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.
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.
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