American Campus Communities Inc (NYSE:ACC) announced a quarterly dividend on Wednesday, August 2nd, Fidelity reports. Shareholders of record on Monday, August 14th will be given a dividend of 0.44 per share by the real estate investment trust on Friday, August 25th. This represents a $1.76 dividend on an annualized basis and a yield of 3.73%. The ex-dividend date is Thursday, August 10th. This is a positive change from American Campus Communities’s previous quarterly dividend of $0.42.

American Campus Communities has raised its dividend payment by an average of 5.4% per year over the last three years and has raised its dividend annually for the last 4 consecutive years. American Campus Communities has a dividend payout ratio of 74.9% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect American Campus Communities to earn $2.56 per share next year, which means the company should continue to be able to cover its $1.76 annual dividend with an expected future payout ratio of 68.8%.

Shares of American Campus Communities (ACC) opened at 47.20 on Wednesday. The firm has a 50-day moving average price of $47.66 and a 200-day moving average price of $47.97. American Campus Communities has a 12-month low of $44.65 and a 12-month high of $53.27. The firm has a market cap of $6.35 billion, a P/E ratio of 97.52 and a beta of 0.25.

American Campus Communities (NYSE:ACC) last issued its quarterly earnings data on Monday, July 24th. The real estate investment trust reported $0.53 EPS for the quarter, missing the Zacks’ consensus estimate of $0.54 by $0.01. The company had revenue of $169.90 million for the quarter, compared to the consensus estimate of $169.50 million. American Campus Communities had a return on equity of 1.90% and a net margin of 8.59%. American Campus Communities’s quarterly revenue was down 3.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.54 earnings per share. On average, equities research analysts expect that American Campus Communities will post $0.75 earnings per share for the current fiscal year.

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A number of research analysts recently commented on ACC shares. Zacks Investment Research downgraded American Campus Communities from a “hold” rating to a “sell” rating in a research note on Tuesday, May 9th. Evercore ISI raised American Campus Communities from an “underperform” rating to an “in-line” rating and increased their price target for the stock from $48.00 to $49.00 in a research note on Monday, June 19th. FBR & Co reissued a “buy” rating on shares of American Campus Communities in a research note on Friday, May 19th. BidaskClub raised American Campus Communities from a “hold” rating to a “buy” rating in a research note on Saturday, June 17th. Finally, JMP Securities raised American Campus Communities from a “market perform” rating to an “outperform” rating and set a $55.00 price target for the company in a research note on Monday, July 10th. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. American Campus Communities currently has a consensus rating of “Buy” and a consensus price target of $52.13.

About American Campus Communities

American Campus Communities, Inc is a self-managed and self-administered equity real estate investment trust (REIT). The Company’s segments include Wholly-Owned Properties, On-Campus Participating Properties, Development Services, and Property Management Services. It is engaged in the acquisition, design, financing, development, construction management, leasing and management of student housing properties.

Dividend History for American Campus Communities (NYSE:ACC)

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