Wall Street analysts forecast that American Campus Communities Inc (NYSE:ACC) will report $183.98 million in sales for the current quarter, according to Zacks. Two analysts have issued estimates for American Campus Communities’ earnings, with the lowest sales estimate coming in at $178.97 million and the highest estimate coming in at $188.99 million. American Campus Communities reported sales of $196.41 million in the same quarter last year, which indicates a negative year-over-year growth rate of 6.3%. The business is scheduled to report its next quarterly earnings report on Monday, October 23rd.

On average, analysts expect that American Campus Communities will report full-year sales of $183.98 million for the current year, with estimates ranging from $742.97 million to $803.06 million. For the next year, analysts expect that the firm will report sales of $827.07 million per share, with estimates ranging from $772.07 million to $908.19 million. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow American Campus Communities.

American Campus Communities (NYSE:ACC) last issued its earnings results on Monday, July 24th. The real estate investment trust reported $0.53 earnings per share for the quarter, missing analysts’ consensus estimates of $0.54 by $0.01. The business 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 revenue for the quarter was down 3.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.54 EPS.

ACC has been the subject of a number of recent research reports. Zacks Investment Research upgraded American Campus Communities from a “hold” rating to a “buy” rating and set a $54.00 price objective for the company in a research note on Wednesday, June 28th. BidaskClub upgraded American Campus Communities from a “hold” rating to a “buy” rating in a research note on Tuesday, July 25th. Canaccord Genuity reiterated a “buy” rating and set a $56.00 price objective on shares of American Campus Communities in a research note on Monday, July 24th. FBR & Co reiterated a “buy” rating on shares of American Campus Communities in a research note on Friday, May 19th. Finally, TheStreet downgraded American Campus Communities from a “b” rating to a “c+” rating in a research note on Monday, July 24th. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $52.71.

American Campus Communities (NYSE:ACC) opened at 46.21 on Monday. The firm’s 50-day moving average is $47.46 and its 200-day moving average is $47.85. American Campus Communities has a 12 month low of $44.65 and a 12 month high of $52.53. The company has a market cap of $6.30 billion, a price-to-earnings ratio of 95.48 and a beta of 0.25.

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 25th. Shareholders of record on Monday, August 14th will be paid a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 3.81%. This is an increase from American Campus Communities’s previous quarterly dividend of $0.42. The ex-dividend date is Thursday, August 10th. American Campus Communities’s dividend payout ratio is presently 359.18%.

A number of hedge funds and other institutional investors have recently bought and sold shares of ACC. BlackRock Inc. increased its position in American Campus Communities by 4,342.4% in the first quarter. BlackRock Inc. now owns 15,387,072 shares of the real estate investment trust’s stock valued at $732,271,000 after buying an additional 15,040,705 shares during the last quarter. Daiwa Securities Group Inc. increased its position in American Campus Communities by 47.3% in the second quarter. Daiwa Securities Group Inc. now owns 4,798,215 shares of the real estate investment trust’s stock valued at $226,955,000 after buying an additional 1,541,548 shares during the last quarter. Vanguard Group Inc. increased its position in American Campus Communities by 3.2% in the first quarter. Vanguard Group Inc. now owns 20,785,614 shares of the real estate investment trust’s stock valued at $989,187,000 after buying an additional 651,470 shares during the last quarter. Nuveen Asset Management LLC increased its position in American Campus Communities by 171.1% in the first quarter. Nuveen Asset Management LLC now owns 817,804 shares of the real estate investment trust’s stock valued at $38,919,000 after buying an additional 516,113 shares during the last quarter. Finally, Presima Inc. increased its position in American Campus Communities by 79.7% in the second quarter. Presima Inc. now owns 1,059,700 shares of the real estate investment trust’s stock valued at $50,124,000 after buying an additional 470,000 shares during the last quarter. Institutional investors and hedge funds own 99.83% of the company’s stock.

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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.

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

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