Equities analysts predict that American Campus Communities, Inc. (NYSE:ACC) will post earnings of $0.34 per share for the current quarter, according to Zacks. Three analysts have made estimates for American Campus Communities’ earnings. The highest EPS estimate is $0.41 and the lowest is $0.28. American Campus Communities reported earnings of $0.46 per share in the same quarter last year, which indicates a negative year over year growth rate of 26.1%. The business is expected to announce its next quarterly earnings report on Monday, October 19th.
On average, analysts expect that American Campus Communities will report full year earnings of $2.05 per share for the current financial year, with EPS estimates ranging from $1.91 to $2.15. For the next fiscal year, analysts anticipate that the business will post earnings of $2.28 per share, with EPS estimates ranging from $2.17 to $2.40. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that follow American Campus Communities.
American Campus Communities (NYSE:ACC) last issued its quarterly earnings data on Monday, July 20th. The real estate investment trust reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.47). The company had revenue of $177.19 million for the quarter, compared to analysts’ expectations of $191.57 million. American Campus Communities had a return on equity of 3.66% and a net margin of 12.24%. The company’s revenue for the quarter was down 12.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.56 earnings per share.
A number of research analysts have recently weighed in on ACC shares. KeyCorp cut their price objective on American Campus Communities from $45.00 to $40.00 and set an “overweight” rating on the stock in a report on Monday, July 27th. Zacks Investment Research downgraded American Campus Communities from a “buy” rating to a “hold” rating in a research report on Tuesday, June 30th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. American Campus Communities presently has a consensus rating of “Buy” and an average target price of $41.33.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. FMR LLC raised its holdings in American Campus Communities by 1,518.3% during the 1st quarter. FMR LLC now owns 971 shares of the real estate investment trust’s stock worth $46,000 after purchasing an additional 911 shares during the last quarter. Amundi Pioneer Asset Management Inc. lifted its stake in shares of American Campus Communities by 10.3% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 87,619 shares of the real estate investment trust’s stock worth $4,168,000 after purchasing an additional 8,173 shares during the period. Aperio Group LLC lifted its stake in shares of American Campus Communities by 24.4% during the 1st quarter. Aperio Group LLC now owns 66,422 shares of the real estate investment trust’s stock worth $1,843,000 after purchasing an additional 13,015 shares during the period. Rhumbline Advisers lifted its stake in shares of American Campus Communities by 8.2% during the 1st quarter. Rhumbline Advisers now owns 394,434 shares of the real estate investment trust’s stock worth $10,946,000 after purchasing an additional 30,002 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in shares of American Campus Communities by 4.0% during the 1st quarter. Bank of New York Mellon Corp now owns 1,777,861 shares of the real estate investment trust’s stock worth $49,338,000 after purchasing an additional 69,191 shares during the period. Institutional investors and hedge funds own 95.80% of the company’s stock.
Shares of ACC stock opened at $37.50 on Thursday. The stock’s 50-day simple moving average is $34.62 and its 200-day simple moving average is $33.85. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.97 and a current ratio of 0.97. The firm has a market capitalization of $5.16 billion, a PE ratio of 46.88, a P/E/G ratio of 0.53 and a beta of 0.97. American Campus Communities has a fifty-two week low of $20.13 and a fifty-two week high of $50.94.
The company also recently announced a quarterly dividend, which was paid on Friday, August 21st. Stockholders of record on Monday, August 10th were given a $0.47 dividend. The ex-dividend date of this dividend was Friday, August 7th. This represents a $1.88 annualized dividend and a dividend yield of 5.01%. American Campus Communities’s dividend payout ratio (DPR) is presently 77.69%.
About American Campus Communities
American Campus Communities, Inc is the largest owner, manager and developer of high-quality student housing communities in the United States. The company is a fully integrated, self-managed and self-administered equity real estate investment trust (REIT) with expertise in the design, finance, development, construction management and operational management of student housing properties.
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