American Campus Communities (ACC) reported quarterly earnings results on Monday, Apr-25-2016. The company reported $0.62 earnings per share for the quarter, missing the analyst consensus estimate by $-0.01. Analysts had a consensus of $0.63. The company posted revenue of $200.00 million in the period, compared to analysts expectations of $197.81 million. The company’s revenue was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.67 EPS.
Many Wall Street Analysts have commented on American Campus Communities. Company shares were Reiterated by Argus on Mar 8, 2016 to “Buy”, Firm has raised the Price Target to $ 49 from a previous price target of $43 .Company shares were Reiterated by Canaccord Genuity on Feb 24, 2016 to “Buy”, Firm has raised the Price Target to $ 49 from a previous price target of $48 .Company shares were Upgraded by Canaccord Genuity on Feb 8, 2016 to ” Buy”, Firm has raised the Price Target to $ 48 from a previous price target of $43 .
American Campus Communities opened for trading at $43.96 and hit $44.47 on the upside on Friday, eventually ending the session at $44.1, with a gain of 0.59% or 0.26 points. The heightened volatility saw the trading volume jump to 8,87,609 shares. Company has a market cap of $5,746 M.
In a different news, on Apr 7, 2016, William W. Talbot (EVP, Chief Investment Officer) sold 5,435 shares at $46.00 per share price. According to the SEC, on Apr 7, 2016, Dennis G Lopez (director) sold 1,856 shares at $46.08 per share price. On Mar 29, 2016, James Clarence Jr Hopke (EVP, Chief Operating Officer) sold 6,498 shares at $45.74 per share price, according to the Form-4 filing with the securities and exchange commission.
American Campus Communities Inc. is a real estate investment trust (REIT). The Company holds an approximate 98.8% limited partnership interest in American Campus Communities Operating Partnership L.P. The Company owns manages and develops student housing properties in the United States in terms of beds owned and under management. It is a self-managed and self-administered equity REIT engaged in the acquisition design financing development construction management leasing and management of student housing properties. The Companys total owned and third-party managed portfolio includes approximately 204 properties with 130700 beds in 44300 units. Its property portfolio consists of approximately 145 owned off-campus student housing properties. It operates under four segments: Wholly-Owned Properties On-Campus Participating Properties Development Services and Property Management Services.