American Campus Communities Inc. (ACC) Releases FY13 Earnings Guidance
American Campus Communities Inc. (NYSE:ACC) issued an update on its FY13 earnings guidance on Wednesday morning. The company provided EPS guidance of $2.20-2.26 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.26, AnalystRatingsNetwork.com reports.
American Campus Communities Inc. (NYSE:ACC) traded up 2.75% on Wednesday, hitting $36.68. 818,749 shares of the company’s stock traded hands. American Campus Communities Inc. has a 52 week low of $32.34 and a 52 week high of $48.49. The stock’s 50-day moving average is $35. and its 200-day moving average is $41.07. The company has a market cap of $3.843 billion and a price-to-earnings ratio of 68.26.
American Campus Communities (NYSE:ACC) last issued its quarterly earnings data on Tuesday, July 23rd. The company reported $0.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.56 by $0.03. The company had revenue of $154.40 million for the quarter, compared to the consensus estimate of $155.36 million. During the same quarter last year, the company posted $0.49 earnings per share. American Campus Communities’s revenue was up 53.0% compared to the same quarter last year. Analysts expect that American Campus Communities Inc. will post $2.29 EPS for the current fiscal year.
A number of analysts have recently weighed in on ACC shares. Analysts at TheStreet downgraded shares of American Campus Communities (NYSE:ACC) from a buy rating to a hold rating in a research note to investors on Friday, August 9th. On a related note, analysts at Deutsche Bank cut their price target on shares of American Campus Communities (NYSE:ACC) from $48.00 to $44.00 in a research note to investors on Friday, July 26th. Finally, analysts at UBS AG cut their price target on shares of American Campus Communities (NYSE:ACC) to $46.00 in a research note to investors on Wednesday, July 24th.
One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company has a consensus rating of Buy and a consensus target price of $49.13.
In other American Campus Communities news, Director G Steven Dawson bought 5,000 shares of the stock in a transaction dated Friday, September 6th. The stock was purchased at an average price of $34.00 per share, with a total value of $170,000.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link.
American Campus Communities, Inc (NYSE:ACC) is a self-managed and self-administered real estate investment trust (REIT).
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