American Campus Communities Inc (NYSE:ACC) – FBR & Co cut their Q3 2018 earnings per share estimates for shares of American Campus Communities in a report issued on Tuesday. FBR & Co analyst D. Corak now forecasts that the real estate investment trust will post earnings of $0.49 per share for the quarter, down from their previous forecast of $0.53. FBR & Co has a “Buy” rating on the stock. FBR & Co also issued estimates for American Campus Communities’ Q4 2018 earnings at $0.77 EPS, FY2018 earnings at $2.50 EPS and FY2019 earnings at $2.69 EPS.

ACC has been the subject of a number of other research reports. Zacks Investment Research cut American Campus Communities from a “buy” rating to a “hold” rating in a report on Friday, July 14th. BidaskClub cut American Campus Communities from a “buy” rating to a “hold” rating in a report on Saturday, July 8th. KeyCorp reiterated a “buy” rating and issued a $56.00 target price on shares of American Campus Communities in a report on Friday, August 25th. Hilliard Lyons upgraded American Campus Communities from an “underperform” rating to a “neutral” rating in a report on Friday, August 11th. Finally, Canaccord Genuity reiterated a “buy” rating and issued a $56.00 target price on shares of American Campus Communities in a report on Monday, July 24th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. American Campus Communities currently has a consensus rating of “Buy” and a consensus target price of $53.67.

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American Campus Communities (ACC) traded down 0.47% during mid-day trading on Thursday, hitting $44.88. The stock had a trading volume of 126,005 shares. The stock’s 50-day moving average price is $47.02 and its 200-day moving average price is $47.37. The stock has a market cap of $6.12 billion, a price-to-earnings ratio of 92.73 and a beta of 0.26. American Campus Communities has a 12 month low of $43.98 and a 12 month high of $52.53.

American Campus Communities (NYSE:ACC) last released 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). The company had revenue of $169.90 million for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period last year, the company posted $0.54 EPS.

Several hedge funds and other institutional investors have recently modified their holdings of ACC. BlackRock Inc. increased its position in American Campus Communities by 4,342.4% during the 1st quarter. BlackRock Inc. now owns 15,387,072 shares of the real estate investment trust’s stock valued at $732,271,000 after buying an additional 15,040,705 shares in the last quarter. Daiwa Securities Group Inc. increased its position in American Campus Communities by 47.3% during the 2nd quarter. Daiwa Securities Group Inc. now owns 4,798,215 shares of the real estate investment trust’s stock valued at $226,955,000 after buying an additional 1,541,548 shares in the last quarter. Brookfield Asset Management Inc. increased its position in American Campus Communities by 51.0% during the 2nd quarter. Brookfield Asset Management Inc. now owns 3,441,220 shares of the real estate investment trust’s stock valued at $162,770,000 after buying an additional 1,162,350 shares in the last quarter. Vanguard Group Inc. increased its position in American Campus Communities by 3.2% during the 1st quarter. Vanguard Group Inc. now owns 20,785,614 shares of the real estate investment trust’s stock valued at $989,187,000 after buying an additional 651,470 shares in the last quarter. Finally, Nuveen Asset Management LLC increased its position in American Campus Communities by 171.1% during the 1st quarter. Nuveen Asset Management LLC now owns 817,804 shares of the real estate investment trust’s stock valued at $38,919,000 after buying an additional 516,113 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 (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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