American Campus Communities Inc (NYSE:ACC) Releases FY17 Earnings Guidance
American Campus Communities Inc (NYSE:ACC) updated its FY17 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of $2.34-2.44 for the period, compared to the Thomson Reuters consensus estimate of $2.37.
Several research analysts recently issued reports on the stock. Zacks Investment Research lowered shares of American Campus Communities from a buy rating to a hold rating in a research report on Friday, July 14th. BidaskClub lowered shares of American Campus Communities from a buy rating to a hold rating in a research report on Saturday, July 8th. FBR & Co reaffirmed a buy rating on shares of American Campus Communities in a report on Friday, May 19th. Evercore ISI raised shares of American Campus Communities from an underperform rating to an in-line rating and raised their price objective for the stock from $48.00 to $49.00 in a report on Monday, June 19th. Finally, JMP Securities raised shares of American Campus Communities from a market perform rating to an outperform rating and set a $55.00 price objective for the company in a report on Monday, July 10th. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. American Campus Communities has an average rating of Hold and an average price target of $52.25.
American Campus Communities Inc (NYSE:ACC) traded down 0.12% during mid-day trading on Monday, hitting $48.94. 636,905 shares of the stock traded hands. The firm has a market cap of $6.56 billion, a P/E ratio of 75.18 and a beta of 0.25. American Campus Communities Inc has a 52 week low of $44.65 and a 52 week high of $54.56. The firm’s 50-day moving average price is $47.58 and its 200-day moving average price is $48.10.
American Campus Communities (NYSE:ACC) last issued 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 company had revenue of $192.90 million during the quarter, compared to the consensus estimate of $183.61 million. During the same quarter in the prior year, the firm posted $0.62 EPS. The firm’s quarterly revenue was down 3.5% on a year-over-year basis. On average, equities analysts forecast that American Campus Communities Inc will post $0.85 earnings per share for the current fiscal year.
ILLEGAL ACTIVITY NOTICE: This piece of content was originally posted by American Banking News and is the sole property of of American Banking News. If you are reading this piece of content on another site, it was illegally stolen and reposted in violation of US & international copyright & trademark legislation. The original version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/07/24/american-campus-communities-inc-nyseacc-releases-fy17-earnings-guidance.html.
About American Campus Communities
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.
Receive News & Ratings for American Campus Communities Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Campus Communities Inc and related companies with MarketBeat.com's FREE daily email newsletter.