American Campus Communities, Inc. (NYSE:ACC) – KeyCorp cut their FY2017 earnings per share (EPS) estimates for American Campus Communities in a report issued on Wednesday. KeyCorp analyst A. Wurschmidt now expects that the real estate investment trust will post earnings per share of $2.23 for the year, down from their prior estimate of $2.31. KeyCorp has a “Overweight” rating and a $47.00 price target on the stock. KeyCorp also issued estimates for American Campus Communities’ Q1 2018 earnings at $0.66 EPS and FY2018 earnings at $2.39 EPS.

A number of other brokerages also recently issued reports on ACC. FBR & Co reissued a “buy” rating on shares of American Campus Communities in a research note on Monday, September 25th. Zacks Investment Research raised American Campus Communities from a “sell” rating to a “hold” rating in a research note on Monday, October 16th. B. Riley set a $56.00 target price on American Campus Communities and gave the stock a “buy” rating in a research note on Thursday, December 7th. J P Morgan Chase & Co downgraded American Campus Communities from a “neutral” rating to an “underweight” rating and set a $45.00 target price for the company. in a research note on Friday, December 15th. Finally, Argus raised American Campus Communities from a “hold” rating to a “buy” rating in a research note on Thursday, October 26th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and nine have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $50.60.

American Campus Communities (NYSE ACC) opened at $40.23 on Friday. The stock has a market capitalization of $5,549.83, a P/E ratio of 18.24, a PEG ratio of 13.46 and a beta of 0.27. American Campus Communities has a one year low of $40.07 and a one year high of $51.70. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.72 and a current ratio of 0.72.

The business also recently announced a quarterly dividend, which was paid on Monday, November 27th. Shareholders of record on Monday, November 13th were issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 4.37%. The ex-dividend date of this dividend was Friday, November 10th. American Campus Communities’s dividend payout ratio (DPR) is presently 429.28%.

A number of large investors have recently made changes to their positions in ACC. Cohen & Steers Inc. grew its holdings in American Campus Communities by 20.2% during the 3rd quarter. Cohen & Steers Inc. now owns 16,080,372 shares of the real estate investment trust’s stock valued at $709,948,000 after buying an additional 2,704,851 shares during the last quarter. Brookfield Asset Management Inc. boosted its holdings in shares of American Campus Communities by 51.0% during the second quarter. Brookfield Asset Management Inc. now owns 3,441,220 shares of the real estate investment trust’s stock worth $162,770,000 after purchasing an additional 1,162,350 shares during the last quarter. Diamond Hill Capital Management Inc. acquired a new stake in shares of American Campus Communities during the third quarter worth $48,216,000. BlackRock Inc. boosted its holdings in shares of American Campus Communities by 2.7% during the second quarter. BlackRock Inc. now owns 15,807,560 shares of the real estate investment trust’s stock worth $747,699,000 after purchasing an additional 420,488 shares during the last quarter. Finally, Westfield Capital Management Co. LP acquired a new stake in shares of American Campus Communities during the second quarter worth $18,436,000.

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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.

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

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