American Campus Communities Inc (NYSE:ACC) Releases FY17 Earnings Guidance

American Campus Communities Inc (NYSE:ACC) issued an update on its FY17 earnings guidance on Monday morning. The company provided EPS guidance of $2.34-2.44 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.37.

Shares of American Campus Communities Inc (NYSE:ACC) opened at 47.25 on Friday. American Campus Communities Inc has a 52-week low of $44.65 and a 52-week high of $52.53. The company has a market cap of $6.45 billion, a price-to-earnings ratio of 97.62 and a beta of 0.25. The firm has a 50 day moving average price of $47.33 and a 200-day moving average price of $47.78.

American Campus Communities (NYSE:ACC) last announced its quarterly earnings data 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. American Campus Communities had a return on equity of 1.90% and a net margin of 8.59%. The firm had revenue of $169.90 million during the quarter, compared to analysts’ expectations of $169.50 million. During the same quarter in the previous year, the firm earned $0.54 earnings per share. American Campus Communities’s revenue was down 3.1% on a year-over-year basis. Equities research analysts anticipate that American Campus Communities Inc will post $0.73 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 25th. Investors of record on Monday, August 14th will be issued a $0.44 dividend. This is a positive change from American Campus Communities’s previous quarterly dividend of $0.42. This represents a $1.76 dividend on an annualized basis and a yield of 3.72%. The ex-dividend date of this dividend is Thursday, August 10th. American Campus Communities’s payout ratio is presently 359.18%.

A number of equities analysts recently weighed in on the stock. Zacks Investment Research lowered shares of American Campus Communities from a buy rating to a hold rating in a report on Friday, July 14th. BidaskClub lowered shares of American Campus Communities from a buy rating to a hold rating in a report on Saturday, July 8th. FBR & Co restated a buy rating on shares of American Campus Communities in a report on Friday, May 19th. Hilliard Lyons upgraded shares of American Campus Communities from an underperform rating to a neutral rating in a report on Friday, August 11th. Finally, Canaccord Genuity restated a buy rating and issued a $56.00 price objective on shares of American Campus Communities in a report on Monday, July 24th. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. American Campus Communities currently has an average rating of Buy and a consensus price target of $52.71.

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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.

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

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