American Campus Communities (NYSE:ACC) announced its quarterly earnings data on Monday. The real estate investment trust reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.32), Yahoo Finance reports. The company had revenue of $211.08 million during the quarter, compared to analyst estimates of $213.30 million. American Campus Communities had a return on equity of 2.05% and a net margin of 9.27%. The company’s revenue was up 4.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.44 EPS. American Campus Communities updated its FY 2019 guidance to $2.40-2.44 EPS and its FY19 guidance to $2.40-2.44 EPS.
Shares of American Campus Communities stock traded up $0.47 during midday trading on Tuesday, hitting $50.04. The company had a trading volume of 12,950 shares, compared to its average volume of 544,545. The business’s 50 day simple moving average is $47.81 and its two-hundred day simple moving average is $47.27. The stock has a market cap of $6.87 billion, a PE ratio of 21.69 and a beta of 0.37. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.46 and a quick ratio of 1.46. American Campus Communities has a 1-year low of $38.40 and a 1-year high of $49.71.
ACC has been the topic of several research analyst reports. Argus upgraded shares of American Campus Communities from a “hold” rating to a “buy” rating and set a $53.00 price objective on the stock in a research note on Wednesday, July 31st. TheStreet downgraded shares of American Campus Communities from a “b-” rating to a “c” rating in a research note on Monday, July 22nd. Zacks Investment Research downgraded shares of American Campus Communities from a “buy” rating to a “hold” rating in a research note on Tuesday, October 8th. Robert W. Baird raised their price objective on shares of American Campus Communities from $50.00 to $52.00 and gave the stock an “outperform” rating in a research note on Thursday, July 11th. Finally, Capital One Financial upgraded shares of American Campus Communities from an “equal weight” rating to an “overweight” rating in a research note on Monday, July 8th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. American Campus Communities has an average rating of “Buy” and an average target price of $50.60.
About American Campus Communities
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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