Just How Negative is Goldman Following Their Downgrade of American Campus Communities (NYSE:ACC)?


American Campus Communities (NYSE:ACC) Receives a Downgrade

Goldman has downgraded the rating for shares of American Campus Communities (NYSE:ACC) to a solid Sell in an interesting research report announced on Thursday, 3 December. ACC’s previous rating by the firm was a Neutral.

From a total of 13 analysts covering American Campus Communities (NYSE:ACC) stock, 8 rate it a ”Buy”, 1 a “Sell”, and 6 a ”Hold”. This means that 53% of the ratings are positive. The highest target price is $50 while the lowest target price is $35. The mean of all analyst targets is $43.08 with a 7.20% above today’s ($38.87) stock price. American Campus Communities was the topic of 10 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. Deutsche Bank maintained shares on November 18 with “Hold” rating. Citigroup maintained ACC stock in a recent report from September 16 with “Neutral” rating. Finally, Canaccord Genuity initiated the stock with “Hold” rating in a report issued on a July 23.

Approximately 297,475 shares of stock traded hands. American Campus Communities, Inc. (NYSE:ACC) has declined 0.37% since April 30, 2015 and is downtrending. It has underperformed by 0.09% the S&P500.

American Campus Communities, Inc. is a real estate investment trust . The company has a market cap of $4.49 billion. The Firm holds an approximate 98.8% limited partnership interest in American Campus Communities Operating Partnership L.P. It has 37.86 P/E ratio. The Firm owns, manages and develops student housing properties in the United States in terms of beds owned and under management.

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.” Get a free copy of the Zacks research report on American Campus Communities, Inc. (ACC).