Campus Crest Communities (CCG) Posts Quarterly Earnings, Hits Estimates
Campus Crest Communities (NYSE:CCG) released its earnings data on Tuesday. The company reported $0.17 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.17, Analyst Ratings Net reports. The company had revenue of $32.04 million for the quarter, compared to the consensus estimate of $24.62 million.
Shares of Campus Crest Communities (NYSE:CCG) traded down 0.92% during mid-day trading on Tuesday, hitting $8.61. The stock had a trading volume of 420,899 shares. Campus Crest Communities has a 52 week low of $8.14 and a 52 week high of $13.85. The stock has a 50-day moving average of $8.59 and a 200-day moving average of $9.21. The company’s market cap is $555.3 million.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, July 9th. Investors of record on Wednesday, June 25th will be given a dividend of $0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 7.67%. The ex-dividend date of this dividend is Monday, June 23rd.
A number of analysts have recently weighed in on CCG shares. Analysts at Barclays cut their price target on shares of Campus Crest Communities from $11.00 to $10.00 in a research note on Monday, April 14th. They now have an “equal weight” rating on the stock. On a related note, analysts at RBC Capital cut their price target on shares of Campus Crest Communities from $11.00 to $9.00 in a research note on Wednesday, March 5th. Finally, analysts at Bank of America downgraded shares of Campus Crest Communities to a “neutral” rating in a research note on Thursday, February 27th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Campus Crest Communities currently has an average rating of “Hold” and an average target price of $10.35.
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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