American Campus Communities (NYSE:ACC) Receiving Very Positive Media Coverage, Report Shows
Media stories about American Campus Communities (NYSE:ACC) have been trending very positive on Friday, according to Accern Sentiment. The research group ranks the sentiment of press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. American Campus Communities earned a coverage optimism score of 0.69 on Accern’s scale. Accern also assigned news stories about the real estate investment trust an impact score of 100 out of 100, meaning that recent press coverage is extremely likely to have an effect on the stock’s share price in the immediate future.
Here are some of the media headlines that may have effected Accern Sentiment’s rankings:
- American Campus Communities Inc (NYSE:ACC) Sees Unusual Trading Volume in Its Shares (highlightpress.com)
- Earnings Review and Free Research Report: American Campus Communities Reported Better than Expected Revenue (finance.yahoo.com)
- American Campus Communities, Inc. breached its 50 day moving average in a Bullish Manner : ACC-US : July 31, 2017 (finance.yahoo.com)
- American Campus Communities Inc (NYSE:ACC) Sees Light Trading Volume with 31K Shares Changing Hands (highlightpress.com)
Shares of American Campus Communities (ACC) traded down 0.76% on Friday, hitting $47.07. 318,496 shares of the stock were exchanged. American Campus Communities has a one year low of $44.65 and a one year high of $54.08. The firm has a market capitalization of $6.34 billion, a PE ratio of 97.25 and a beta of 0.25. The company has a 50-day moving average price of $47.72 and a 200-day moving average price of $47.99.
American Campus Communities (NYSE:ACC) last posted its quarterly earnings data on Monday, July 24th. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.54 by $0.01. The business had revenue of $169.90 million during the quarter, compared to the consensus estimate of $169.50 million. American Campus Communities had a net margin of 8.59% and a return on equity of 1.90%. The business’s revenue for the quarter was down 3.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.54 EPS. Equities research analysts expect that American Campus Communities will post $0.78 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, August 25th. Stockholders of record on Monday, August 14th will be given a $0.44 dividend. The ex-dividend date of this dividend is Thursday, August 10th. This is a boost from American Campus Communities’s previous quarterly dividend of $0.42. This represents a $1.76 annualized dividend and a dividend yield of 3.74%. American Campus Communities’s payout ratio is presently 359.18%.
ACC has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded shares of American Campus Communities from a “hold” rating to a “buy” rating and set a $54.00 price target for the company in a report on Wednesday, June 28th. BidaskClub cut shares of American Campus Communities from a “buy” rating to a “hold” rating in a report on Saturday, July 8th. Evercore ISI upgraded shares of American Campus Communities from an “underperform” rating to an “in-line” rating and upped their price target for the company from $48.00 to $49.00 in a report on Monday, June 19th. TheStreet cut shares of American Campus Communities from a “b” rating to a “c+” rating in a report on Monday, July 24th. Finally, FBR & Co restated a “buy” rating on shares of American Campus Communities in a report on Friday, May 19th. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. American Campus Communities presently has a consensus rating of “Buy” and a consensus target price of $52.13.
American Campus Communities Company Profile
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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