American Campus Communities, Inc. Plans Quarterly Dividend of $0.47 (NYSE:ACC)

American Campus Communities, Inc. (NYSE:ACC) announced a quarterly dividend on Wednesday, July 29th, Zacks reports. Investors of record on Monday, August 10th will be given a dividend of 0.47 per share by the real estate investment trust on Friday, August 21st. This represents a $1.88 annualized dividend and a dividend yield of 5.34%. The ex-dividend date is Friday, August 7th.

American Campus Communities has increased its dividend by an average of 12.7% per year over the last three years and has raised its dividend annually for the last 7 consecutive years. American Campus Communities has a dividend payout ratio of 289.2% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect American Campus Communities to earn $2.28 per share next year, which means the company should continue to be able to cover its $1.88 annual dividend with an expected future payout ratio of 82.5%.

Shares of ACC stock traded down $0.92 on Friday, hitting $35.18. 4,134 shares of the stock traded hands, compared to its average volume of 1,167,742. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.97 and a quick ratio of 4.17. The company has a market capitalization of $4.87 billion, a PE ratio of 16.04, a PEG ratio of 0.53 and a beta of 1.05. American Campus Communities has a 1-year low of $20.13 and a 1-year high of $50.94. The company’s fifty day moving average is $34.95 and its 200 day moving average is $36.79.

American Campus Communities (NYSE:ACC) last posted its quarterly earnings results on Monday, July 20th. The real estate investment trust reported ($0.10) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($0.47). The firm had revenue of $177.19 million for the quarter, compared to analyst estimates of $191.57 million. American Campus Communities had a net margin of 12.24% and a return on equity of 3.66%. The business’s revenue was down 12.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.56 earnings per share. As a group, equities research analysts expect that American Campus Communities will post 2.04 EPS for the current year.

Several equities research analysts recently issued reports on ACC shares. Goldman Sachs Group raised American Campus Communities from a “neutral” rating to a “buy” rating in a research report on Thursday, April 2nd. KeyCorp dropped their price target on American Campus Communities from $45.00 to $40.00 and set an “overweight” rating on the stock in a research report on Monday. Zacks Investment Research lowered American Campus Communities from a “buy” rating to a “hold” rating in a research report on Tuesday, June 30th. Citigroup dropped their target price on American Campus Communities from $51.00 to $28.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 7th. Finally, Deutsche Bank dropped their target price on American Campus Communities from $52.00 to $37.00 and set a “hold” rating on the stock in a research report on Thursday, April 16th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. American Campus Communities presently has a consensus rating of “Buy” and an average target price of $43.00.

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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