American Campus Communities, Inc. (NYSE:ACC) announced a quarterly dividend on Wednesday, July 29th, Zacks reports. Stockholders of record on Monday, August 10th will be paid a dividend of 0.47 per share by the real estate investment trust on Friday, August 21st. This represents a $1.88 annualized dividend and a dividend yield of 5.34%. The ex-dividend date is Friday, August 7th.
American Campus Communities has raised its dividend by an average of 12.7% per year over the last three years and has increased its dividend annually for the last 7 consecutive years. American Campus Communities has a dividend payout ratio of 289.2% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect American Campus Communities to earn $2.28 per share next year, which means the company should continue to be able to cover its $1.88 annual dividend with an expected future payout ratio of 82.5%.
Shares of NYSE:ACC traded down $0.92 during trading on Friday, hitting $35.18. 4,134 shares of the stock were exchanged, compared to its average volume of 1,167,742. American Campus Communities has a 1-year low of $20.13 and a 1-year high of $50.94. The company has a market capitalization of $4.87 billion, a price-to-earnings ratio of 16.04, a price-to-earnings-growth ratio of 0.53 and a beta of 1.05. The company’s fifty day simple moving average is $34.95 and its 200-day simple moving average is $36.79. The company has a debt-to-equity ratio of 1.07, a quick ratio of 4.17 and a current ratio of 0.97.
American Campus Communities (NYSE:ACC) last announced its quarterly earnings data on Monday, July 20th. The real estate investment trust reported ($0.10) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.37 by ($0.47). American Campus Communities had a return on equity of 3.66% and a net margin of 12.24%. The firm had revenue of $177.19 million for the quarter, compared to analyst estimates of $191.57 million. During the same period in the previous year, the business posted $0.56 EPS. American Campus Communities’s revenue for the quarter was down 12.8% compared to the same quarter last year. On average, research analysts forecast that American Campus Communities will post 2.04 earnings per share for the current fiscal year.
Several research firms recently issued reports on ACC. KeyCorp dropped their target price on American Campus Communities from $45.00 to $40.00 and set an “overweight” rating on the stock in a report on Monday. Deutsche Bank reduced their price target on American Campus Communities from $52.00 to $37.00 and set a “hold” rating on the stock in a research report on Thursday, April 16th. Goldman Sachs Group raised American Campus Communities from a “neutral” rating to a “buy” rating in a report on Thursday, April 2nd. Citigroup cut their price objective on American Campus Communities from $51.00 to $28.00 and set a “neutral” rating on the stock in a report on Tuesday, April 7th. Finally, Zacks Investment Research lowered American Campus Communities from a “buy” rating to a “hold” rating in a research report on Tuesday, June 30th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $43.00.
American Campus Communities Company Profile
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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