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.
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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