American Campus Communities (ACC) Posts Earnings Results, Beats Expectations By $0.01 EPS

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%.

Several equities research analysts recently issued reports on the company. Zacks Investment Research upgraded American Campus Communities from a “sell” rating to a “hold” rating in a research note on Monday, October 23rd. FBR & Co reiterated a “buy” rating and issued a $56.00 price target on shares of American Campus Communities in a research note on Tuesday, October 24th. B. Riley set a $56.00 price target on American Campus Communities and gave the company a “buy” rating in a research note on Thursday, December 7th. JPMorgan Chase & Co. cut American Campus Communities from a “neutral” rating to an “underweight” rating and set a $45.00 price target for the company. in a research note on Friday, December 15th. Finally, Bank of America cut American Campus Communities from a “buy” rating to a “neutral” rating and set a $45.00 price target for the company. in a research note on Thursday, October 26th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $49.50.

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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.

Earnings History for American Campus Communities (NYSE:ACC)

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