sales for $182,500 activity.

American Campus Communities (NYSE:ACC) Stock Upgrade

New York-listed American Campus Communities (NYSE:ACC), was raised by research professionals at BofA Merrill. The firm raised its rating on the $5.86 billion market capitalized company to a respectable “Buy” from their past rating of “Neutral”.

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

Among 8 analysts covering American Campus (NYSE:ACC), 4 have Buy rating, 2 Sell and 2 Hold. Therefore 50% are positive. American Campus has $50.0 highest and $41 lowest target. $44.29’s average target is 3.55% above currents $42.77 stock price. American Campus had 12 analyst reports since December 15, 2017 according to SRatingsIntel. FBR Capital maintained American Campus Communities, Inc. (NYSE:ACC) on Monday, January 22 with “Buy” rating. The firm has “Underweight” rating given on Friday, December 15 by JP Morgan. Sandler O’Neill maintained the stock with “Buy” rating in Monday, February 26 report. The firm earned “Neutral” rating on Tuesday, March 13 by Citigroup. The stock of American Campus Communities, Inc. (NYSE:ACC) earned “Long-Term Buy” rating by Hilliard Lyons on Thursday, February 22. The firm earned “Buy” rating on Wednesday, February 21 by FBR Capital. Sandler O’Neill upgraded the shares of ACC in report on Friday, January 12 to “Buy” rating. The rating was downgraded by J.P. Morgan to “Sell” on Friday, December 15. The stock of American Campus Communities, Inc. (NYSE:ACC) earned “Buy” rating by KeyBanc Capital Markets on Wednesday, December 20. The firm has “Underweight” rating by JP Morgan given on Friday, March 16.

The stock decreased 0.14% or $0.06 during the last trading session, reaching $42.77. About 1.52M shares traded or 82.11% up from the average. American Campus Communities, Inc. (NYSE:ACC) has declined 19.76% since June 14, 2017 and is downtrending. It has underperformed by 32.33% the S&P500.

Analysts await American Campus Communities, Inc. (NYSE:ACC) to report earnings on July, 23. They expect $0.55 earnings per share, up 3.77 % or $0.02 from last year’s $0.53 per share. ACC’s profit will be $75.38 million for 19.44 P/E if the $0.55 EPS becomes a reality. After $0.62 actual earnings per share reported by American Campus Communities, Inc. for the previous quarter, Wall Street now forecasts -11.29 % negative EPS growth.

American Campus Communities, Inc. is a real estate investment trust. The company has market cap of $5.86 billion. The firm invests in the real estate markets of the United States. It currently has negative earnings. It primarily engages in developing, owning, and managing high-quality student housing communities.

Another recent and important American Campus Communities, Inc. (NYSE:ACC) news was published by which published an article titled: “Benzinga’s Top Upgrades, Downgrades For June 14, 2018” on June 14, 2018.

American Campus Communities, Inc. (NYSE:ACC) Institutional Positions Chart

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