American Campus Communities Inc Expected to Post Q2 2018 Earnings of $0.56 Per Share (ACC)
American Campus Communities Inc (NYSE:ACC) – Analysts at FBR & Co reduced their Q2 2018 EPS estimates for American Campus Communities in a research report issued to clients and investors on Tuesday. FBR & Co analyst D. Corak now anticipates that the real estate investment trust will post earnings per share of $0.56 for the quarter, down from their prior forecast of $0.60. FBR & Co has a “Buy” rating on the stock. FBR & Co also issued estimates for American Campus Communities’ Q1 2019 earnings at $0.73 EPS, Q2 2019 earnings at $0.63 EPS and Q3 2019 earnings at $0.53 EPS.
Several other analysts also recently commented on the stock. KeyCorp reaffirmed a “buy” rating and issued a $56.00 price objective on shares of American Campus Communities in a report on Friday, August 25th. Hilliard Lyons upgraded shares of American Campus Communities from an “underperform” rating to a “neutral” rating in a research note on Friday, August 11th. Cantor Fitzgerald reissued an “overweight” rating on shares of American Campus Communities in a report on Thursday, August 10th. TheStreet cut shares of American Campus Communities from a “b” rating to a “c+” rating in a report on Monday, July 24th. Finally, Sandler O’Neill downgraded shares of 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 research report on Wednesday, July 26th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $53.71.
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Shares of American Campus Communities (NYSE ACC) traded up 0.3599% during trading on Wednesday, hitting $44.5899. 188,235 shares of the stock traded hands. The stock has a 50 day moving average of $47.15 and a 200 day moving average of $47.41. The firm has a market cap of $6.08 billion, a price-to-earnings ratio of 92.1279 and a beta of 0.26. American Campus Communities has a 52-week low of $43.98 and a 52-week high of $52.53.
American Campus Communities (NYSE:ACC) last released its quarterly earnings results 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). American Campus Communities had a net margin of 8.59% and a return on equity of 1.90%. The firm had revenue of $169.90 million for the quarter, compared to the consensus estimate of $169.50 million. During the same quarter in the prior year, the firm earned $0.54 earnings per share. The company’s revenue for the quarter was down 3.1% compared to the same quarter last year.
Several large investors have recently bought and sold shares of ACC. Raymond James Trust N.A. lifted its stake in shares of American Campus Communities by 6.6% in the 2nd quarter. Raymond James Trust N.A. now owns 4,567 shares of the real estate investment trust’s stock valued at $216,000 after purchasing an additional 283 shares during the period. Garner Asset Management Corp purchased a new stake in American Campus Communities during the second quarter worth $247,000. Bridgewater Wealth & Financial Management LLC boosted its holdings in American Campus Communities by 1.3% during the second quarter. Bridgewater Wealth & Financial Management LLC now owns 5,813 shares of the real estate investment trust’s stock worth $275,000 after buying an additional 75 shares in the last quarter. Stifel Financial Corp boosted its holdings in American Campus Communities by 5.6% during the first quarter. Stifel Financial Corp now owns 5,769 shares of the real estate investment trust’s stock worth $277,000 after buying an additional 308 shares in the last quarter. Finally, Verition Fund Management LLC purchased a new stake in American Campus Communities during the second quarter worth $282,000.
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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