American Campus Communities Inc (NYSE:ACC) – Investment analysts at FBR & Co cut their Q2 2017 earnings per share (EPS) estimates for shares of American Campus Communities in a research note issued on Monday. FBR & Co analyst D. Corak now anticipates that the real estate investment trust will post earnings of $0.53 per share for the quarter, down from their previous estimate of $0.55. FBR & Co currently has a “Buy” rating on the stock. FBR & Co also issued estimates for American Campus Communities’ Q3 2017 earnings at $0.47 EPS, Q4 2017 earnings at $0.73 EPS, Q2 2018 earnings at $0.60 EPS, Q3 2018 earnings at $0.50 EPS and Q4 2018 earnings at $0.75 EPS.
American Campus Communities (NYSE:ACC) last issued its quarterly earnings data on Monday, April 24th. The real estate investment trust reported $0.62 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.62. American Campus Communities had a return on equity of 2.53% and a net margin of 11.23%. The company had revenue of $192.90 million during the quarter, compared to the consensus estimate of $183.61 million. During the same period last year, the company earned $0.62 earnings per share. The firm’s revenue was down 3.5% compared to the same quarter last year.
ACC has been the subject of several other reports. Canaccord Genuity restated a “buy” rating on shares of American Campus Communities in a report on Friday, February 24th. Zacks Investment Research upgraded American Campus Communities from a “sell” rating to a “hold” rating in a report on Wednesday, February 22nd. Evercore ISI cut American Campus Communities from a “hold” rating to an “underperform” rating in a report on Friday, March 3rd. Finally, BidaskClub upgraded American Campus Communities from a “hold” rating to a “buy” rating in a report on Saturday, June 17th. One analyst has rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $51.63.
American Campus Communities (ACC) opened at 48.33 on Tuesday. The stock’s 50 day moving average price is $47.01 and its 200-day moving average price is $48.17. American Campus Communities has a 12 month low of $44.65 and a 12 month high of $54.56. The company has a market capitalization of $6.48 billion, a P/E ratio of 74.24 and a beta of 0.26.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its position in American Campus Communities by 4,342.4% in the first quarter. BlackRock Inc. now owns 15,387,072 shares of the real estate investment trust’s stock worth $732,271,000 after buying an additional 15,040,705 shares during the last quarter. Brookfield Asset Management Inc. acquired a new position in American Campus Communities during the fourth quarter worth approximately $101,919,000. Norges Bank acquired a new position in American Campus Communities during the fourth quarter worth approximately $57,592,000. Vanguard Group Inc. raised its position in American Campus Communities by 3.2% in the first quarter. Vanguard Group Inc. now owns 20,785,614 shares of the real estate investment trust’s stock worth $989,187,000 after buying an additional 651,470 shares during the last quarter. Finally, Wells Fargo & Company MN raised its position in American Campus Communities by 8.3% in the first quarter. Wells Fargo & Company MN now owns 2,855,324 shares of the real estate investment trust’s stock worth $135,884,000 after buying an additional 218,332 shares during the last quarter.
The firm also recently declared a quarterly dividend, which was paid on Friday, May 26th. Shareholders of record on Monday, May 15th were given a dividend of $0.44 per share. This is a positive change from American Campus Communities’s previous quarterly dividend of $0.42. The ex-dividend date was Thursday, May 11th. This represents a $1.76 dividend on an annualized basis and a yield of 3.64%. American Campus Communities’s dividend payout ratio is presently 270.77%.
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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