Wall Street brokerages expect that American Campus Communities, Inc. (NYSE:ACC) will post earnings per share (EPS) of $0.44 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for American Campus Communities’ earnings, with estimates ranging from $0.42 to $0.45. American Campus Communities posted earnings of $0.43 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 2.3%. The business is expected to issue its next quarterly earnings results after the market closes on Monday, October 22nd.

According to Zacks, analysts expect that American Campus Communities will report full year earnings of $2.32 per share for the current fiscal year, with EPS estimates ranging from $2.29 to $2.37. For the next year, analysts anticipate that the business will report earnings of $2.47 per share, with EPS estimates ranging from $2.43 to $2.53. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that follow American Campus Communities.

American Campus Communities (NYSE:ACC) last released its quarterly earnings results on Monday, July 23rd. The real estate investment trust reported $0.52 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.01). The firm had revenue of $190.20 million for the quarter, compared to the consensus estimate of $190.23 million. American Campus Communities had a return on equity of 3.29% and a net margin of 12.97%. The firm’s revenue was up 11.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.53 EPS.

ACC has been the subject of several recent research reports. ValuEngine upgraded shares of American Campus Communities from a “sell” rating to a “hold” rating in a research report on Monday, July 2nd. Argus lowered shares of American Campus Communities from a “buy” rating to a “hold” rating in a research report on Wednesday, July 18th. TheStreet upgraded shares of American Campus Communities from a “c” rating to a “b-” rating in a research report on Tuesday, July 24th. Zacks Investment Research upgraded shares of American Campus Communities from a “sell” rating to a “hold” rating in a research report on Tuesday, August 21st. Finally, Deutsche Bank upped their price target on shares of American Campus Communities from $42.00 to $45.00 and gave the stock a “hold” rating in a research report on Wednesday, September 5th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $45.75.

Shares of American Campus Communities stock traded down $0.32 during trading on Monday, hitting $39.20. 831,937 shares of the stock were exchanged, compared to its average volume of 800,761. The firm has a market capitalization of $5.64 billion, a P/E ratio of 16.97 and a beta of 0.14. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.43 and a current ratio of 1.43. American Campus Communities has a 12 month low of $34.52 and a 12 month high of $45.19.

Hedge funds have recently bought and sold shares of the stock. Garner Asset Management Corp acquired a new stake in American Campus Communities in the second quarter worth about $203,000. CIBC Asset Management Inc acquired a new stake in American Campus Communities in the second quarter worth about $210,000. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in American Campus Communities in the second quarter worth about $223,000. Point72 Hong Kong Ltd acquired a new stake in American Campus Communities in the second quarter worth about $243,000. Finally, Qube Research & Technologies Ltd acquired a new stake in American Campus Communities in the second quarter worth about $245,000. 97.87% of the stock is owned by institutional investors and hedge funds.

About American Campus Communities

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 and Estimates for American Campus Communities (NYSE:ACC)

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