American Campus Communities Inc (NYSE:ACC) – FBR & Co decreased their Q3 2018 earnings per share estimates for shares of American Campus Communities in a report released on Tuesday. FBR & Co analyst D. Corak now expects that the real estate investment trust will post earnings per share of $0.49 for the quarter, down from their previous estimate of $0.53. FBR & Co has a “Buy” rating on the stock. FBR & Co also issued estimates for American Campus Communities’ Q4 2018 earnings at $0.77 EPS, FY2018 earnings at $2.50 EPS and FY2019 earnings at $2.69 EPS.

A number of other research firms have also weighed in on ACC. KeyCorp reissued a “buy” rating and set a $56.00 target price on shares of American Campus Communities in a research report on Friday, August 25th. Hilliard Lyons raised shares of American Campus Communities from an “underperform” rating to a “neutral” rating in a research report on Friday, August 11th. Cantor Fitzgerald reissued an “overweight” rating on shares of American Campus Communities in a research report on Thursday, August 10th. TheStreet lowered shares of American Campus Communities from a “b” rating to a “c+” rating in a research report on Monday, July 24th. Finally, Sandler O’Neill lowered shares of American Campus Communities from a “buy” rating to a “hold” rating and cut their target price for the stock from $55.00 to $50.00 in a research report on Wednesday, July 26th. Four investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $53.67.

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Shares of American Campus Communities (NYSE:ACC) traded up 0.85% during mid-day trading on Thursday, reaching $45.14. The company had a trading volume of 70,679 shares. American Campus Communities has a 52-week low of $43.98 and a 52-week high of $52.53. The stock has a market capitalization of $6.16 billion, a P/E ratio of 93.26 and a beta of 0.26. The company’s 50-day moving average is $47.08 and its 200 day moving average is $47.39.

American Campus Communities (NYSE:ACC) last announced 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 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 company had revenue of $169.90 million during the quarter, compared to analyst estimates of $169.50 million. During the same quarter in the prior year, the company posted $0.54 earnings per share. The firm’s revenue for the quarter was down 3.1% on a year-over-year basis.

A number of institutional investors have recently added to or reduced their stakes in ACC. BlackRock Inc. lifted its position in American Campus Communities by 4,342.4% during the 1st quarter. BlackRock Inc. now owns 15,387,072 shares of the real estate investment trust’s stock worth $732,271,000 after acquiring an additional 15,040,705 shares during the last quarter. Daiwa Securities Group Inc. lifted its position in American Campus Communities by 47.3% during the 2nd quarter. Daiwa Securities Group Inc. now owns 4,798,215 shares of the real estate investment trust’s stock worth $226,955,000 after acquiring an additional 1,541,548 shares during the last quarter. Brookfield Asset Management Inc. lifted its position in American Campus Communities by 51.0% during the 2nd quarter. Brookfield Asset Management Inc. now owns 3,441,220 shares of the real estate investment trust’s stock worth $162,770,000 after acquiring an additional 1,162,350 shares during the last quarter. Vanguard Group Inc. lifted its position in American Campus Communities by 3.2% during the 1st quarter. Vanguard Group Inc. now owns 20,785,614 shares of the real estate investment trust’s stock worth $989,187,000 after acquiring an additional 651,470 shares during the last quarter. Finally, Nuveen Asset Management LLC lifted its position in American Campus Communities by 171.1% during the 1st quarter. Nuveen Asset Management LLC now owns 817,804 shares of the real estate investment trust’s stock worth $38,919,000 after acquiring an additional 516,113 shares during the last quarter.

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.

Earnings History and Estimates for American Campus Communities (NYSE:ACC)

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