American Campus Communities, Inc. (ACC) Expected to Earn Q2 2018 Earnings of $0.53 Per Share

American Campus Communities, Inc. (NYSE:ACC) – Stock analysts at B. Riley lowered their Q2 2018 EPS estimates for shares of American Campus Communities in a report issued on Wednesday. B. Riley analyst D. Corak now anticipates that the real estate investment trust will post earnings per share of $0.53 for the quarter, down from their previous estimate of $0.56. B. Riley has a “Buy” rating and a $50.00 price objective 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.

American Campus Communities (NYSE:ACC) last posted its earnings results on Tuesday, February 20th. The real estate investment trust reported $0.72 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.71 by $0.01. American Campus Communities had a net margin of 8.67% and a return on equity of 1.96%. The firm had revenue of $227.60 million during the quarter, compared to the consensus estimate of $200.28 million. During the same period last year, the firm posted $0.65 EPS. The firm’s revenue for the quarter was up 11.6% on a year-over-year basis.

Other equities analysts also recently issued reports about the stock. Hilliard Lyons upgraded shares of American Campus Communities from a “neutral” rating to a “buy” rating and set a $41.00 target price for the company in a report on Thursday. Robert W. Baird dropped their target price on shares of American Campus Communities from $51.00 to $47.00 and set an “outperform” rating for the company in a report on Tuesday, October 31st. Zacks Investment Research downgraded shares of American Campus Communities from a “hold” rating to a “sell” rating in a report on Monday, October 30th. Citigroup reaffirmed a “neutral” rating on shares of American Campus Communities in a research note on Friday, October 27th. Finally, KeyCorp reaffirmed an “overweight” rating and set a $47.00 price target (down from $56.00) on shares of American Campus Communities in a research note on Wednesday, December 20th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and eleven have assigned a buy rating to the company. American Campus Communities has a consensus rating of “Buy” and a consensus price target of $48.73.

American Campus Communities (NYSE:ACC) traded up $0.61 during trading hours on Thursday, reaching $37.31. 152,164 shares of the company’s stock traded hands, compared to its average volume of 930,462. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.38 and a quick ratio of 0.72. American Campus Communities has a 52-week low of $34.52 and a 52-week high of $51.70. The stock has a market cap of $4,894.98, a P/E ratio of 74.32, a P/E/G ratio of 11.39 and a beta of 0.20.

Several institutional investors have recently added to or reduced their stakes in the business. Cohen & Steers Inc. boosted its holdings in shares of American Campus Communities by 20.2% during the third quarter. Cohen & Steers Inc. now owns 16,080,372 shares of the real estate investment trust’s stock valued at $709,948,000 after acquiring an additional 2,704,851 shares during the period. Green Street Investors LLC bought a new stake in American Campus Communities during the 4th quarter valued at approximately $1,723,000. Crossmark Global Holdings Inc. bought a new stake in American Campus Communities during the 3rd quarter valued at approximately $647,000. Sarasin & Partners LLP boosted its position in shares of American Campus Communities by 33.6% in the 3rd quarter. Sarasin & Partners LLP now owns 172,791 shares of the real estate investment trust’s stock worth $7,629,000 after purchasing an additional 43,418 shares in the last quarter. Finally, Stifel Financial Corp boosted its position in shares of American Campus Communities by 55.4% in the 3rd quarter. Stifel Financial Corp now owns 7,996 shares of the real estate investment trust’s stock worth $352,000 after purchasing an additional 2,850 shares in the last quarter.

The company also recently declared a quarterly dividend, which was paid on Friday, February 16th. Shareholders of record on Friday, February 2nd were paid a dividend of $0.44 per share. The ex-dividend date was Thursday, February 1st. This represents a $1.76 annualized dividend and a dividend yield of 4.72%. American Campus Communities’s dividend payout ratio is currently 352.00%.

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American Campus Communities Company Profile

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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