American Campus Communities (NYSE:ACC) posted its quarterly earnings results on Tuesday. The real estate investment trust reported $0.72 EPS for the quarter, beating the consensus estimate of $0.71 by $0.01, Bloomberg Earnings reports. The firm had revenue of $227.60 million during the quarter, compared to analysts’ expectations of $200.28 million. American Campus Communities had a return on equity of 1.58% and a net margin of 7.16%. The company’s revenue for the quarter was up 11.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.65 EPS. American Campus Communities updated its FY18 guidance to $2.33-2.43 EPS.
American Campus Communities (ACC) opened at $35.57 on Wednesday. American Campus Communities has a twelve month low of $34.52 and a twelve month high of $51.70. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.79. The stock has a market capitalization of $5,016.40, a P/E ratio of 86.76, a PEG ratio of 11.65 and a beta of 0.20.
The business also recently announced a quarterly dividend, which was paid on Friday, February 16th. Stockholders of record on Friday, February 2nd were issued a $0.44 dividend. The ex-dividend date was Thursday, February 1st. This represents a $1.76 dividend on an annualized basis and a dividend yield of 4.95%. American Campus Communities’s payout ratio is presently 429.28%.
Several equities analysts have commented on the company. B. Riley set a $50.00 price target on American Campus Communities and gave the company a “buy” rating in a report on Wednesday. Sandler O’Neill raised American Campus Communities from a “hold” rating to a “buy” rating and set a $45.00 price target for the company in a report on Friday, January 12th. Zacks Investment Research cut American Campus Communities from a “hold” rating to a “sell” rating in a report on Tuesday, January 2nd. KeyCorp reaffirmed an “overweight” rating and issued a $47.00 price target (down previously from $56.00) on shares of American Campus Communities in a report on Wednesday, December 20th. Finally, 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 report on Friday, December 15th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and ten have issued a buy rating to the company. American Campus Communities has an average 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.
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