It Seems American Campus Communities, Inc. (ACC) Will Go Down. Just Reaches 52-Week Low

January 21, 2018 - By Linda Rogers

Investors sentiment increased to 1.25 in Q3 2017. Its up 0.08, from 1.17 in 2017Q2. It improved, 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.
Northstar Group Inc has 8,700 shares for 0.37% of their portfolio. 16.08M are owned by Cohen And Steers. State Treasurer State Of Michigan accumulated 51,300 shares. Stevens Capital Mgmt Ltd Partnership stated it has 40,743 shares or 0.07% of all its holdings. Prelude Cap Mngmt Limited Liability Company stated it has 0.01% in American Campus Communities, Inc. (NYSE:ACC). Paloma Prns Mgmt Co reported 15,479 shares. Da Davidson & Company owns 0% invested in American Campus Communities, Inc. (NYSE:ACC) for 5,232 shares. New York-based Rafferty Asset Mngmt Ltd Liability has invested 0.02% in American Campus Communities, Inc. (NYSE:ACC). Nomura Asset Ltd accumulated 79,220 shares or 0.05% of the stock. Belgium-based Kbc Gru Nv has invested 0.02% in American Campus Communities, Inc. (NYSE:ACC). Fil Limited stated it has 253,632 shares. Oregon Public Employees Retirement Fund owns 50,727 shares. Panagora Asset, a Massachusetts-based fund reported 9,213 shares. Alps Advsr accumulated 9,979 shares or 0% of the stock. First Citizens National Bank Company owns 0.05% invested in American Campus Communities, Inc. (NYSE:ACC) for 8,743 shares.

The stock of American Campus Communities, Inc. (NYSE:ACC) hit a new 52-week low and has $35.45 target or 8.00 % below today’s $38.53 share price. The 8 months bearish chart indicates high risk for the $5.27B company. The 1-year low was reported on Jan, 21 by Barchart.com. If the $35.45 price target is reached, the company will be worth $421.92 million 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 0.10% or $0.04 during the last trading session, reaching $38.53. About 724,656 shares traded. American Campus Communities, Inc. (NYSE:ACC) has risen 2.17% since January 21, 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 $98.55 million for 13.38 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), 7 have Buy rating, 4 Sell and 7 Hold. Therefore 39% are positive. American Campus Communities had 48 analyst reports since July 23, 2015 according to SRatingsIntel. Deutsche Bank maintained the stock with “Hold” rating in Wednesday, August 10 report. As per Friday, February 24, the company rating was maintained by Canaccord Genuity. The company was maintained on Friday, October 27 by Citigroup. The rating was downgraded by JMP Securities on Monday, July 18 to “Market Perform”. The stock of American Campus Communities, Inc. (NYSE:ACC) earned “Equal-Weight” rating by Capital One on Friday, September 23. Deutsche Bank maintained it with “Hold” rating and $42 target in Wednesday, November 18 report. Canaccord Genuity initiated American Campus Communities, Inc. (NYSE:ACC) on Thursday, July 23 with “Hold” rating. The firm has “Buy” rating by KeyBanc Capital Markets given on Friday, September 22. The stock of American Campus Communities, Inc. (NYSE:ACC) has “In-Line” rating given on Monday, June 19 by Evercore. The company was upgraded on Monday, July 10 by JMP Securities.

More notable recent American Campus Communities, Inc. (NYSE:ACC) news were published by: Seekingalpha.com which released: “College Is Cool, It’s No Longer Old School” on January 15, 2018, also Businesswire.com with their article: “American Campus Communities Announces Fourth Quarter and Year End 2017 …” published on January 04, 2018, Businesswire.com published: “American Campus Communities Wins Best Student Housing Rental Apartment …” on January 12, 2018. More interesting news about American Campus Communities, Inc. (NYSE:ACC) were released by: Businesswire.com and their article: “University of Illinois at Chicago and American Campus Communities Break Ground …” published on January 17, 2018 as well as Businesswire.com‘s news article titled: “American Campus Communities, Inc. Announces Acquisition of Core Spaces/DRW …” with publication date: September 25, 2017.

American Campus Communities, Inc. is a real estate investment trust. The company has market cap of $5.27 billion. The firm invests in the real estate markets of the United States. It has a 96.81 P/E ratio. It primarily engages in developing, owning, and managing high-quality student housing communities.

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