Brokerages forecast that American Campus Communities, Inc. (NYSE:ACC) will report $0.66 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for American Campus Communities’ earnings, with the lowest EPS estimate coming in at $0.65 and the highest estimate coming in at $0.67. American Campus Communities reported earnings of $0.62 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 6.5%. The business is expected to issue its next earnings report on Monday, April 22nd.
On average, analysts expect that American Campus Communities will report full year earnings of $2.43 per share for the current fiscal year, with EPS estimates ranging from $2.41 to $2.44. For the next year, analysts expect that the company will post earnings of $2.55 per share. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for American Campus Communities.
American Campus Communities (NYSE:ACC) last posted its earnings results on Tuesday, February 19th. The real estate investment trust reported $0.72 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.01). American Campus Communities had a net margin of 13.29% and a return on equity of 3.11%. The firm had revenue of $245.87 million during the quarter, compared to the consensus estimate of $226.83 million. During the same quarter last year, the firm posted $0.72 EPS. The business’s revenue was up 8.0% on a year-over-year basis.
A number of research firms have recently issued reports on ACC. Zacks Investment Research upgraded shares of American Campus Communities from a “sell” rating to a “hold” rating in a research note on Tuesday, February 5th. TheStreet upgraded shares of American Campus Communities from a “c” rating to a “b-” rating in a research note on Wednesday, February 20th. ValuEngine upgraded shares of American Campus Communities from a “hold” rating to a “buy” rating in a research note on Friday, December 7th. JPMorgan Chase & Co. upgraded shares of American Campus Communities from an “underweight” rating to a “neutral” rating in a research note on Wednesday, December 19th. Finally, Capital One Financial reiterated an “equal weight” rating on shares of American Campus Communities in a research note on Sunday, November 18th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $44.42.
Shares of NYSE:ACC traded down $0.48 during trading on Friday, reaching $44.58. The stock had a trading volume of 14,450 shares, compared to its average volume of 930,895. American Campus Communities has a 52 week low of $35.88 and a 52 week high of $46.40. The company has a current ratio of 1.30, a quick ratio of 1.57 and a debt-to-equity ratio of 0.85. The stock has a market capitalization of $6.17 billion, a P/E ratio of 19.31 and a beta of 0.49.
The business also recently declared a quarterly dividend, which was paid on Friday, February 15th. Investors of record on Friday, February 1st were issued a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 4.13%. The ex-dividend date of this dividend was Thursday, January 31st. American Campus Communities’s dividend payout ratio is currently 79.65%.
Several institutional investors have recently modified their holdings of ACC. We Are One Seven LLC acquired a new stake in shares of American Campus Communities in the fourth quarter valued at approximately $32,000. Cutler Group LP increased its holdings in shares of American Campus Communities by 476.2% in the fourth quarter. Cutler Group LP now owns 790 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 1,000 shares in the last quarter. JOYN Advisors Inc. increased its holdings in shares of American Campus Communities by 143.9% in the fourth quarter. JOYN Advisors Inc. now owns 912 shares of the real estate investment trust’s stock valued at $38,000 after purchasing an additional 538 shares in the last quarter. Ipswich Investment Management Co. Inc. acquired a new stake in shares of American Campus Communities in the fourth quarter valued at approximately $41,000. Finally, Oregon Public Employees Retirement Fund increased its holdings in shares of American Campus Communities by 4,039.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,240,358 shares of the real estate investment trust’s stock valued at $54,000 after purchasing an additional 2,186,230 shares in the last quarter. 98.59% of the stock is owned by institutional investors and hedge funds.
American Campus Communities Company Profile
American Campus Communities, Inc is the largest owner, manager and developer of high-quality student housing communities in the United States. The company is a fully integrated, self-managed and self-administered equity real estate investment trust (REIT) with expertise in the design, finance, development, construction management and operational management of student housing properties.
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