FY2019 Earnings Estimate for American Campus Communities Inc Issued By FBR & Co (ACC)
American Campus Communities Inc (NYSE:ACC) – Equities research analysts at FBR & Co raised their FY2019 earnings per share (EPS) estimates for American Campus Communities in a report issued on Wednesday. FBR & Co analyst D. Corak now forecasts that the real estate investment trust will post earnings per share of $2.73 for the year, up from their previous forecast of $2.72. FBR & Co currently has a “Buy” rating on the stock.
American Campus Communities (NYSE:ACC) last released its quarterly earnings data on Monday, July 24th. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.54 by $0.01. The firm had revenue of $169.90 million during the quarter, compared to the consensus estimate of $169.50 million. American Campus Communities had a return on equity of 1.90% and a net margin of 8.59%. The business’s revenue was down 3.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.54 EPS. ILLEGAL ACTIVITY WARNING: “FY2019 Earnings Estimate for American Campus Communities Inc Issued By FBR & Co (ACC)” was first published by American Banking News and is the property of of American Banking News. If you are accessing this story on another website, it was illegally copied and reposted in violation of United States and international copyright law. The original version of this story can be viewed at https://www.americanbankingnews.com/2017/07/27/fy2019-earnings-estimate-for-american-campus-communities-inc-issued-by-fbr-co-acc.html.
Several other research firms have also recently issued reports on ACC. JMP Securities raised American Campus Communities from a “market perform” rating to an “outperform” rating and set a $55.00 target price for the company in a research note on Monday, July 10th. Canaccord Genuity reaffirmed a “buy” rating and issued a $56.00 price objective on shares of American Campus Communities in a research note on Monday. Sandler O’Neill lowered American Campus Communities from a “buy” rating to a “hold” rating and decreased their target price for the company from $55.00 to $50.00 in a report on Wednesday. BidaskClub upgraded American Campus Communities from a “hold” rating to a “buy” rating in a report on Tuesday. Finally, TheStreet lowered American Campus Communities from a “b” rating to a “c+” rating in a report on Monday. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. American Campus Communities presently has an average rating of “Hold” and a consensus target price of $51.67.
American Campus Communities (ACC) traded up 0.32% during trading on Thursday, hitting $47.63. The stock had a trading volume of 320,137 shares. The company’s 50 day moving average is $47.67 and its 200-day moving average is $48.05. The company has a market cap of $6.39 billion, a PE ratio of 73.16 and a beta of 0.25. American Campus Communities has a 12 month low of $44.65 and a 12 month high of $54.56.
Several hedge funds and other institutional investors have recently modified their holdings of ACC. Israel Discount Bank of New York purchased a new stake in American Campus Communities during the first quarter worth approximately $116,000. Stifel Financial Corp increased its stake in shares of American Campus Communities by 5.6% in the first quarter. Stifel Financial Corp now owns 5,769 shares of the real estate investment trust’s stock valued at $277,000 after buying an additional 308 shares in the last quarter. Sprott Inc. bought a new stake in shares of American Campus Communities during the first quarter valued at about $339,000. Quantbot Technologies LP bought a new stake in shares of American Campus Communities during the first quarter valued at about $382,000. Finally, First Citizens Bank & Trust Co. bought a new stake in shares of American Campus Communities during the first quarter valued at about $398,000.
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.
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