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.

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

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