American Campus Communities Inc (ACC) Expected to Announce Earnings of $0.48 Per Share

Wall Street brokerages expect that American Campus Communities Inc (NYSE:ACC) will report $0.48 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for American Campus Communities’ earnings. The lowest EPS estimate is $0.46 and the highest is $0.49. American Campus Communities reported earnings of $0.07 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 585.7%. The business is scheduled to report its next earnings results on Monday, October 23rd.

According to Zacks, analysts expect that American Campus Communities will report full-year earnings of $2.35 per share for the current fiscal year, with EPS estimates ranging from $2.31 to $2.37. For the next financial year, analysts forecast that the company will report earnings of $2.55 per share, with EPS estimates ranging from $2.50 to $2.59. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for American Campus Communities.

American Campus Communities (NYSE:ACC) last issued its quarterly earnings data on Monday, July 24th. The real estate investment trust reported $0.53 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.54 by ($0.01). American Campus Communities had a return on equity of 1.90% and a net margin of 8.59%. The firm had revenue of $169.90 million during the quarter, compared to analyst estimates of $169.50 million. During the same quarter in the previous year, the firm posted $0.54 earnings per share. American Campus Communities’s quarterly revenue was down 3.1% compared to the same quarter last year.

ACC has been the topic of several analyst reports. Zacks Investment Research raised American Campus Communities from a “hold” rating to a “buy” rating and set a $54.00 price target on the stock in a research report on Wednesday, June 28th. BidaskClub raised American Campus Communities from a “hold” rating to a “buy” rating in a research report on Saturday, June 17th. Canaccord Genuity reaffirmed a “buy” rating and set a $56.00 price target on shares of American Campus Communities in a research report on Monday, July 24th. KeyCorp reaffirmed a “buy” rating and set a $56.00 price target on shares of American Campus Communities in a research report on Friday, August 25th. Finally, TheStreet downgraded American Campus Communities from a “b” rating to a “c+” rating in a research report on Monday, July 24th. Five investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $53.13.

Shares of American Campus Communities (NYSE:ACC) traded up 0.92% during mid-day trading on Friday, hitting $48.21. 130,732 shares of the stock were exchanged. The company has a market capitalization of $6.58 billion, a PE ratio of 99.61 and a beta of 0.25. The firm has a 50-day moving average price of $47.61 and a 200 day moving average price of $47.51. American Campus Communities has a 12-month low of $44.65 and a 12-month high of $52.53.

The firm also recently announced a quarterly dividend, which was paid on Friday, August 25th. Stockholders of record on Monday, August 14th were given a dividend of $0.44 per share. The ex-dividend date was Thursday, August 10th. This is a boost from American Campus Communities’s previous quarterly dividend of $0.42. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.68%. American Campus Communities’s dividend payout ratio (DPR) is 359.18%.

Large investors have recently bought and sold shares of the company. Israel Discount Bank of New York acquired a new stake in shares of American Campus Communities during the 1st quarter valued at about $116,000. Raymond James Trust N.A. grew its position in shares of American Campus Communities by 6.6% during the 2nd quarter. Raymond James Trust N.A. now owns 4,567 shares of the real estate investment trust’s stock valued at $216,000 after acquiring an additional 283 shares during the period. Garner Asset Management Corp acquired a new stake in shares of American Campus Communities during the 2nd quarter valued at about $247,000. Bridgewater Wealth & Financial Management LLC grew its position in shares of American Campus Communities by 1.3% during the 2nd quarter. Bridgewater Wealth & Financial Management LLC now owns 5,813 shares of the real estate investment trust’s stock valued at $275,000 after acquiring an additional 75 shares during the period. Finally, Stifel Financial Corp grew its position in shares of American Campus Communities by 5.6% during the 1st quarter. Stifel Financial Corp now owns 5,769 shares of the real estate investment trust’s stock valued at $277,000 after acquiring an additional 308 shares during the period.

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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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Earnings History and Estimates for American Campus Communities (NYSE:ACC)

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