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%.
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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