American Campus Communities (ACC) Releases FY19 Earnings Guidance
American Campus Communities (NYSE:ACC) updated its FY19 earnings guidance on Monday. The company provided earnings per share guidance of $2.40-2.50 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.41. American Campus Communities also updated its FY 2019 guidance to $2.35-2.45 EPS.
Several equities analysts have commented on the stock. Zacks Investment Research lowered shares of American Campus Communities from a hold rating to a sell rating in a research note on Monday, March 25th. KeyCorp increased their price target on shares of American Campus Communities from $47.00 to $50.00 and gave the company an overweight rating in a research note on Tuesday, March 19th. Finally, TheStreet upgraded shares of American Campus Communities from a c rating to a b- rating in a research note on Wednesday, February 20th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company. American Campus Communities has a consensus rating of Hold and an average target price of $46.90.
ACC stock opened at $46.51 on Tuesday. The company has a market capitalization of $6.43 billion, a PE ratio of 20.13 and a beta of 0.45. American Campus Communities has a twelve month low of $36.64 and a twelve month high of $48.49. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.30 and a quick ratio of 1.30.
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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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