American Campus Communities Inc. (NYSE:ACC) – Research analysts at Capital One Financial Corp. reduced their Q4 2016 EPS estimates for American Campus Communities in a research note issued to investors on Tuesday. Capital One Financial Corp. analyst T. Lesnick now forecasts that the brokerage will earn $0.65 per share for the quarter, down from their previous estimate of $0.66. Capital One Financial Corp. currently has a “Equal Weight” rating and a $49.00 target price on the stock. Capital One Financial Corp. also issued estimates for American Campus Communities’ FY2017 earnings at $2.40 EPS and FY2018 earnings at $2.57 EPS.

American Campus Communities (NYSE:ACC) last posted its quarterly earnings results on Monday, October 24th. The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.02. American Campus Communities had a net margin of 13.00% and a return on equity of 3.11%. The company had revenue of $196.40 million for the quarter, compared to the consensus estimate of $183.69 million. During the same period last year, the firm posted $0.43 EPS. The company’s revenue for the quarter was up 8.6% on a year-over-year basis.

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

Several other brokerages have also weighed in on ACC. Deutsche Bank AG reaffirmed a “hold” rating and set a $47.00 price objective (up previously from $45.00) on shares of American Campus Communities in a research report on Monday, July 18th. Zacks Investment Research lowered shares of American Campus Communities from a “buy” rating to a “hold” rating in a research report on Tuesday, October 11th. Canaccord Genuity reissued a “buy” rating and issued a $59.00 price target on shares of American Campus Communities in a research report on Thursday, October 6th. Robert W. Baird raised shares of American Campus Communities to an “outperform” rating in a research report on Wednesday, September 28th. Finally, JMP Securities lowered shares of American Campus Communities from an “outperform” rating to a “market perform” rating in a research report on Monday, July 18th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the stock. American Campus Communities currently has an average rating of “Hold” and a consensus price target of $50.56.

American Campus Communities (NYSE:ACC) opened at 46.76 on Wednesday. The stock has a 50 day moving average of $49.84 and a 200-day moving average of $49.63. American Campus Communities has a 52-week low of $37.75 and a 52-week high of $54.56. The company has a market capitalization of $6.12 billion, a P/E ratio of 58.23 and a beta of 0.26.

The firm also recently declared a dividend, which will be paid on Monday, November 28th. Shareholders of record on Monday, November 14th will be paid a dividend of $0.42 per share. The ex-dividend date is Wednesday, November 9th. American Campus Communities’s dividend payout ratio is currently 204.88%.

In other American Campus Communities news, EVP Jennifer Beese sold 856 shares of American Campus Communities stock in a transaction on Friday, November 4th. The shares were sold at an average price of $48.45, for a total transaction of $41,473.20. Following the sale, the executive vice president now owns 31,475 shares in the company, valued at $1,524,963.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider William C. Bayless, Jr. sold 12,409 shares of the business’s stock in a transaction on Thursday, October 27th. The shares were sold at an average price of $50.11, for a total transaction of $621,814.99. Following the completion of the sale, the insider now owns 271,873 shares in the company, valued at approximately $13,623,556.03. The disclosure for this sale can be found here. Company insiders own 0.65% of the company’s stock.

Large investors have recently modified their holdings of the stock. BNP Paribas Arbitrage SA increased its stake in shares of American Campus Communities by 241.9% in the second quarter. BNP Paribas Arbitrage SA now owns 71,788 shares of the real estate investment trust’s stock valued at $3,795,000 after buying an additional 50,790 shares in the last quarter. Arizona State Retirement System increased its stake in shares of American Campus Communities by 20.9% in the first quarter. Arizona State Retirement System now owns 67,185 shares of the real estate investment trust’s stock valued at $3,164,000 after buying an additional 11,600 shares in the last quarter. Metropolitan Life Insurance Co. NY increased its stake in shares of American Campus Communities by 19.2% in the first quarter. Metropolitan Life Insurance Co. NY now owns 125,006 shares of the real estate investment trust’s stock valued at $5,887,000 after buying an additional 20,106 shares in the last quarter. A.R.T. Advisors LLC purchased a new stake in shares of American Campus Communities during the first quarter valued at approximately $1,653,000. Finally, Envestnet Asset Management Inc. increased its stake in shares of American Campus Communities by 11.7% in the first quarter. Envestnet Asset Management Inc. now owns 69,616 shares of the real estate investment trust’s stock valued at $3,278,000 after buying an additional 7,306 shares in the last quarter.

American Campus Communities Company Profile

American Campus Communities, Inc is a self-managed and self-administered equity real estate investment trust. 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.

5 Day Chart for NYSE:ACC

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