Zacks: Brokerages Expect American Campus Communities, Inc. (ACC) to Announce $0.73 Earnings Per Share

Wall Street analysts expect American Campus Communities, Inc. (NYSE:ACC) to report earnings per share (EPS) of $0.73 for the current quarter, Zacks Investment Research reports. Two analysts have issued estimates for American Campus Communities’ earnings, with estimates ranging from $0.72 to $0.74. American Campus Communities posted earnings per share of $0.72 in the same quarter last year, which indicates a positive year-over-year growth rate of 1.4%. The company is expected to issue its next earnings report on Tuesday, February 19th.

On average, analysts expect that American Campus Communities will report full year earnings of $2.31 per share for the current financial year, with EPS estimates ranging from $2.31 to $2.33. For the next fiscal year, analysts anticipate that the business will report earnings of $2.44 per share, with EPS estimates ranging from $2.40 to $2.53. Zacks’ earnings per share averages are a mean average based on a survey of research analysts that follow American Campus Communities.

American Campus Communities (NYSE:ACC) last posted its quarterly earnings data on Monday, October 22nd. The real estate investment trust reported ($0.02) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.43 by ($0.45). American Campus Communities had a net margin of 12.60% and a return on equity of 3.25%. The firm had revenue of $213.50 million during the quarter, compared to analyst estimates of $201.92 million. During the same period in the prior year, the company posted $0.43 earnings per share. The firm’s revenue for the quarter was up 8.4% compared to the same quarter last year.

ACC has been the subject of several recent research reports. Zacks Investment Research raised American Campus Communities from a “sell” rating to a “hold” rating in a research note on Tuesday, August 21st. Deutsche Bank increased their price objective on American Campus Communities from $42.00 to $45.00 and gave the company a “hold” rating in a research note on Wednesday, September 5th. ValuEngine raised American Campus Communities from a “sell” rating to a “hold” rating in a research note on Wednesday, September 12th. JMP Securities reissued a “buy” rating and issued a $49.00 price objective on shares of American Campus Communities in a research note on Tuesday, October 16th. Finally, TheStreet downgraded American Campus Communities from a “b-” rating to a “c” rating in a research note on Monday, October 22nd. One analyst has rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $44.75.

NYSE ACC traded up $0.37 during mid-day trading on Friday, hitting $43.83. The stock had a trading volume of 982,323 shares, compared to its average volume of 581,935. American Campus Communities has a twelve month low of $34.52 and a twelve month high of $44.10. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.57 and a current ratio of 1.57. The company has a market cap of $5.96 billion, a P/E ratio of 18.97 and a beta of 0.20.

The business also recently announced a quarterly dividend, which was paid on Monday, November 26th. Shareholders of record on Monday, November 12th were issued a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 4.20%. The ex-dividend date was Thursday, November 8th. American Campus Communities’s payout ratio is currently 79.65%.

In other American Campus Communities news, EVP Cardenas Jorge De sold 11,262 shares of the company’s stock in a transaction on Tuesday, November 27th. The stock was sold at an average price of $43.07, for a total value of $485,054.34. Following the completion of the sale, the executive vice president now directly owns 32,466 shares in the company, valued at approximately $1,398,310.62. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 0.67% of the stock is owned by corporate insiders.

Large investors have recently modified their holdings of the business. CIBC Asset Management Inc purchased a new stake in American Campus Communities in the 2nd quarter valued at $210,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in American Campus Communities in the 2nd quarter valued at $223,000. Point72 Hong Kong Ltd purchased a new position in shares of American Campus Communities during the 2nd quarter worth $243,000. Qube Research & Technologies Ltd purchased a new position in shares of American Campus Communities during the 2nd quarter worth $245,000. Finally, Global X Management Co LLC grew its holdings in shares of American Campus Communities by 32.9% during the 2nd quarter. Global X Management Co LLC now owns 5,762 shares of the real estate investment trust’s stock worth $247,000 after purchasing an additional 1,427 shares during the period.

About American Campus Communities

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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