American Campus Communities, Inc. (NYSE:ACC) Expected to Announce Earnings of $0.52 Per Share

Equities research analysts expect American Campus Communities, Inc. (NYSE:ACC – Get Rating) to announce earnings per share of $0.52 for the current fiscal quarter, Zacks reports. Two analysts have made estimates for American Campus Communities’ earnings. The highest EPS estimate is $0.53 and the lowest is $0.52. American Campus Communities posted earnings of $0.42 per share in the same quarter last year, which indicates a positive year over year growth rate of 23.8%. The firm is scheduled to report its next earnings results on Monday, January 1st.

On average, analysts expect that American Campus Communities will report full year earnings of $2.47 per share for the current year, with EPS estimates ranging from $2.45 to $2.49. For the next year, analysts anticipate that the business will report earnings of $2.64 per share, with EPS estimates ranging from $2.59 to $2.68. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that that provide coverage for American Campus Communities.

American Campus Communities (NYSE:ACC – Get Rating) last posted its quarterly earnings data on Monday, April 25th. The real estate investment trust reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.70 by ($0.43). American Campus Communities had a net margin of 6.00% and a return on equity of 1.81%. The firm had revenue of $273.75 million for the quarter, compared to the consensus estimate of $255.17 million. During the same period in the previous year, the firm posted $0.57 earnings per share. The business’s revenue was up 17.6% compared to the same quarter last year.

ACC has been the topic of several analyst reports. Argus cut American Campus Communities from a “buy” rating to a “hold” rating in a research report on Wednesday, April 27th. Deutsche Bank Aktiengesellschaft lowered their target price on American Campus Communities from $60.00 to $58.00 and set a “hold” rating on the stock in a report on Thursday, March 24th. StockNews.com raised American Campus Communities from a “sell” rating to a “hold” rating in a research note on Wednesday, May 4th. Capital One Financial downgraded American Campus Communities from an “overweight” rating to an “equal weight” rating and set a $65.47 price objective on the stock. in a research note on Tuesday, April 26th. Finally, Piper Sandler downgraded American Campus Communities from an “overweight” rating to a “neutral” rating and raised their price objective for the stock from $65.00 to $65.50 in a research note on Wednesday, April 20th. Eight investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $59.42.

Shares of ACC traded down $0.08 during mid-day trading on Friday, reaching $64.67. The company had a trading volume of 43,043 shares, compared to its average volume of 7,721,346. The company has a market capitalization of $9.02 billion, a price-to-earnings ratio of 161.58 and a beta of 0.83. American Campus Communities has a 52 week low of $45.06 and a 52 week high of $65.02. The company has a debt-to-equity ratio of 1.08, a quick ratio of 2.18 and a current ratio of 2.18. The firm has a 50-day moving average price of $58.84 and a 200 day moving average price of $55.40.

In related news, CEO William C. Bayless, Jr. sold 40,000 shares of the firm’s stock in a transaction on Friday, April 1st. The stock was sold at an average price of $56.86, for a total value of $2,274,400.00. Following the completion of the sale, the chief executive officer now directly owns 366,565 shares in the company, valued at $20,842,885.90. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO William C. Bayless, Jr. sold 20,000 shares of the firm’s stock in a transaction on Monday, May 2nd. The stock was sold at an average price of $64.64, for a total value of $1,292,800.00. Following the completion of the sale, the chief executive officer now owns 346,565 shares of the company’s stock, valued at $22,401,961.60. The disclosure for this sale can be found here. Company insiders own 0.95% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of ACC. Arizona State Retirement System lifted its position in shares of American Campus Communities by 0.5% during the first quarter. Arizona State Retirement System now owns 37,616 shares of the real estate investment trust’s stock worth $2,105,000 after purchasing an additional 176 shares during the last quarter. Tran Capital Management L.P. raised its holdings in shares of American Campus Communities by 0.4% in the first quarter. Tran Capital Management L.P. now owns 52,108 shares of the real estate investment trust’s stock valued at $2,916,000 after acquiring an additional 196 shares in the last quarter. Toroso Investments LLC lifted its stake in American Campus Communities by 4.1% in the fourth quarter. Toroso Investments LLC now owns 5,095 shares of the real estate investment trust’s stock worth $292,000 after acquiring an additional 201 shares during the period. Cetera Investment Advisers increased its position in American Campus Communities by 4.5% during the 1st quarter. Cetera Investment Advisers now owns 4,875 shares of the real estate investment trust’s stock valued at $273,000 after purchasing an additional 209 shares during the period. Finally, PNC Financial Services Group Inc. increased its position in American Campus Communities by 1.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 18,769 shares of the real estate investment trust’s stock valued at $1,049,000 after purchasing an additional 251 shares during the period. Institutional investors own 97.27% of the company’s stock.

American Campus Communities Company Profile (Get Rating)

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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