American Campus Communities, Inc. (NYSE:ACC) Announces Dividend Increase – $0.47 Per Share

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American Campus Communities, Inc. (NYSE:ACC) announced a dividend on Thursday, October 31st, Fidelity reports. Investors of record on Monday, November 11th will be paid a dividend of 0.47 per share by the real estate investment trust on Friday, November 22nd. The ex-dividend date of this dividend is Thursday, November 7th. This is an increase from American Campus Communities’s previous dividend of $0.42.

Shares of NYSE:ACC traded down $0.93 during midday trading on Tuesday, reaching $48.76. 20,856 shares of the company’s stock were exchanged, compared to its average volume of 572,380. The firm’s 50 day simple moving average is $48.66 and its two-hundred day simple moving average is $47.41. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.31 and a quick ratio of 1.46. The stock has a market cap of $6.83 billion, a price-to-earnings ratio of 21.13 and a beta of 0.36. American Campus Communities has a fifty-two week low of $39.37 and a fifty-two week high of $50.94.

American Campus Communities (NYSE:ACC) last issued its quarterly earnings data on Monday, October 21st. The real estate investment trust reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.32). The business had revenue of $211.08 million for the quarter, compared to analyst estimates of $213.30 million. American Campus Communities had a return on equity of 2.73% and a net margin of 11.55%. The firm’s revenue for the quarter was up 4.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.44 earnings per share. Equities research analysts predict that American Campus Communities will post 2.43 earnings per share for the current fiscal year.

Several research firms have weighed in on ACC. Robert W. Baird lifted their target price on American Campus Communities from $50.00 to $52.00 and gave the company an “outperform” rating in a research report on Thursday, July 11th. Zacks Investment Research downgraded American Campus Communities from a “buy” rating to a “hold” rating in a research report on Tuesday, October 8th. ValuEngine downgraded American Campus Communities from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Argus raised American Campus Communities from a “hold” rating to a “buy” rating and set a $53.00 target price for the company in a research report on Wednesday, July 31st. Finally, Capital One Financial raised American Campus Communities from an “equal weight” rating to an “overweight” rating in a research report on Monday, July 8th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $50.60.

In other news, EVP Cardenas Jorge De sold 9,788 shares of American Campus Communities stock in a transaction dated Thursday, October 24th. The stock was sold at an average price of $50.06, for a total value of $489,987.28. Following the completion of the transaction, the executive vice president now owns 31,978 shares in the company, valued at approximately $1,600,818.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Oliver Luck sold 12,216 shares of American Campus Communities stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $48.05, for a total value of $586,978.80. Following the completion of the transaction, the director now owns 4,647 shares of the company’s stock, valued at approximately $223,288.35. The disclosure for this sale can be found here. Company insiders own 0.75% 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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Dividend History for American Campus Communities (NYSE:ACC)

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