American Campus Communities Inc (ACC) Updates FY17 Earnings Guidance
American Campus Communities Inc (NYSE:ACC) updated its FY17 earnings guidance on Monday. The company provided earnings per share guidance of $2.39-2.43 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.32.
A number of brokerages have recently weighed in on ACC. 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 research note on Monday, July 10th. Canaccord Genuity restated a buy rating and issued a $56.00 target price on shares of American Campus Communities in a research note on Monday, July 24th. Zacks Investment Research upgraded American Campus Communities from a sell rating to a hold rating in a research note on Monday. BidaskClub upgraded American Campus Communities from a hold rating to a buy rating in a research note on Tuesday, July 25th. Finally, TheStreet downgraded American Campus Communities from a b rating to a c+ rating in a research note on Monday, July 24th. Four analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. American Campus Communities presently has a consensus rating of Buy and a consensus target price of $53.67.
American Campus Communities Inc (NYSE:ACC) traded down 0.37% during midday trading on Monday, hitting $43.46. 632,438 shares of the company were exchanged. American Campus Communities Inc has a 1-year low of $43.34 and a 1-year high of $52.53. The stock has a market capitalization of $5.93 billion, a price-to-earnings ratio of 89.79 and a beta of 0.26. The stock has a 50 day moving average of $46.08 and a 200-day moving average of $47.13.
American Campus Communities (NYSE:ACC) last issued its earnings results on Monday, July 24th. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by ($0.01). American Campus Communities had a return on equity of 1.90% and a net margin of 8.59%. The company had revenue of $169.90 million during the quarter, compared to analysts’ expectations of $169.50 million. During the same quarter in the prior year, the business posted $0.54 EPS. The company’s revenue for the quarter was down 3.1% compared to the same quarter last year. Equities analysts expect that American Campus Communities Inc will post $0.63 earnings per share for the current year.
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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.
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