Barclays Adjusts Price Target and Estimates on Campus Crest Communities (CCG)

Barclays maintains a 'Equalweight' on Campus Crest Communities (NYSE: CCG) price target raised $1 to $13.

Analyst, Ross L. Smotrich, said, "1Q12 FFO of $0.15 per share was $0.02 below our estimate, largely due to higher interest expense than we had modeled...We are maintaining our FY12 FFO estimate of $0.77, which reflects the 1Q12 miss, offset by a greater quarterly ramp up in FFO from lease-up. Excluding the $0.03 charge, our operating FFO estimate is $0.80. In 2013, we are raising our estimate by $0.04 to $0.90."

For an analyst ratings summary and ratings history on Campus Crest Communities click here. For more ratings news on Campus Crest Communities click here.

Shares of Campus Crest Communities closed at $11.55 yesterday.

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