American Campus Communities (NYSE:ACC) Issues FY 2021 Earnings Guidance

American Campus Communities (NYSE:ACC) issued an update on its FY 2021 earnings guidance on Monday morning. The company provided EPS guidance of $2.040-$2.120 for the period. The company issued revenue guidance of -.

American Campus Communities stock opened at $51.37 on Thursday. The firm’s 50 day simple moving average is $49.89 and its 200 day simple moving average is $48.04. The company has a current ratio of 0.97, a quick ratio of 0.97 and a debt-to-equity ratio of 1.21. The firm has a market capitalization of $7.15 billion, a PE ratio of 733.96, a price-to-earnings-growth ratio of 0.74 and a beta of 0.95. American Campus Communities has a 1-year low of $35.62 and a 1-year high of $52.09.

American Campus Communities (NYSE:ACC) last posted its earnings results on Sunday, July 25th. The real estate investment trust reported ($0.07) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.37 by ($0.44). American Campus Communities had a return on equity of 0.29% and a net margin of 1.31%. Research analysts forecast that American Campus Communities will post 2.01 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, August 27th. Stockholders of record on Monday, August 16th were issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 3.66%. The ex-dividend date of this dividend was Friday, August 13th. American Campus Communities’s payout ratio is 94.95%.

A number of equities analysts have recently commented on the stock. Zacks Investment Research raised shares of American Campus Communities from a hold rating to a buy rating and set a $56.00 price target on the stock in a report on Wednesday, October 6th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of American Campus Communities from $51.00 to $58.00 and gave the company a buy rating in a research note on Thursday, September 23rd. Citigroup upped their price objective on shares of American Campus Communities from $50.00 to $53.00 and gave the company a neutral rating in a research note on Tuesday, October 5th. Finally, The Goldman Sachs Group started coverage on shares of American Campus Communities in a research report on Thursday, September 23rd. They set a buy rating and a $57.00 price target for the company. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of Buy and a consensus price target of $51.22.

In other American Campus Communities news, EVP James E. Wilhelm III sold 4,742 shares of the firm’s stock in a transaction dated Tuesday, July 20th. The shares were sold at an average price of $51.00, for a total transaction of $241,842.00. Following the completion of the sale, the executive vice president now directly owns 46,892 shares in the company, valued at approximately $2,391,492. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Cardenas Jorge De sold 8,555 shares of the firm’s stock in a transaction dated Tuesday, August 3rd. The shares were sold at an average price of $49.75, for a total transaction of $425,611.25. Following the sale, the executive vice president now owns 41,993 shares of the company’s stock, valued at $2,089,151.75. The disclosure for this sale can be found here. 0.95% of the stock is owned by company insiders.

An institutional investor recently raised its position in American Campus Communities stock. Morgan Stanley increased its holdings in American Campus Communities, Inc. (NYSE:ACC) by 219.6% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,689,910 shares of the real estate investment trust’s stock after buying an additional 1,161,143 shares during the quarter. Morgan Stanley owned 1.21% of American Campus Communities worth $78,953,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 91.32% of the company’s stock.

American Campus Communities Company Profile

American Campus Communities, Inc engages in the development, ownership, and management of student housing communities. It operates through the following segments: Owned Properties, On-Campus Participating Properties, Development Services, and Property Management Services. The Owned Properties segment refers to location with close proximity to the school campus, generally with pedestrian, bicycle, and university shuttle access.

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Earnings History and Estimates for American Campus Communities (NYSE:ACC)

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