$228.30 Million in Sales Expected for American Campus Communities, Inc. (NYSE:ACC) This Quarter

Equities research analysts predict that American Campus Communities, Inc. (NYSE:ACC – Get Rating) will report $228.30 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for American Campus Communities’ earnings, with the highest sales estimate coming in at $228.50 million and the lowest estimate coming in at $228.10 million. American Campus Communities reported sales of $208.52 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 9.5%. The business is expected to issue its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that American Campus Communities will report full year sales of $1.00 billion for the current year, with estimates ranging from $986.20 million to $1.03 billion. For the next fiscal year, analysts forecast that the business will post sales of $1.04 billion, with estimates ranging from $1.02 billion to $1.07 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that that provide coverage for American Campus Communities.

American Campus Communities (NYSE:ACC – Get Rating) last posted its earnings results on Monday, April 25th. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.70 by ($0.43). American Campus Communities had a net margin of 6.00% and a return on equity of 1.81%. The firm had revenue of $273.75 million during the quarter, compared to analyst estimates of $255.17 million. During the same quarter in the prior year, the firm earned $0.57 earnings per share. The business’s revenue for the quarter was up 17.6% on a year-over-year basis.

ACC has been the subject of a number of research analyst reports. Argus cut shares of American Campus Communities from a “buy” rating to a “hold” rating in a research report on Wednesday, April 27th. StockNews.com upgraded shares of American Campus Communities from a “sell” rating to a “hold” rating in a research report on Wednesday, May 4th. Capital One Financial cut shares of American Campus Communities from an “overweight” rating to an “equal weight” rating and set a $65.47 target price for the company. in a research report on Tuesday, April 26th. Citigroup cut shares of American Campus Communities from a “buy” rating to a “neutral” rating in a research report on Wednesday, April 20th. Finally, Zacks Investment Research cut shares of American Campus Communities from a “buy” rating to a “hold” rating in a research report on Friday, March 25th. Eight research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, American Campus Communities has a consensus rating of “Hold” and an average target price of $59.42.

Shares of ACC traded down $0.14 during trading hours on Friday, hitting $64.62. The stock had a trading volume of 114,435 shares, compared to its average volume of 8,271,044. The company has a debt-to-equity ratio of 1.08, a quick ratio of 2.18 and a current ratio of 2.18. The firm has a 50-day moving average price of $59.67 and a 200 day moving average price of $55.74. The firm has a market capitalization of $9.01 billion, a price-to-earnings ratio of 161.55 and a beta of 0.82. American Campus Communities has a fifty-two week low of $45.75 and a fifty-two week high of $65.02.

In other American Campus Communities news, CEO William C. Bayless, Jr. sold 20,000 shares of the business’s stock in a transaction on Monday, May 2nd. The shares were sold at an average price of $64.64, for a total transaction of $1,292,800.00. Following the sale, the chief executive officer now directly owns 346,565 shares in the company, valued at approximately $22,401,961.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO William C. Bayless, Jr. sold 40,000 shares of the business’s stock in a transaction on Friday, April 1st. The stock was sold at an average price of $56.86, for a total transaction of $2,274,400.00. Following the sale, the chief executive officer now owns 366,565 shares in the company, valued at $20,842,885.90. The disclosure for this sale can be found here. Company insiders own 0.95% of the company’s stock.

A number of hedge funds have recently made changes to their positions in ACC. Walleye Capital LLC lifted its position in shares of American Campus Communities by 415.3% in the 1st quarter. Walleye Capital LLC now owns 36,002 shares of the real estate investment trust’s stock worth $2,015,000 after buying an additional 29,016 shares during the last quarter. Virtu Financial LLC acquired a new position in shares of American Campus Communities in the 1st quarter worth approximately $330,000. Meiji Yasuda Asset Management Co Ltd. acquired a new position in shares of American Campus Communities in the 1st quarter worth approximately $1,353,000. Point72 Hong Kong Ltd purchased a new position in shares of American Campus Communities in the first quarter worth approximately $269,000. Finally, Shay Capital LLC increased its position in shares of American Campus Communities by 4.8% in the first quarter. Shay Capital LLC now owns 91,708 shares of the real estate investment trust’s stock worth $5,133,000 after acquiring an additional 4,208 shares in the last quarter. 97.27% of the stock is owned by institutional investors.

American Campus Communities Company Profile (Get Rating)

American Campus Communities, Inc is the largest owner, manager and developer of high-quality student housing communities in the United States. The company is a fully integrated, self-managed and self-administered equity real estate investment trust (REIT) with expertise in the design, finance, development, construction management and operational management of student housing properties.

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