American Campus Communities, Inc. (NYSE:ACC) Expected to Post Quarterly Sales of $222.65 Million

Brokerages expect American Campus Communities, Inc. (NYSE:ACC) to report sales of $222.65 million for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for American Campus Communities’ earnings. The highest sales estimate is $224.00 million and the lowest is $221.30 million. American Campus Communities posted sales of $202.68 million during the same quarter last year, which suggests a positive year over year growth rate of 9.9%. The company is scheduled to report its next quarterly earnings results after the market closes on Monday, October 25th.

On average, analysts expect that American Campus Communities will report full-year sales of $917.85 million for the current fiscal year, with estimates ranging from $911.35 million to $923.40 million. For the next fiscal year, analysts anticipate that the firm will post sales of $993.35 million, with estimates ranging from $982.34 million to $1.00 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that follow American Campus Communities.

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 Thomson Reuters’ consensus estimate of $0.37 by ($0.44). American Campus Communities had a net margin of 1.31% and a return on equity of 0.29%.

Several analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft upped their target price on American Campus Communities from $46.00 to $51.00 and gave the company a “buy” rating in a report on Wednesday, May 26th. Piper Sandler raised American Campus Communities from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $48.00 to $55.00 in a research note on Friday, May 28th. Finally, Zacks Investment Research lowered American Campus Communities from a “buy” rating to a “hold” rating in a research note on Monday, August 2nd. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $49.14.

American Campus Communities stock traded up $0.04 during trading hours on Thursday, hitting $49.01. The stock had a trading volume of 11,714 shares, compared to its average volume of 870,067. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.97 and a quick ratio of 0.97. The stock has a market capitalization of $6.82 billion, a price-to-earnings ratio of 699.67, a PEG ratio of 0.74 and a beta of 0.95. American Campus Communities has a 1-year low of $32.85 and a 1-year high of $52.09. The stock’s fifty day moving average is $49.87 and its two-hundred day moving average is $47.22.

The firm also recently declared a quarterly dividend, which was paid on Friday, August 27th. Shareholders of record on Monday, August 16th were paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 3.84%. The ex-dividend date of this dividend was Friday, August 13th. American Campus Communities’s payout ratio is 94.95%.

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

A number of hedge funds have recently bought and sold shares of ACC. Nissay Asset Management Corp Japan ADV grew its position in shares of American Campus Communities by 2.7% in the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 12,222 shares of the real estate investment trust’s stock worth $528,000 after acquiring an additional 322 shares in the last quarter. Vident Investment Advisory LLC grew its position in shares of American Campus Communities by 2.5% in the 2nd quarter. Vident Investment Advisory LLC now owns 14,546 shares of the real estate investment trust’s stock worth $680,000 after acquiring an additional 354 shares in the last quarter. M&T Bank Corp grew its position in shares of American Campus Communities by 1.2% in the 2nd quarter. M&T Bank Corp now owns 38,435 shares of the real estate investment trust’s stock worth $1,795,000 after acquiring an additional 453 shares in the last quarter. Fort Washington Investment Advisors Inc. OH grew its position in shares of American Campus Communities by 9.1% in the 2nd quarter. Fort Washington Investment Advisors Inc. OH now owns 6,000 shares of the real estate investment trust’s stock worth $280,000 after acquiring an additional 500 shares in the last quarter. Finally, MML Investors Services LLC grew its position in shares of American Campus Communities by 5.5% in the 1st quarter. MML Investors Services LLC now owns 10,675 shares of the real estate investment trust’s stock worth $461,000 after acquiring an additional 554 shares in the last quarter. Institutional investors own 91.32% of the company’s stock.

About American Campus Communities

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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