American Campus Communities Inc. (NYSE:ACC) – Capital One Financial Corp. increased their FY2016 earnings per share estimates for shares of American Campus Communities in a research report issued on Tuesday. Capital One Financial Corp. analyst T. Lesnick now forecasts that the brokerage will post earnings per share of $2.27 for the year, up from their previous estimate of $2.26. Capital One Financial Corp. currently has a “Equal Weight” rating and a $49.00 target price on the stock.

Several other equities research analysts have also recently issued reports on the stock. Zacks Investment Research cut shares of American Campus Communities from a “buy” rating to a “hold” rating in a report on Tuesday, October 11th. Robert W. Baird upgraded shares of American Campus Communities to an “outperform” rating in a report on Wednesday, September 28th. FBR & Co restated a “buy” rating and issued a $56.00 target price on shares of American Campus Communities in a report on Wednesday, October 26th. Deutsche Bank AG raised their target price on shares of American Campus Communities from $47.00 to $48.00 and gave the stock a “hold” rating in a report on Wednesday, August 10th. Finally, Canaccord Genuity restated a “buy” rating and issued a $59.00 target price on shares of American Campus Communities in a report on Thursday, October 6th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company’s stock. American Campus Communities currently has a consensus rating of “Hold” and an average target price of $50.56.

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

American Campus Communities (NYSE:ACC) opened at 46.62 on Thursday. The stock has a 50 day moving average of $49.71 and a 200 day moving average of $49.64. American Campus Communities has a 12-month low of $37.75 and a 12-month high of $54.56. The company has a market cap of $6.16 billion, a PE ratio of 57.99 and a beta of 0.26.

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

The company also recently announced a dividend, which will be paid on Monday, November 28th. Investors of record on Monday, November 14th will be paid a dividend of $0.42 per share. The ex-dividend date of this dividend is Wednesday, November 9th. American Campus Communities’s dividend payout ratio (DPR) is 204.88%.

In related 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 transaction, the executive vice president now owns 31,475 shares in the company, valued at approximately $1,524,963.75. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider William C. Bayless, Jr. sold 12,409 shares of American Campus Communities 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 transaction, 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. Corporate insiders own 0.65% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ACC. GW&K Investment Management LLC boosted its position in American Campus Communities by 5.0% in the second quarter. GW&K Investment Management LLC now owns 1,524,206 shares of the real estate investment trust’s stock worth $80,585,000 after buying an additional 72,550 shares during the period. Spirit of America Management Corp NY increased its stake in shares of American Campus Communities by 66.0% in the second quarter. Spirit of America Management Corp NY now owns 31,950 shares of the real estate investment trust’s stock worth $1,689,000 after buying an additional 12,700 shares in the last quarter. 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 worth $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 worth $3,164,000 after buying an additional 11,600 shares in the last quarter. Finally, 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 worth $5,887,000 after buying an additional 20,106 shares in the last quarter.

About American Campus Communities

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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