American Campus Communities, Inc. (NYSE:ACC) – Investment analysts at B. Riley dropped their Q2 2018 earnings per share (EPS) estimates for shares of American Campus Communities in a research note issued to investors on Wednesday. B. Riley analyst D. Corak now expects that the real estate investment trust will post earnings per share of $0.53 for the quarter, down from their prior estimate of $0.56. B. Riley currently has a “Buy” rating and a $50.00 price target on the stock. B. Riley also issued estimates for American Campus Communities’ Q3 2018 earnings at $0.47 EPS, FY2018 earnings at $2.38 EPS, Q2 2019 earnings at $0.58 EPS, Q3 2019 earnings at $0.50 EPS, Q4 2019 earnings at $0.76 EPS and FY2019 earnings at $2.56 EPS.
Other equities research analysts have also issued reports about the company. Argus upgraded American Campus Communities from a “hold” rating to a “buy” rating in a research note on Thursday, October 26th. Hilliard Lyons upgraded American Campus Communities from a “neutral” rating to a “buy” rating in a research note on Thursday. Sandler O’Neill upgraded American Campus Communities from a “hold” rating to a “buy” rating and set a $45.00 target price for the company in a research note on Friday, January 12th. Citigroup reiterated a “neutral” rating on shares of American Campus Communities in a research note on Friday, October 27th. Finally, Bank of America lowered American Campus Communities from a “buy” rating to a “neutral” rating and set a $45.00 target price for the company. in a research note on Thursday, October 26th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and eleven have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $49.50.
Shares of American Campus Communities (NYSE ACC) traded up $0.68 during trading hours on Thursday, reaching $36.56. The company’s stock had a trading volume of 73,999 shares, compared to its average volume of 919,664. The firm has a market capitalization of $4,852.69, a price-to-earnings ratio of 71.76, a PEG ratio of 11.27 and a beta of 0.20. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.72 and a quick ratio of 0.72. American Campus Communities has a 12 month low of $34.52 and a 12 month high of $51.70.
American Campus Communities (NYSE:ACC) last announced its quarterly earnings results on Tuesday, February 20th. The real estate investment trust reported $0.72 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.01. The company had revenue of $227.60 million during the quarter, compared to analyst estimates of $200.28 million. American Campus Communities had a return on equity of 1.96% and a net margin of 8.67%. The firm’s revenue was up 11.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.65 earnings per share.
The company also recently announced a quarterly dividend, which was paid on Friday, February 16th. Shareholders of record on Friday, February 2nd were issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 4.81%. The ex-dividend date was Thursday, February 1st. American Campus Communities’s dividend payout ratio is presently 352.00%.
Large investors have recently added to or reduced their stakes in the business. CIBC Asset Management Inc bought a new position in American Campus Communities during the 3rd quarter worth approximately $202,000. Verition Fund Management LLC bought a new position in American Campus Communities during the 4th quarter worth approximately $205,000. Ladenburg Thalmann Financial Services Inc. lifted its holdings in American Campus Communities by 36.1% during the 4th quarter. Ladenburg Thalmann Financial Services Inc. now owns 5,475 shares of the real estate investment trust’s stock worth $224,000 after buying an additional 1,453 shares during the last quarter. Kayne Anderson Capital Advisors LP bought a new position in American Campus Communities during the 4th quarter worth approximately $234,000. Finally, Cipher Capital LP bought a new position in American Campus Communities during the 3rd quarter worth approximately $244,000.
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About American Campus Communities
American Campus Communities, Inc is a self-managed and self-administered equity real estate investment trust (REIT). The Company’s segments include Wholly-Owned Properties, On-Campus Participating Properties, Development Services, and Property Management Services. It is engaged in the acquisition, design, financing, development, construction management, leasing and management of student housing properties.
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