American Campus Communities (ACC) Issues Quarterly Earnings Results

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.

Earnings History for American Campus Communities (NYSE:ACC)

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