American Campus Communities Inc (NYSE:ACC) issued its earnings results on Monday. The real estate investment trust reported $0.43 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.10 by $0.33, Briefing.com reports. American Campus Communities had a return on equity of 1.90% and a net margin of 8.59%. The firm had revenue of $196.90 million for the quarter, compared to analysts’ expectations of $177.65 million. During the same quarter last year, the firm earned $0.45 earnings per share. The firm’s revenue for the quarter was up .3% compared to the same quarter last year. American Campus Communities updated its FY17 guidance to $2.39-2.43 EPS.

Shares of American Campus Communities (NYSE:ACC) traded down 0.37% on Monday, hitting $43.46. The company’s stock had a trading volume of 632,959 shares. The stock has a market capitalization of $5.93 billion, a P/E ratio of 89.79 and a beta of 0.26. The stock’s 50 day moving average price is $46.08 and its 200 day moving average price is $47.13. American Campus Communities has a 52 week low of $43.34 and a 52 week high of $52.53.

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ACC has been the topic of a number of research analyst reports. JMP Securities upgraded American Campus Communities from a “market perform” rating to an “outperform” rating and set a $55.00 target price on the stock in a report on Monday, July 10th. Zacks Investment Research upgraded American Campus Communities from a “sell” rating to a “hold” rating in a report on Monday, October 16th. Cantor Fitzgerald reiterated an “overweight” rating on shares of American Campus Communities in a report on Thursday, August 10th. TheStreet cut American Campus Communities from a “b” rating to a “c+” rating in a report on Monday, July 24th. Finally, Sandler O’Neill cut American Campus Communities from a “buy” rating to a “hold” rating and reduced their target price for the company from $55.00 to $50.00 in a report on Wednesday, July 26th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. American Campus Communities currently has a consensus rating of “Buy” and a consensus target price of $53.67.

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 for American Campus Communities (NYSE:ACC)

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