Campus Crest Communities Inc. Reaches New 12-Month Low at $9.79 (CCG)
Campus Crest Communities (NYSE:CCG)’s share price reached a new 52-week low during trading hours on Thursday, Analyst Ratings Network.com reports. The company traded as low as $9.79 and last traded at $9.95, with a volume of 825,945 shares traded. The stock had previously closed at $10.15.
Several analysts have recently commented on the stock. Analysts at Barclays initiated coverage on shares of Campus Crest Communities in a research note to investors on Tuesday. They set an “equal weight” rating and a $12.00 price target on the stock. Separately, analysts at Zacks downgraded shares of Campus Crest Communities from a “neutral” rating to an “underperform” rating in a research note to investors on Tuesday, October 22nd. They now have a $9.70 price target on the stock. Finally, analysts at MLV Capital cut their price target on shares of Campus Crest Communities from $15.00 to $13.00 in a research note to investors on Monday, October 7th. They now have a “buy” rating on the stock. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $12.86.
Campus Crest Communities has a 52 week low of $10.10 and a 52 week high of $14.36. The stock’s 50-day moving average is $10.43 and its 200-day moving average is $11.64. The company has a market cap of $645.8 million and a price-to-earnings ratio of 37.87.
Campus Crest Communities (NYSE:CCG) last released its earnings data on Wednesday, October 30th. The company reported $0.19 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.23 by $0.04. The company had revenue of $40.25 million for the quarter, compared to the consensus estimate of $24.81 million. On average, analysts predict that Campus Crest Communities will post $0.84 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, January 8th. Investors of record on Monday, December 23rd will be paid a dividend of $0.17 per share. This represents a $0.66 annualized dividend and a dividend yield of 6.59%. The ex-dividend date is Thursday, December 19th.
Campus Crest Communities, Inc is a self-managed, self-administered and vertically-integrated developer, builder, owner and manager of purpose-built student housing properties in the United States.
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