American Campus Communities, Inc. (ACC) Expected to Post Earnings of $0.44 Per Share

Wall Street brokerages expect American Campus Communities, Inc. (NYSE:ACC) to announce earnings per share (EPS) of $0.44 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for American Campus Communities’ earnings, with estimates ranging from $0.42 to $0.45. American Campus Communities reported earnings of $0.43 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 2.3%. The business is expected to report its next earnings results after the market closes on Monday, October 22nd.

According to Zacks, analysts expect that American Campus Communities will report full year earnings of $2.32 per share for the current fiscal year, with EPS estimates ranging from $2.29 to $2.37. For the next financial year, analysts forecast that the firm will post earnings of $2.47 per share, with EPS estimates ranging from $2.43 to $2.53. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that cover American Campus Communities.

American Campus Communities (NYSE:ACC) last posted its quarterly earnings data on Monday, July 23rd. The real estate investment trust reported $0.52 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.53 by ($0.01). The firm had revenue of $190.20 million during the quarter, compared to analysts’ expectations of $190.23 million. American Campus Communities had a net margin of 12.97% and a return on equity of 3.29%. The company’s quarterly revenue was up 11.9% on a year-over-year basis. During the same quarter last year, the business posted $0.53 EPS.

A number of research analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of American Campus Communities from a “hold” rating to a “sell” rating in a research report on Monday, August 27th. TheStreet raised shares of American Campus Communities from a “c” rating to a “b-” rating in a research report on Tuesday, July 24th. ValuEngine raised shares of American Campus Communities from a “sell” rating to a “hold” rating in a research report on Wednesday, September 12th. Finally, Bank of America raised shares of American Campus Communities from a “neutral” rating to a “buy” rating and increased their target price for the company from $43.00 to $46.50 in a research report on Thursday, June 14th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and seven have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $45.75.

American Campus Communities stock opened at $41.00 on Monday. American Campus Communities has a twelve month low of $34.52 and a twelve month high of $45.50. The company has a market cap of $5.64 billion, a PE ratio of 17.75 and a beta of 0.14. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.77.

Institutional investors have recently added to or reduced their stakes in the company. Marshall Wace LLP bought a new position in shares of American Campus Communities during the 2nd quarter valued at approximately $6,674,000. Allianz Asset Management GmbH bought a new position in American Campus Communities in the 1st quarter worth approximately $6,596,000. Chartwell Investment Partners LLC boosted its holdings in American Campus Communities by 65.4% in the 2nd quarter. Chartwell Investment Partners LLC now owns 47,045 shares of the real estate investment trust’s stock worth $2,017,000 after buying an additional 18,600 shares during the period. Sand Hill Global Advisors LLC bought a new position in American Campus Communities in the 2nd quarter worth approximately $380,000. Finally, Principal Financial Group Inc. boosted its holdings in American Campus Communities by 2.6% in the 1st quarter. Principal Financial Group Inc. now owns 610,820 shares of the real estate investment trust’s stock worth $23,590,000 after buying an additional 15,608 shares during the period. 97.87% of the stock is owned by hedge funds and other institutional investors.

American Campus Communities Company Profile

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.

See Also: Short Selling Stocks, A Beginner’s Guide

Get a free copy of the Zacks research report on American Campus Communities (ACC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for American Campus Communities Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Campus Communities and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply