FY2017 EPS Estimates for American Campus Communities, Inc. (ACC) Decreased by KeyCorp

American Campus Communities, Inc. (NYSE:ACC) – Research analysts at KeyCorp dropped their FY2017 earnings per share estimates for shares of American Campus Communities in a report issued on Wednesday. KeyCorp analyst A. Wurschmidt now forecasts that the real estate investment trust will earn $2.23 per share for the year, down from their previous estimate of $2.31. KeyCorp currently has a “Overweight” rating and a $47.00 target price on the stock. KeyCorp also issued estimates for American Campus Communities’ Q1 2018 earnings at $0.66 EPS and FY2018 earnings at $2.39 EPS.

Other research analysts have also issued reports about the stock. B. Riley set a $56.00 target price on shares of American Campus Communities and gave the stock a “buy” rating in a research note on Thursday, December 7th. Argus raised shares of American Campus Communities from a “hold” rating to a “buy” rating in a research note on Thursday, October 26th. FBR & Co reissued a “buy” rating on shares of American Campus Communities in a research note on Monday, September 25th. Zacks Investment Research raised shares of American Campus Communities from a “sell” rating to a “hold” rating in a research note on Monday, October 23rd. Finally, Citigroup reissued a “neutral” rating on shares of American Campus Communities in a research note on Friday, October 27th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and nine have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $50.60.

American Campus Communities (NYSE:ACC) opened at $40.31 on Friday. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 0.79. American Campus Communities has a 12 month low of $40.07 and a 12 month high of $51.70. The firm has a market cap of $5,488.44, a P/E ratio of 98.32, a price-to-earnings-growth ratio of 13.38 and a beta of 0.27.

The company also recently declared a quarterly dividend, which was paid on Monday, November 27th. Stockholders of record on Monday, November 13th were given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 4.37%. The ex-dividend date was Friday, November 10th. American Campus Communities’s payout ratio is presently 429.28%.

Several hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of American Campus Communities by 0.3% during the 2nd quarter. Vanguard Group Inc. now owns 20,850,918 shares of the real estate investment trust’s stock valued at $986,248,000 after buying an additional 65,304 shares during the period. Cohen & Steers Inc. raised its position in shares of American Campus Communities by 20.2% during the 3rd quarter. Cohen & Steers Inc. now owns 16,080,372 shares of the real estate investment trust’s stock valued at $709,948,000 after buying an additional 2,704,851 shares during the period. BlackRock Inc. raised its position in shares of American Campus Communities by 2.7% during the 2nd quarter. BlackRock Inc. now owns 15,807,560 shares of the real estate investment trust’s stock valued at $747,699,000 after buying an additional 420,488 shares during the period. Capital Research Global Investors raised its position in shares of American Campus Communities by 1.4% during the 2nd quarter. Capital Research Global Investors now owns 6,166,800 shares of the real estate investment trust’s stock valued at $291,690,000 after buying an additional 85,000 shares during the period. Finally, State Street Corp raised its position in shares of American Campus Communities by 0.7% during the 2nd quarter. State Street Corp now owns 5,795,952 shares of the real estate investment trust’s stock valued at $274,152,000 after buying an additional 41,332 shares during the period.

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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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