American Campus Communities, Inc. (NYSE:ACC) Raises Dividend to $0.47 Per Share

American Campus Communities, Inc. (NYSE:ACC) declared a dividend on Thursday, October 31st, Fidelity reports. Shareholders of record on Monday, November 11th will be paid a dividend of 0.47 per share by the real estate investment trust on Friday, November 22nd. The ex-dividend date is Thursday, November 7th. This is a boost from American Campus Communities’s previous dividend of $0.42.

Shares of NYSE:ACC traded down $0.04 on Wednesday, reaching $48.61. The company’s stock had a trading volume of 7,991 shares, compared to its average volume of 572,380. American Campus Communities has a 52-week low of $39.37 and a 52-week high of $50.94. The company has a market cap of $6.87 billion, a P/E ratio of 21.02 and a beta of 0.36. The company has a 50-day simple moving average of $48.70 and a 200 day simple moving average of $47.42. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.46 and a current ratio of 1.31.

American Campus Communities (NYSE:ACC) last issued its quarterly earnings data on Monday, October 21st. The real estate investment trust reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.32). American Campus Communities had a return on equity of 2.73% and a net margin of 11.55%. The business had revenue of $211.08 million during the quarter, compared to analysts’ expectations of $213.30 million. During the same period in the previous year, the business earned $0.44 earnings per share. The business’s quarterly revenue was up 4.1% on a year-over-year basis. On average, equities research analysts forecast that American Campus Communities will post 2.43 EPS for the current fiscal year.

A number of equities analysts recently commented on the stock. Robert W. Baird lifted their price target on shares of American Campus Communities from $50.00 to $52.00 and gave the stock an “outperform” rating in a research note on Thursday, July 11th. ValuEngine cut shares of American Campus Communities from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Argus raised shares of American Campus Communities from a “hold” rating to a “buy” rating and set a $53.00 price target for the company in a research note on Wednesday, July 31st. Zacks Investment Research cut shares of American Campus Communities from a “buy” rating to a “hold” rating in a research note on Tuesday, October 8th. Finally, TheStreet cut shares of American Campus Communities from a “b-” rating to a “c” rating in a research note on Monday, July 22nd. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $50.60.

In related news, Director Oliver Luck sold 12,216 shares of American Campus Communities stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $48.05, for a total transaction of $586,978.80. Following the completion of the sale, the director now owns 4,647 shares in the company, valued at approximately $223,288.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Cardenas Jorge De sold 9,788 shares of American Campus Communities stock in a transaction dated Thursday, October 24th. The shares were sold at an average price of $50.06, for a total transaction of $489,987.28. Following the sale, the executive vice president now owns 31,978 shares of the company’s stock, valued at approximately $1,600,818.68. The disclosure for this sale can be found here. 0.75% of the stock is currently 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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Dividend History for American Campus Communities (NYSE:ACC)

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