American Campus Communities (NYSE:ACC) issued its quarterly earnings data on Tuesday. The real estate investment trust reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.71 by $0.01, Bloomberg Earnings reports. American Campus Communities had a return on equity of 1.58% and a net margin of 7.16%. The company had revenue of $227.60 million during the quarter, compared to analysts’ expectations of $200.28 million. During the same quarter in the previous year, the company posted $0.65 earnings per share. The business’s revenue was up 11.6% on a year-over-year basis. American Campus Communities updated its FY18 guidance to $2.33-2.43 EPS.
Shares of American Campus Communities (NYSE ACC) traded down $1.20 on Tuesday, reaching $35.57. 1,432,813 shares of the company’s stock traded hands, compared to its average volume of 915,124. American Campus Communities has a 1-year low of $34.52 and a 1-year high of $51.70. The firm has a market capitalization of $5,016.40, a P/E ratio of 87.05, a P/E/G ratio of 11.65 and a beta of 0.20. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 0.79.
The company also recently disclosed a quarterly dividend, which was paid on Friday, February 16th. Shareholders of record on Friday, February 2nd were given a dividend of $0.44 per share. The ex-dividend date was Thursday, February 1st. This represents a $1.76 annualized dividend and a yield of 4.95%. American Campus Communities’s dividend payout ratio is currently 429.28%.
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.
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