American Campus Communities (NYSE:ACC) Updates Q2 2021 Earnings Guidance

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American Campus Communities (NYSE:ACC) updated its second quarter 2021 earnings guidance on Tuesday. The company provided earnings per share guidance of 0.350-0.380 for the period. The company issued revenue guidance of -.

Several research firms recently weighed in on ACC. Zacks Investment Research raised American Campus Communities from a strong sell rating to a hold rating in a research note on Tuesday, April 27th. Deutsche Bank Aktiengesellschaft cut their price target on American Campus Communities from $49.00 to $46.00 and set a buy rating on the stock in a research note on Wednesday, March 24th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. American Campus Communities presently has an average rating of Hold and an average price target of $42.57.

American Campus Communities stock traded up $0.56 during mid-day trading on Tuesday, reaching $45.89. The stock had a trading volume of 15,225 shares, compared to its average volume of 954,168. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.03 and a current ratio of 1.03. American Campus Communities has a fifty-two week low of $25.43 and a fifty-two week high of $46.36. The stock’s 50-day simple moving average is $44.00 and its 200-day simple moving average is $42.03. The firm has a market capitalization of $6.33 billion, a PE ratio of 88.88, a price-to-earnings-growth ratio of 0.63 and a beta of 0.91.

American Campus Communities (NYSE:ACC) last announced its quarterly earnings data on Sunday, April 18th. The real estate investment trust reported $0.11 EPS for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($0.03). The firm had revenue of $232.70 million during the quarter, compared to analyst estimates of $217.18 million. American Campus Communities had a net margin of 8.14% and a return on equity of 2.50%. The company’s revenue was down 6.7% on a year-over-year basis. During the same period last year, the business posted $0.70 EPS. On average, research analysts forecast that American Campus Communities will post 1.93 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, May 21st. Investors of record on Monday, May 10th will be given a dividend of $0.47 per share. This is a boost from American Campus Communities’s previous quarterly dividend of $0.42. The ex-dividend date of this dividend is Friday, May 7th. This represents a $1.88 annualized dividend and a dividend yield of 4.10%. American Campus Communities’s payout ratio is presently 77.69%.

In related news, President James Clarence Hopke, Jr. sold 15,243 shares of American Campus Communities stock in a transaction that occurred on Thursday, April 22nd. The stock was sold at an average price of $45.50, for a total transaction of $693,556.50. Following the transaction, the president now owns 118,149 shares of the company’s stock, valued at $5,375,779.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.88% of the stock is owned by insiders.

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 and Estimates for American Campus Communities (NYSE:ACC)

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