American Campus Communities (ACC) Releases Earnings Results, Beats Expectations By $0.01 EPS

American Campus Communities (ACC) reported quarterly earnings results on Monday, Jul-25-2016. The company said it had a profit of $0.54 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.53. The company posted revenue of $186.00 million in the period, compared to analysts expectations of $183.56 million. The company’s revenue was up 4.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.57 EPS.

Many Wall Street Analysts have commented on American Campus Communities. American Campus Communities was Downgraded by JMP Securities to ” Mkt Perform” on Jul 18, 2016. Company shares were Reiterated by Canaccord Genuity on Jul 11, 2016 to “Buy”, Firm has raised the Price Target to $ 56 from a previous price target of $49 .FBR Capital Initiated American Campus Communities on Jun 23, 2016 to “Outperform”, Price Target of the shares are set at $54.

American Campus Communities closed down -0.27 points or -0.52% at $51.89 with 4,91,408 shares getting traded on Wednesday. Post opening the session at $51.96, the shares hit an intraday low of $51.725 and an intraday high of $52.09 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on Jun 30, 2016, James E Iii Wilhelm (EVP PublicPrivate Transactions) sold 1,150 shares at $51.51 per share price. According to the SEC, on Jun 23, 2016, Daniel Perry (EVP, Cap. Mkts. & Corp. Fin.) sold 4,096 shares at $49.05 per share price. On May 10, 2016, Edward Lowenthal (director) sold 2,000 shares at $48.21 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 Company’s 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.

American Campus Communities

Leave a Reply

American Campus Communities - Is it time to Sell?

Top Brokerage Firms are advising their investors on American Campus Communities. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.