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

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Brokerages predict that American Campus Communities, Inc. (NYSE:ACC) will post earnings per share (EPS) of $0.44 for the current quarter, according to Zacks. Two analysts have made estimates for American Campus Communities’ earnings. The lowest EPS estimate is $0.42 and the highest is $0.45. American Campus Communities reported earnings of $0.43 per share during the same quarter last year, which indicates a positive year over year growth rate of 2.3%. The company is scheduled to issue its next earnings results after the market closes on Monday, October 22nd.

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

American Campus Communities (NYSE:ACC) last posted its earnings results on Monday, July 23rd. The real estate investment trust reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.01). The business had revenue of $190.20 million for the quarter, compared to analyst estimates of $190.23 million. American Campus Communities had a return on equity of 3.29% and a net margin of 12.97%. The firm’s revenue was up 11.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.53 earnings per share.

Several analysts recently issued reports on the company. Argus downgraded American Campus Communities from a “buy” rating to a “hold” rating in a research note on Wednesday, July 18th. Deutsche Bank boosted their price target on American Campus Communities from $42.00 to $45.00 and gave the company a “hold” rating in a research note on Wednesday, September 5th. Zacks Investment Research upgraded American Campus Communities from a “sell” rating to a “hold” rating in a research note on Thursday, October 4th. ValuEngine downgraded American Campus Communities from a “hold” rating to a “sell” rating in a research note on Tuesday, July 24th. Finally, TheStreet upgraded American Campus Communities from a “c” rating to a “b-” rating in a research note on Tuesday, July 24th. One research analyst has rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $45.75.

Shares of ACC stock traded down $0.32 during trading on Monday, reaching $39.20. 831,937 shares of the company’s stock were exchanged, compared to its average volume of 800,761. The company has a current ratio of 1.43, a quick ratio of 1.43 and a debt-to-equity ratio of 0.77. The firm has a market capitalization of $5.64 billion, a PE ratio of 16.97 and a beta of 0.14. American Campus Communities has a twelve month low of $34.52 and a twelve month high of $45.19.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Cbre Clarion Securities LLC bought a new stake in shares of American Campus Communities during the 2nd quarter valued at $114,290,000. Heitman Real Estate Securities LLC bought a new stake in shares of American Campus Communities during the 1st quarter valued at $38,628,000. Millennium Management LLC lifted its position in shares of American Campus Communities by 1,398.0% during the 1st quarter. Millennium Management LLC now owns 710,387 shares of the real estate investment trust’s stock valued at $27,435,000 after acquiring an additional 662,965 shares during the period. Jennison Associates LLC bought a new stake in shares of American Campus Communities during the 2nd quarter valued at $21,810,000. Finally, Sei Investments Co. lifted its position in shares of American Campus Communities by 6,984.9% during the 2nd quarter. Sei Investments Co. now owns 515,358 shares of the real estate investment trust’s stock valued at $22,098,000 after acquiring an additional 508,084 shares during the period. Institutional investors and hedge funds own 97.87% of the company’s stock.

About American Campus Communities

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.

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