Equities Analysts Issue Forecasts for American Campus Communities Inc’s FY2017 Earnings (NYSE:ACC)

American Campus Communities Inc (NYSE:ACC) – Investment analysts at FBR & Co lowered their FY2017 earnings per share estimates for American Campus Communities in a note issued to investors on Tuesday. FBR & Co analyst D. Corak now anticipates that the real estate investment trust will post earnings per share of $2.35 for the year, down from their prior forecast of $2.36. FBR & Co currently has a “Buy” rating on the stock. FBR & Co also issued estimates for American Campus Communities’ Q4 2017 earnings at $0.74 EPS, Q1 2018 earnings at $0.69 EPS, Q3 2018 earnings at $0.49 EPS, Q4 2018 earnings at $0.76 EPS and FY2019 earnings at $2.72 EPS.

Other analysts have also recently issued research reports about the stock. JMP Securities upgraded shares of American Campus Communities from a “market perform” rating to an “outperform” rating and set a $55.00 price target for the company in a research note on Monday, July 10th. Canaccord Genuity restated a “buy” rating and set a $56.00 price objective on shares of American Campus Communities in a research report on Monday. Sandler O’Neill downgraded shares of American Campus Communities from a “buy” rating to a “hold” rating and cut their price objective for the stock from $55.00 to $50.00 in a research report on Wednesday. BidaskClub upgraded shares of American Campus Communities from a “hold” rating to a “buy” rating in a research report on Tuesday. Finally, TheStreet downgraded shares of American Campus Communities from a “b” rating to a “c+” rating in a research report on Monday. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. American Campus Communities has a consensus rating of “Buy” and a consensus price target of $52.13.

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American Campus Communities (ACC) traded up 0.263% on Wednesday, reaching $47.715. 327,465 shares of the company’s stock were exchanged. The company has a market capitalization of $6.40 billion, a P/E ratio of 73.295 and a beta of 0.25. The firm has a 50-day moving average price of $47.68 and a 200-day moving average price of $48.04. American Campus Communities has a 1-year low of $44.65 and a 1-year high of $54.56.

American Campus Communities (NYSE:ACC) last issued its earnings results on Monday, July 24th. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by $0.01. American Campus Communities had a return on equity of 1.90% and a net margin of 8.59%. The business had revenue of $169.90 million for the quarter, compared to analysts’ expectations of $169.50 million. During the same period last year, the business earned $0.54 EPS. The company’s revenue for the quarter was down 3.1% on a year-over-year basis.

Several institutional investors have recently made changes to their positions in the stock. Brookfield Asset Management Inc. bought a new position in shares of American Campus Communities during the fourth quarter worth about $101,919,000. UBS Asset Management Americas Inc. increased its position in shares of American Campus Communities by 49.0% in the fourth quarter. UBS Asset Management Americas Inc. now owns 341,052 shares of the real estate investment trust’s stock worth $16,975,000 after buying an additional 112,192 shares in the last quarter. Macquarie Group Ltd. increased its position in shares of American Campus Communities by 6.0% in the fourth quarter. Macquarie Group Ltd. now owns 432,615 shares of the real estate investment trust’s stock worth $21,531,000 after buying an additional 24,602 shares in the last quarter. Northstar Group Inc. increased its position in shares of American Campus Communities by 103.4% in the first quarter. Northstar Group Inc. now owns 8,850 shares of the real estate investment trust’s stock worth $646,000 after buying an additional 4,500 shares in the last quarter. Finally, First National Bank of Omaha increased its position in shares of American Campus Communities by 5.4% in the first quarter. First National Bank of Omaha now owns 109,764 shares of the real estate investment trust’s stock worth $5,224,000 after buying an additional 5,602 shares in the last quarter.

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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