American Campus Communities, Inc. (NYSE:ACC) is set to issue its quarterly earnings data on Monday, April 24th. American Campus Communities has set its FY17 guidance at $2.32-2.42 EPS.
American Campus Communities (NYSE:ACC) last issued its earnings results on Tuesday, February 21st. The real estate investment trust reported $0.65 EPS for the quarter, hitting analysts’ consensus estimates of $0.65. American Campus Communities had a return on equity of 3.11% and a net margin of 13.00%. The firm had revenue of $204 million for the quarter, compared to the consensus estimate of $195.84 million. During the same quarter in the prior year, the business earned $0.69 earnings per share. The company’s revenue was up .9% compared to the same quarter last year. On average, analysts expect American Campus Communities to post $0.86 EPS for the current fiscal year and $1.00 EPS for the next fiscal year.
Shares of American Campus Communities, Inc. (NYSE:ACC) traded down 0.06% during mid-day trading on Friday, hitting $49.60. The stock had a trading volume of 338,340 shares. American Campus Communities, Inc. has a 52-week low of $43.74 and a 52-week high of $54.56. The firm has a market cap of $6.61 billion, a PE ratio of 66.13 and a beta of 0.21. The firm has a 50 day moving average price of $47.83 and a 200 day moving average price of $48.53.
In related news, EVP James E. Wilhelm III sold 4,202 shares of American Campus Communities stock in a transaction that occurred on Wednesday, March 1st. The stock was sold at an average price of $50.54, for a total transaction of $212,369.08. Following the completion of the transaction, the executive vice president now directly owns 30,168 shares in the company, valued at approximately $1,524,690.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.65% of the company’s stock.
Several equities research analysts have recently commented on the company. Canaccord Genuity reissued a “buy” rating on shares of American Campus Communities in a research note on Friday, February 24th. FBR & Co reissued a “buy” rating and set a $56.00 price target on shares of American Campus Communities in a research note on Wednesday, February 22nd. Evercore ISI lowered American Campus Communities from a “hold” rating to an “underperform” rating in a research note on Friday, March 3rd. Finally, Zacks Investment Research upgraded American Campus Communities from a “sell” rating to a “hold” rating in a research report on Wednesday, February 22nd. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $52.00.
American Campus Communities Company Profile
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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