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


Wall Street analysts expect that American Campus Communities, Inc. (NYSE: ACC – Get Rating) will report $ 228.30 million in sales for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for American Campus Communities’ earnings. The lowest sales estimate is $ 228.10 million and the highest is $ 228.50 million. American Campus Communities posted sales of $ 208.52 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 9.5%. The firm is scheduled to announce its next quarterly 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 expect that the company will report 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 firms that provide coverage for American Campus Communities.

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

The ACC has been the subject of a number of recent research reports. 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. Citigroup downgraded American Campus Communities from a “buy” rating to a “neutral” rating in a research note on Wednesday, April 20th. Argus downgraded American Campus Communities from a “buy” rating to a “hold” rating in a research note on Wednesday, April 27th. StockNews.com raised American Campus Communities from a “sell” rating to a “hold” rating in a research note on Wednesday, May 4th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on American Campus Communities from $ 60.00 to $ 58.00 and set a “hold” rating for the company in a research note on Thursday, March 24th. Eight analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $ 59.42.

In other news, CEO William C. Bayless, Jr. sold 20,000 shares of the firm’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer now owns 346,565 shares of the company’s stock, valued at approximately $ 22,401,961.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO William C. Bayless, Jr. sold 40,000 shares of the firm’s stock in a transaction that occurred 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 directly owns 366,565 shares of the company’s stock, valued at approximately $ 20,842,885.90. The disclosure for this sale can be found here. 0.95% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of ACC. Sageworth Trust Co of South Dakota acquired a new stake in the American Campus Communities in the 4th quarter valued at $ 34,000. Harel Insurance Investments & Financial Services Ltd. bought a new position in American Campus Communities during the 1st quarter valued at $ 40,000. Montag A & Associates Inc. bought a new position in the American Campus Communities during the 4th quarter valued at $ 46,000. FMR LLC lifted its stake in American Campus Communities by 1,518.3% during the 1st quarter. FMR LLC now owns 971 shares of the real estate investment trust’s stock valued at $ 46,000 after acquiring an additional 911 shares in the last quarter. Finally, UMB Bank NA MO bought a new position in the American Campus Communities during the 4th quarter valued at $ 62,000. 97.27% of the stock is owned by institutional investors and hedge funds.

Shares of American Campus Communities stock opened at $ 64.75 on Friday. The firm has a 50-day moving average of $ 59.26 and a 200-day moving average of $ 55.60. The stock has a market cap of $ 9.03 billion, a PE ratio of 161.88 and a beta of 0.83. American Campus Communities has a 52-week low of $ 45.75 and a 52-week high of $ 65.02. The company has a debt-to-equity ratio of 1.08, a quick ratio of 2.18 and a current ratio of 2.18.

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



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