Q2 2018 EPS Estimates for American Campus Communities, Inc. (ACC) Cut by B. Riley

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.

Earnings History and Estimates for American Campus Communities (NYSE:ACC)

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