Campus Crest Communities (CCG) Posts Quarterly Results
Campus Crest Communities (NYSE:CCG) posted its quarterly earnings results on Thursday. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by $0.03, Stock Ratings Network.com reports. The company had revenue of $35.25 million for the quarter, compared to the consensus estimate of $24.26 million. The company’s revenue for the quarter was down 3.5% on a year-over-year basis.
Campus Crest Communities (NYSE:CCG) traded down 6.98% on Thursday, hitting $8.065. The stock had a trading volume of 1,489,364 shares. Campus Crest Communities has a 1-year low of $8.14 and a 1-year high of $11.53. The stock has a 50-day moving average of $8.77 and a 200-day moving average of $8.78. The company’s market cap is $521.9 million.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, October 8th. Shareholders of record on Wednesday, September 24th will be paid a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 7.61%. The ex-dividend date is Monday, September 22nd.
Several analysts have recently commented on the stock. Analysts at Wunderlich downgraded shares of Campus Crest Communities from a “buy” rating to a “hold” rating in a research note on Thursday. They now have a $9.00 price target on the stock, down previously from $10.00. On a related note, analysts at Barclays raised their price target on shares of Campus Crest Communities from $10.00 to $11.00 in a research note on Monday, July 21st. They now have an “equal weight” rating on the stock. Finally, analysts at Bank of America downgraded shares of Campus Crest Communities from a “neutral” rating to an “underperform” rating in a research note on Friday, June 13th. They now have a $8.00 price target on the stock, down previously from $9.00. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $9.80.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.