UBS maintains a 'Neutral' on American Campus Communities (ACC); Credit Management, But Shares Fully Valued
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Price: $65.42 --0%
Rating Summary:
10 Buy, 8 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
10 Buy, 8 Hold, 1 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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UBS maintains a 'Neutral' on American Campus Communities (NYSE: ACC) price target raised from $41 to $43.
Analyst, Derek Bower, said, "Management did a respectable job on the Q1 earnings call of assuring the market that core leasing is tracking as expected for the 2012-2013 school year despite the 380bp leasing gap. We remain in the camp that the stock has already priced in a successful end to the leasing season, giving ACC's talented management team the benefit of the doubt. Accordingly, we continue to believe the risk/reward equation skews slightly to the downside in the near-term. We expect the next leasing update to be provided at the NAREIT conference in mid-June."
For an analyst ratings summary and ratings history on American Campus Communities click here. For more ratings news on American Campus Communities click here.
Shares of American Campus Communities closed at $44.17 yesterday.
Analyst, Derek Bower, said, "Management did a respectable job on the Q1 earnings call of assuring the market that core leasing is tracking as expected for the 2012-2013 school year despite the 380bp leasing gap. We remain in the camp that the stock has already priced in a successful end to the leasing season, giving ACC's talented management team the benefit of the doubt. Accordingly, we continue to believe the risk/reward equation skews slightly to the downside in the near-term. We expect the next leasing update to be provided at the NAREIT conference in mid-June."
For an analyst ratings summary and ratings history on American Campus Communities click here. For more ratings news on American Campus Communities click here.
Shares of American Campus Communities closed at $44.17 yesterday.
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