American Campus Communities (NYSE:ACC) Posts Earnings Results, Misses Estimates By $0.37 EPS

American Campus Communities (NYSE:ACC) posted its earnings results on Sunday. The real estate investment trust reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.55 by ($0.37), MarketWatch Earnings reports. The firm had revenue of $232.96 million during the quarter, compared to analysts’ expectations of $215.58 million. American Campus Communities had a return on equity of 2.50% and a net margin of 8.14%. American Campus Communities’s quarterly revenue was down 8.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.72 earnings per share.

Shares of ACC traded down $0.94 during mid-day trading on Tuesday, reaching $43.38. 37,743 shares of the company’s stock traded hands, compared to its average volume of 826,774. The stock has a market cap of $5.97 billion, a P/E ratio of 86.90, a P/E/G ratio of 0.63 and a beta of 0.91. The stock’s 50-day moving average is $42.33 and its two-hundred day moving average is $39.11. American Campus Communities has a 12 month low of $20.13 and a 12 month high of $49.01. The company has a debt-to-equity ratio of 1.12, a current ratio of 1.03 and a quick ratio of 1.03.

The firm also recently announced a quarterly dividend, which was paid on Friday, February 19th. Stockholders of record on Thursday, January 28th were paid 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 was Wednesday, January 27th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 4.33%. American Campus Communities’s dividend payout ratio is currently 77.69%.

A number of research firms recently commented on ACC. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell boosted their target price on American Campus Communities from $38.00 to $43.00 in a research report on Tuesday, December 15th. Piper Sandler upped their price objective on American Campus Communities from $38.00 to $45.00 and gave the company a “neutral” rating in a research report on Wednesday, December 23rd. Zacks Investment Research downgraded American Campus Communities from a “hold” rating to a “sell” rating in a research report on Monday, January 18th. JPMorgan Chase & Co. downgraded American Campus Communities from a “neutral” rating to an “underweight” rating and set a $40.00 price objective on the stock. in a research report on Monday, December 21st. Finally, Evercore ISI downgraded American Campus Communities from an “outperform” rating to an “inline” rating in a research report on Monday, December 14th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. American Campus Communities currently has a consensus rating of “Hold” and an average target price of $41.13.

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 for American Campus Communities (NYSE:ACC)

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