American Campus Communities Inc (NYSE:ACC) to Release Earnings on Monday
American Campus Communities Inc (NYSE:ACC) will be releasing its earnings data after the market closes on Monday, July 24th. Analysts expect American Campus Communities to post earnings of $0.17 per share for the quarter. American Campus Communities has set its FY17 guidance at $2.32-2.42 EPS.
American Campus Communities (NYSE:ACC) last posted its quarterly earnings results on Monday, April 24th. The real estate investment trust reported $0.62 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.62. American Campus Communities had a net margin of 11.23% and a return on equity of 2.53%. The business had revenue of $192.90 million for the quarter, compared to analysts’ expectations of $183.61 million. During the same period in the prior year, the company posted $0.62 EPS. The business’s revenue for the quarter was down 3.5% on a year-over-year basis. On average, analysts expect American Campus Communities to post $2.37 EPS for the current fiscal year and $2.58 EPS for the next fiscal year.
American Campus Communities Inc (NYSE ACC) opened at 47.21 on Monday. American Campus Communities Inc has a 1-year low of $44.65 and a 1-year high of $54.56. The stock’s 50 day moving average is $47.40 and its 200-day moving average is $48.23. The firm has a market capitalization of $6.33 billion, a PE ratio of 72.52 and a beta of 0.25.
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A number of brokerages recently weighed in on ACC. Zacks Investment Research cut shares of American Campus Communities from a “buy” rating to a “hold” rating in a research note on Friday. JMP Securities upgraded shares of American Campus Communities from a “market perform” rating to an “outperform” rating and set a $55.00 price objective on the stock in a research note on Monday, July 10th. BidaskClub cut shares of American Campus Communities from a “buy” rating to a “hold” rating in a research note on Saturday, July 8th. Evercore ISI upgraded shares of American Campus Communities from an “underperform” rating to an “in-line” rating and lifted their price objective for the company from $48.00 to $49.00 in a research note on Monday, June 19th. Finally, FBR & Co restated a “buy” rating on shares of American Campus Communities in a research note on Friday, May 19th. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $52.25.
American Campus Communities Company Profile
American Campus Communities, Inc is a self-managed and self-administered equity real estate investment trust (REIT). The Company’s segments include Wholly-Owned Properties, On-Campus Participating Properties, Development Services, and Property Management Services. It is engaged in the acquisition, design, financing, development, construction management, leasing and management of student housing properties.
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