Insider Selling: Jason R. Wills Unloads 1,918 Shares of American Campus Communities Stock (ACC)
American Campus Communities (NYSE:ACC) SVP Jason R. Wills sold 1,918 shares of American Campus Communities stock in a transaction that occurred on Wednesday, August 27th. The stock was sold at an average price of $39.33, for a total value of $75,434.94. Following the transaction, the senior vice president now directly owns 11,061 shares in the company, valued at approximately $435,029. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
American Campus Communities (NYSE:ACC) traded up 0.15% on Thursday, hitting $39.49. 201,918 shares of the company’s stock traded hands. American Campus Communities has a 52 week low of $31.64 and a 52 week high of $40.74. The stock has a 50-day moving average of $39.16 and a 200-day moving average of $38.09. The company has a market cap of $4.144 billion and a price-to-earnings ratio of 35.68.
American Campus Communities (NYSE:ACC) last issued its quarterly earnings data on Tuesday, July 22nd. The company reported $0.58 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.56 by $0.02. The company had revenue of $171.98 million for the quarter, compared to the consensus estimate of $164.17 million. During the same quarter in the prior year, the company posted $0.53 earnings per share. The company’s quarterly revenue was up 12.2% on a year-over-year basis. On average, analysts predict that American Campus Communities will post $2.36 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, August 29th. Stockholders of record on Friday, August 15th will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 3.85%. The ex-dividend date of this dividend is Wednesday, August 13th.
Several analysts have recently commented on the stock. Analysts at Deutsche Bank raised their price target on shares of American Campus Communities from $36.00 to $40.00 in a research note on Wednesday, July 9th. They now have a “hold” rating on the stock. Analysts at JPMorgan Chase & Co. raised their price target on shares of American Campus Communities from $40.00 to $43.00 in a research note on Tuesday, June 24th. They now have a “neutral” rating on the stock.
American Campus Communities, Inc (NYSE:ACC) is a self-managed and self-administered real estate investment trust (REIT).
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