Analysts Issue Forecasts for American Campus Communities Inc’s FY2018 Earnings (ACC)

American Campus Communities Inc (NYSE:ACC) – Analysts at KeyCorp boosted their FY2018 earnings estimates for American Campus Communities in a research note issued to investors on Thursday. KeyCorp analyst A. Wurschmidt now forecasts that the real estate investment trust will post earnings of $2.55 per share for the year, up from their previous estimate of $2.50. KeyCorp currently has a “Buy” rating and a $56.00 target price on the stock.

A number of other equities research analysts also recently issued reports on the stock. JMP Securities upgraded shares of American Campus Communities from a “market perform” rating to an “outperform” rating and set a $55.00 target price for the company in a report on Monday, July 10th. Zacks Investment Research upgraded shares of American Campus Communities from a “sell” rating to a “hold” rating in a report on Monday. Cantor Fitzgerald restated an “overweight” rating on shares of American Campus Communities in a report on Thursday, August 10th. Evercore ISI upgraded shares of American Campus Communities from an “underperform” rating to an “in-line” rating and boosted their target price for the company from $48.00 to $49.00 in a report on Monday, June 19th. Finally, TheStreet downgraded shares of American Campus Communities from a “b” rating to a “c+” rating in a report on Monday, July 24th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. American Campus Communities currently has an average rating of “Buy” and a consensus target price of $53.67.

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American Campus Communities (NYSE:ACC) traded up 0.02% during trading on Monday, hitting $44.12. 969,863 shares of the company were exchanged. The company has a 50-day moving average of $46.54 and a 200-day moving average of $47.26. American Campus Communities has a 12 month low of $43.46 and a 12 month high of $52.53. The company has a market capitalization of $6.02 billion, a price-to-earnings ratio of 91.16 and a beta of 0.26.

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 for the quarter, missing the Zacks’ consensus estimate 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 return on equity of 1.90% and a net margin of 8.59%. The business’s revenue for the quarter was down 3.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.54 EPS.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ACC. Daiwa Securities Group Inc. grew its stake in American Campus Communities by 47.3% during the second quarter. Daiwa Securities Group Inc. now owns 4,798,215 shares of the real estate investment trust’s stock worth $226,955,000 after buying an additional 1,541,548 shares during the period. Brookfield Asset Management Inc. grew its stake in American Campus Communities by 51.0% during the second quarter. Brookfield Asset Management Inc. now owns 3,441,220 shares of the real estate investment trust’s stock worth $162,770,000 after buying an additional 1,162,350 shares during the period. Nuveen Asset Management LLC grew its stake in American Campus Communities by 171.1% during the first quarter. Nuveen Asset Management LLC now owns 817,804 shares of the real estate investment trust’s stock worth $38,919,000 after buying an additional 516,113 shares during the period. Presima Inc. grew its stake in American Campus Communities by 79.7% during the second quarter. Presima Inc. now owns 1,059,700 shares of the real estate investment trust’s stock worth $50,124,000 after buying an additional 470,000 shares during the period. Finally, BlackRock Inc. grew its stake in American Campus Communities by 2.7% during the second quarter. BlackRock Inc. now owns 15,807,560 shares of the real estate investment trust’s stock worth $747,699,000 after buying an additional 420,488 shares during the period.

About American Campus Communities

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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