American Campus Communities (NYSE:ACC) Releases Quarterly Earnings Results, Misses Estimates By $0.37 EPS


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American Campus Communities (NYSE:ACC) posted its quarterly earnings data on Sunday. The real estate investment trust reported $0.18 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.55 by ($0.37), MarketWatch Earnings reports. American Campus Communities had a net margin of 8.14% and a return on equity of 2.50%. The firm had revenue of $232.96 million during the quarter, compared to analysts’ expectations of $215.58 million. During the same quarter in the prior year, the firm posted $0.72 EPS. American Campus Communities’s quarterly revenue was down 8.9% compared to the same quarter last year.

Shares of NYSE:ACC remained flat at $$44.32 during trading hours on Tuesday. 12,532 shares of the company’s stock were exchanged, compared to its average volume of 826,774. American Campus Communities has a 52 week low of $20.13 and a 52 week high of $49.01. The business’s 50-day moving average is $42.33 and its 200 day moving average is $39.11. The stock has a market cap of $6.10 billion, a PE ratio of 86.90, a price-to-earnings-growth ratio of 0.63 and a beta of 0.91. The company has a quick ratio of 1.03, a current ratio of 1.03 and a debt-to-equity ratio of 1.12.

The company also recently declared a quarterly dividend, which was paid on Friday, February 19th. Shareholders of record on Thursday, January 28th were issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 4.24%. The ex-dividend date was Wednesday, January 27th. This is a boost from American Campus Communities’s previous quarterly dividend of $0.42. American Campus Communities’s payout ratio is 77.69%.

ACC has been the subject of several research reports. Piper Sandler lifted their target price on American Campus Communities from $38.00 to $45.00 and gave the company a “neutral” rating in a research report on Wednesday, December 23rd. JPMorgan Chase & Co. cut shares of American Campus Communities from a “neutral” rating to an “underweight” rating and set a $40.00 price objective for the company. in a report on Monday, December 21st. Deutsche Bank Aktiengesellschaft upgraded shares of American Campus Communities from a “hold” rating to a “buy” rating and set a $49.00 target price on the stock in a report on Tuesday, December 15th. Zacks Investment Research downgraded shares of American Campus Communities from a “hold” rating to a “sell” rating in a research note on Monday, January 18th. Finally, Evercore ISI lowered American Campus Communities from an “outperform” rating to an “inline” rating in a research report on Monday, December 14th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $41.13.

American Campus Communities Company Profile

American Campus Communities, Inc is the largest owner, manager and developer of high-quality student housing communities in the United States. The company is a fully integrated, self-managed and self-administered equity real estate investment trust (REIT) with expertise in the design, finance, development, construction management and operational management of student housing properties.

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Earnings History for American Campus Communities (NYSE:ACC)

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