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.
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%.
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.
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