American Community Properties Trust Rating Lowered to Neutral at Goldman Sachs (APO)

By admin | 6 years ago

American Community Properties Trust (NYSE: APO) was downgraded by equities research analysts at Goldman Sachs (NYSE: GS) from a “buy” rating to a “neutral” rating in a research note issued to investors on Friday.

APO has been the subject of a number of other recent research reports. Analysts at Citigroup (NYSE: C) raised their price target on shares of American Community Properties Trust from $16.50 to $16.75 in a research note to investors on Wednesday, May 9th. Separately, analysts at JPMorgan Chase (NYSE: JPM) raised their price target on shares of American Community Properties Trust from $15.00 to $16.00 in a research note to investors on Wednesday, May 9th. Finally, analysts at Keefe, Bruyette & Woods downgraded shares of American Community Properties Trust to a “market perform” rating in a research note to investors on Thursday, April 12nd.

Shares of American Community Properties Trust traded down 0.35% during mid-day trading on Friday, hitting $11.32. American Community Properties Trust has a 52 week low of $8.85 and a 52 week high of $17.94. The company’s market cap is $1.432 billion.

American Community Properties Trust last announced its earnings results on Tuesday, May 8th. The company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.29. The company’s revenue for the quarter was up 11.5% on a year-over-year basis. On average, analysts predict that American Community Properties Trust will post $0.69 earnings per share next quarter.

American Community Properties Trust (ACPT) develops, builds, owns, and manages primarily residential real estate in Washington, DC; Maryland; and Virginia.

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