American Campus Communities Inc (NYSE:ACC) is expected to report third quarter earnings results, after market close, on Monday 26th October 2020.
Analysts polled by Thomson Reuters anticipate third quarter loss of $ 0.15 per share.
Looking ahead, the full year income are expected at $ 0.33 per share on the revenues of $ 816.32 million.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 2.41 ~ $ 2.51 per share
Previous Quarter Performance
American Campus Communities Inc disclosed income for the second quarter of $ 0.37 per share, from the revenue of $ 177.49 million. The quarterly earnings up 428.57 percent while revenues shrunk 12.64 percent compared with the same quarter last year. The top line results fell short of analysts by $ 16.94 million or 8.71 percent.
On Friday, shares of American Campus Communities Inc has traded high as $ 37.85 and has cracked $ 37.07 on the downward trend, reaching $ 37.76 with volume of 586.30 thousand shares.
According to the previous trading day, closing price of $ 37.76, representing a 85.25 % increase from the 52 week low of $ 20.13 and a 25.91 % decrease over the 52 week high of $ 50.33.
The company has a market capital of $ 5.20 billion and is part of the Real Estate sector and REIT – Residential industry.
Recent Analyst recommendations
- On 5th October 2020, downgraded by KeyBanc to Sector Weight from Overweight rating.
- On 21st September 2020, downgraded by Piper Sandler to Neutral from Overweight rating.
Recent Stock Dividend Announcement
On July 29, 2020, the board of directors authorized quarterly dividend of $ 0.47 per share to holders of record as of the close of business on August 10, 2020, with payment date of August 21, 2020 and ex-dividend date on August 7, 2020.
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.