Could American Campus Communities, Inc. (ACC) Change Direction After Touching 52 Week Low?

January 10, 2018 - By Max Morgan

Investors sentiment increased to 1.25 in Q3 2017. Its up 0.08, from 1.17 in 2017Q2. It increased, as 23 investors sold American Campus Communities, Inc. shares while 87 reduced holdings. 36 funds opened positions while 102 raised stakes. 135.54 million shares or 1.20% less from 137.19 million shares in 2017Q2 were reported.
Deutsche Natl Bank Ag reported 68,903 shares. Janney Montgomery Scott Limited Liability Co reported 8,111 shares stake. Cibc Asset Management owns 4,584 shares. Stifel Financial accumulated 0% or 7,996 shares. Moreover, Shine Investment Advisory Ser Inc has 0.01% invested in American Campus Communities, Inc. (NYSE:ACC). State Treasurer State Of Michigan holds 0.02% of its portfolio in American Campus Communities, Inc. (NYSE:ACC) for 51,300 shares. Alps Advsrs Inc reported 9,979 shares. Tci Wealth Advsr stated it has 0% of its portfolio in American Campus Communities, Inc. (NYSE:ACC). 15,037 are owned by Magnetar Ltd Liability Co. Rhumbline Advisers accumulated 290,161 shares. Utah Retirement has 29,988 shares. California State Teachers Retirement System holds 223,669 shares. Alliancebernstein L P holds 0.01% or 162,936 shares. 386 were reported by Enterprise Services. Canada Pension Plan Board holds 0% or 22,700 shares.

The stock of American Campus Communities, Inc. (NYSE:ACC) hit a new 52-week low and has $35.95 target or 8.00 % below today’s $39.08 share price. The 8 months bearish chart indicates high risk for the $5.35 billion company. The 1-year low was reported on Jan, 10 by Barchart.com. If the $35.95 price target is reached, the company will be worth $427.92M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

The stock decreased 1.59% or $0.63 during the last trading session, reaching $39.08. About 153,040 shares traded. American Campus Communities, Inc. (NYSE:ACC) has risen 2.17% since January 10, 2017 and is uptrending. It has underperformed by 14.53% the S&P500.

Analysts await American Campus Communities, Inc. (NYSE:ACC) to report earnings on February, 20. They expect $0.72 earnings per share, up 10.77 % or $0.07 from last year’s $0.65 per share. ACC’s profit will be $98.55M for 13.57 P/E if the $0.72 EPS becomes a reality. After $0.43 actual earnings per share reported by American Campus Communities, Inc. for the previous quarter, Wall Street now forecasts 67.44 % EPS growth.

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

Among 18 analysts covering American Campus Communities (NYSE:ACC), 6 have Buy rating, 4 Sell and 8 Hold. Therefore 33% are positive. American Campus Communities had 47 analyst reports since July 23, 2015 according to SRatingsIntel. Evercore downgraded the shares of ACC in report on Monday, March 21 to “Hold” rating. The firm earned “Hold” rating on Thursday, October 26 by Bank of America. The rating was downgraded by JMP Securities to “Market Perform” on Monday, July 18. The rating was maintained by Deutsche Bank on Wednesday, August 10 with “Hold”. Canaccord Genuity upgraded the shares of ACC in report on Monday, February 8 to “Buy” rating. FBR Capital maintained American Campus Communities, Inc. (NYSE:ACC) on Tuesday, January 2 with “Buy” rating. Citigroup maintained the stock with “Neutral” rating in Wednesday, September 16 report. Argus Research upgraded American Campus Communities, Inc. (NYSE:ACC) on Thursday, October 26 to “Buy” rating. The firm has “Buy” rating by KeyBanc Capital Markets given on Friday, September 22. As per Friday, February 24, the company rating was maintained by Canaccord Genuity.

More important recent American Campus Communities, Inc. (NYSE:ACC) news were published by: Businesswire.com which released: “American Campus Communities Announces Fourth Quarter and Year End 2017 …” on January 04, 2018, also Forbes.com published article titled: “Ex-Dividend Reminder: American Campus Communities, Capital One Financial and …”, Seekingalpha.com published: “American Campus Communities’ (ACC) CEO Bill Bayless on Q3 2017 Results …” on October 24, 2017. More interesting news about American Campus Communities, Inc. (NYSE:ACC) was released by: Businesswire.com and their article: “American Campus Communities Earns Great Place to Work” with publication date: December 11, 2017.

American Campus Communities, Inc. is a real estate investment trust. The company has market cap of $5.35 billion. The firm invests in the real estate markets of the United States. It has a 98.19 P/E ratio. It primarily engages in developing, owning, and managing high-quality student housing communities.

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