$222.65 Million in Sales Expected for American Campus Communities, Inc. (NYSE:ACC) This Quarter

Analysts expect that American Campus Communities, Inc. (NYSE:ACC) will report $222.65 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for American Campus Communities’ earnings. The lowest sales estimate is $221.30 million and the highest is $224.00 million. American Campus Communities reported sales of $202.68 million in the same quarter last year, which indicates a positive year over year growth rate of 9.9%. The business is scheduled to announce its next earnings results after the market closes on Monday, October 25th.

According to Zacks, analysts expect that American Campus Communities will report full-year sales of $917.85 million for the current fiscal year, with estimates ranging from $911.35 million to $923.40 million. For the next financial year, analysts forecast that the firm will post sales of $993.35 million, with estimates ranging from $982.34 million to $1.00 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that follow American Campus Communities.

American Campus Communities (NYSE:ACC) last posted its earnings results on Sunday, July 25th. The real estate investment trust reported ($0.07) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.44). American Campus Communities had a net margin of 1.31% and a return on equity of 0.29%.

Several equities research analysts recently commented on ACC shares. Piper Sandler raised shares of American Campus Communities from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $48.00 to $55.00 in a report on Friday, May 28th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of American Campus Communities from $51.00 to $58.00 and gave the stock a “buy” rating in a report on Thursday. The Goldman Sachs Group started coverage on shares of American Campus Communities in a report on Thursday. They issued a “buy” rating and a $57.00 price target for the company. Finally, Zacks Investment Research lowered shares of American Campus Communities from a “buy” rating to a “hold” rating in a report on Monday, August 2nd. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, American Campus Communities has an average rating of “Buy” and a consensus target price of $51.00.

Shares of ACC traded up $0.71 during trading hours on Thursday, hitting $50.14. The stock had a trading volume of 681,455 shares, compared to its average volume of 865,072. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.97 and a current ratio of 0.97. The firm has a 50-day moving average price of $49.86 and a 200 day moving average price of $47.31. American Campus Communities has a fifty-two week low of $32.85 and a fifty-two week high of $52.09. The firm has a market capitalization of $6.97 billion, a price-to-earnings ratio of 716.39, a PEG ratio of 0.74 and a beta of 0.95.

The company also recently declared a quarterly dividend, which was paid on Friday, August 27th. Stockholders of record on Monday, August 16th were given a dividend of $0.47 per share. The ex-dividend date was Friday, August 13th. This represents a $1.88 annualized dividend and a dividend yield of 3.75%. American Campus Communities’s payout ratio is 94.95%.

In other American Campus Communities news, EVP James E. Wilhelm III sold 4,742 shares of the company’s stock in a transaction dated Tuesday, July 20th. The shares were sold at an average price of $51.00, for a total value of $241,842.00. Following the transaction, the executive vice president now owns 46,892 shares of the company’s stock, valued at $2,391,492. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Cardenas Jorge De sold 8,555 shares of the company’s stock in a transaction dated Tuesday, August 3rd. The shares were sold at an average price of $49.75, for a total transaction of $425,611.25. Following the completion of the transaction, the executive vice president now directly owns 41,993 shares in the company, valued at approximately $2,089,151.75. The disclosure for this sale can be found here. Insiders own 0.95% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of American Campus Communities by 0.7% during the second quarter. Vanguard Group Inc. now owns 19,934,688 shares of the real estate investment trust’s stock worth $931,349,000 after purchasing an additional 135,474 shares in the last quarter. BlackRock Inc. increased its stake in shares of American Campus Communities by 1.6% during the first quarter. BlackRock Inc. now owns 16,448,552 shares of the real estate investment trust’s stock worth $710,084,000 after buying an additional 257,135 shares during the period. State Street Corp increased its stake in shares of American Campus Communities by 3.9% during the second quarter. State Street Corp now owns 6,209,695 shares of the real estate investment trust’s stock worth $290,117,000 after buying an additional 231,896 shares during the period. Alliancebernstein L.P. increased its stake in American Campus Communities by 2.4% in the second quarter. Alliancebernstein L.P. now owns 5,960,028 shares of the real estate investment trust’s stock valued at $278,453,000 after purchasing an additional 141,029 shares during the last quarter. Finally, Centersquare Investment Management LLC increased its stake in American Campus Communities by 230.2% in the first quarter. Centersquare Investment Management LLC now owns 5,393,515 shares of the real estate investment trust’s stock valued at $232,838,000 after purchasing an additional 3,759,884 shares during the last quarter. 91.32% of the stock is currently owned by institutional investors and hedge funds.

American Campus Communities Company Profile

American Campus Communities, Inc engages in the development, ownership, and management of student housing communities. It operates through the following segments: Owned Properties, On-Campus Participating Properties, Development Services, and Property Management Services. The Owned Properties segment refers to location with close proximity to the school campus, generally with pedestrian, bicycle, and university shuttle access.

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

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