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. As of September 30, 2020, American Campus Communities owned 166 student housing properties containing approximately 111,900 beds. Including its owned and third-party managed properties, ACC's total managed portfolio consisted of 204 properties with approximately 139,900 beds.
IPO Year: 2004
Exchange: NYSE
Website: americancampus.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/3/2022 | $59.00 → $60.00 | Buy → Hold | Deutsche Bank |
| 12/14/2021 | $56.00 → $62.00 | Neutral → Buy | Citigroup |
| 10/5/2021 | $50.00 → $53.00 | Neutral | Citigroup |
| 9/23/2021 | $57.00 | Buy | Goldman |
Deutsche Bank downgraded American Campus from Buy to Hold and set a new price target of $60.00 from $59.00 previously
Citigroup upgraded American Campus Communities from Neutral to Buy and set a new price target of $62.00 from $56.00 previously
Citigroup reiterated coverage of American Campus with a rating of Neutral and set a new price target of $53.00 from $50.00 previously
Goldman resumed coverage of American Campus Communities with a rating of Buy and set a new price target of $57.00
Piper Sandler upgraded American Campus from Neutral to Overweight and set a new price target of $55.00 from $48.00 previously
JP Morgan upgraded American Campus Communities from Underweight to Neutral and set a new price target of $46.00
Evercore ISI upgraded American Campus Communities from In-line to Outperform and set a new price target of $50.00 from $48.00 previously
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4 - AMERICAN CAMPUS COMMUNITIES INC (0001283630) (Issuer)
4 - AMERICAN CAMPUS COMMUNITIES INC (0001283630) (Issuer)
4 - AMERICAN CAMPUS COMMUNITIES INC (0001283630) (Issuer)
4 - AMERICAN CAMPUS COMMUNITIES INC (0001283630) (Issuer)
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AUSTIN, Texas--(BUSINESS WIRE)--American Campus Communities, Inc. (NYSE:ACC) today announced the following financial results for the quarter and year ended December 31, 2020. Highlights Fourth Quarter 2020 Grew net income attributable to ACC to $24.8 million or $0.18 per fully diluted share, versus $24.7 million or $0.18 per fully diluted share in the fourth quarter 2019. Reported FFOM of $81.8 million or $0.59 per fully diluted share, versus $99.4 million or $0.72 in the fourth quarter prior year. Same store net operating income (NOI) decreased by 13.7 percent over the fourth quarter prior year, as revenues decreased 9.0 percent and operating expenses decreased 2.1 percent.
AUSTIN, Texas--(BUSINESS WIRE)--American Campus Communities, Inc. (NYSE:ACC) (“ACC” or the “Company”), the largest owner and manager of high-quality student housing properties in the U.S., today announced the appointment of Herman Bulls, Alison Hill and Craig Leupold to the Company’s Board of Directors, effective immediately. The Company also announced that Edward Lowenthal is retiring from the Board at the 2021 Annual Meeting of Stockholders (the “Annual Meeting”) and Carla Piñeyro Sublett is stepping down from the Board, effective immediately, after accepting an exciting new career opportunity. As such, the ACC Board will temporarily increase to 11 directors and then reduce to 10
AUSTIN, Texas--(BUSINESS WIRE)--American Campus Communities, Inc. (NYSE: ACC), the nation’s largest owner and manager of high-quality student housing properties in the U.S., announced that on January 18, 2021 its Board of Directors declared a regular quarterly dividend of $0.47 per share of common stock, payable on February 19, 2021, to shareholders of record at the close of business on January 28, 2021. 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 tru
Together with the Hi, How Are You Project, Coalition to launch new annual Thriving College Student Index on World Mental Health Day surveying more than 800,000 college students Twenty-four of the nation's leading college student housing providers are coming together to form the College Student Mental Wellness Advocacy Coalition to support students' mental wellness during their college years and help them thrive. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20221003005764/en/College Student Mental Wellness Advocacy Coalition forms to support mental health with the Hi, How Are You Project (Photo: Business Wire) The newly-formed Co
NEW YORK, Aug. 4, 2022 /PRNewswire/ -- S&P SmallCap 600 constituent Celsius Holdings Inc. (NASD:CELH) will replace American Campus Communities Inc. (NYSE:ACC) in the S&P MidCap 400, and Clearfield Inc. (NASD:CLFD) will replace Celsius Holdings in the S&P SmallCap 600 effective prior to the opening of trading on Wednesday, August 10. Blackstone Inc. (NYSE:BX) is acquiring American Campus Communities in a transaction expected to be completed soon pending final conditions. Following is a summary of the changes that will take place prior to the open of trading on the effective date: Effective Date Index Name Action Company Name Ticker GICS Sector Aug. 10, 2022 S&P MidCap 400 Addition Cels
American Campus Communities, Inc. (NYSE:ACC), the largest owner, manager and developer of high-quality student housing properties in the U.S., today announced that, at the concluded special meeting of stockholders held today, its stockholders approved the acquisition of the company by Blackstone Core+ perpetual capital vehicles, primarily comprised of Blackstone Real Estate Income Trust, Inc., alongside Blackstone Property Partners L.P. The company will provide final vote results for the special meeting, as certified by the independent Inspector of Election, on a Current Report on Form 8-K to be filed with the U.S. Securities and Exchange Commission. The transaction is expected to close o
American Campus Communities, Inc. (NYSE:ACC), the largest owner, manager and developer of high-quality student housing properties in the U.S., today announced that Glass, Lewis & Co., another leading independent proxy advisory firm, has joined Institutional Shareholder Services Inc. ("ISS"), in recommending that stockholders vote "FOR" the previously announced all-cash acquisition of the company by Blackstone Core+ perpetual capital vehicles, primarily comprised of Blackstone Real Estate Income Trust, Inc. ("BREIT"), alongside Blackstone Property Partners L.P. ("BPP"), at the company's upcoming Special Meeting of Stockholders (the "Special Meeting") scheduled for August 4, 2022 at 10:00 a.m
American Campus Communities, Inc. (NYSE:ACC) today announced the following financial results for the quarter ended June 30, 2022. Highlights Reported net income attributable to ACC of $4.4 million or $0.03 per fully diluted share, versus net loss of $9.4 million or $0.07 per fully diluted share in the second quarter 2021. As previously announced, during the quarter the company entered into a definitive agreement under which Blackstone Core+ perpetual capital vehicles, primarily comprised of Blackstone Real Estate Income Trust, Inc. ("BREIT"), alongside Blackstone Property Partners ("BPP"), will acquire all outstanding shares of common stock of ACC for $65.47 per fully diluted share in
American Campus Communities, Inc. (NYSE:ACC), the largest owner, manager and developer of high-quality student housing properties in the U.S., today announced that a leading independent proxy advisory firm, Institutional Shareholder Services Inc. ("ISS"), has recommended that stockholders vote "FOR" the previously announced all-cash acquisition of the company by Blackstone Core+ perpetual capital vehicles, primarily comprised of Blackstone Real Estate Income Trust, Inc. ("BREIT"), alongside Blackstone Property Partners L.P. ("BPP"), at the company's upcoming Special Meeting of Stockholders (the "Special Meeting") scheduled for August 4, 2022 at 10:00 a.m., Central Time. As previously annou
American Campus Communities, Inc. (NYSE:ACC), the largest owner, manager and developer of high-quality student housing properties in the U.S., today announced that the company will report financial results for the second quarter after the market close on Monday, July 25, 2022. The press release will be available in the Investor Relations section of the company's website. In light of the previously announced pending transaction between the company and Blackstone Core+ perpetual capital vehicles, primarily comprised of Blackstone Real Estate Income Trust, Inc., alongside Blackstone Property Partners, the company will not be hosting an earnings conference call to discuss these results. About
American Campus Communities, Inc. (NYSE:ACC) today announced the following financial results for the quarter ended March 31, 2022. Highlights Reported net income attributable to ACC of $39.2 million or $0.27 per fully diluted share, versus $15.6 million or $0.11 per fully diluted share in the first quarter 2021. As previously announced on April 19, 2022, the company entered into a definitive agreement under which Blackstone Core+ perpetual capital vehicles, primarily comprised of Blackstone Real Estate Income Trust, Inc. ("BREIT"), alongside Blackstone Property Partners ("BPP"), will acquire all outstanding shares of common stock of ACC for $65.47 per fully diluted share in an all-cash
American Campus Communities, Inc. (NYSE:ACC) ("ACC" or the "Company"), the largest developer, owner and manager of high-quality student housing communities in the United States, today announced that it has entered into a definitive agreement under which Blackstone Core+ perpetual capital vehicles, primarily comprised of Blackstone Real Estate Income Trust, Inc. ("BREIT"), alongside Blackstone Property Partners ("BPP"), will acquire all outstanding shares of common stock of ACC for $65.47 per fully diluted share in an all-cash transaction valued at approximately $12.8 billion, including the assumption of debt. This press release features multimedia. View the full release here: https://www.bu
Student housing REIT ranks number two on publication's overall comprehensive list of real estate companies American Campus Communities, Inc. (NYSE:ACC), the nation's largest owner, manager and developer of student housing communities, announces that it has been named to Newsweek's inaugural list of "America's Most Trusted Companies" in the overall Real Estate category. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220331005937/en/ As one of only 13 real estate-related companies on the list, ACC earned the number two spot on this prestigious new ranking based on a holistic approach to evaluating trust that took into consideratio
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American Campus Communities, Inc. (NYSE:ACC) today announced the following financial results for the quarter ended June 30, 2022. Highlights Reported net income attributable to ACC of $4.4 million or $0.03 per fully diluted share, versus net loss of $9.4 million or $0.07 per fully diluted share in the second quarter 2021. As previously announced, during the quarter the company entered into a definitive agreement under which Blackstone Core+ perpetual capital vehicles, primarily comprised of Blackstone Real Estate Income Trust, Inc. ("BREIT"), alongside Blackstone Property Partners ("BPP"), will acquire all outstanding shares of common stock of ACC for $65.47 per fully diluted share in
American Campus Communities, Inc. (NYSE:ACC), the largest owner, manager and developer of high-quality student housing properties in the U.S., today announced that the company will report financial results for the second quarter after the market close on Monday, July 25, 2022. The press release will be available in the Investor Relations section of the company's website. In light of the previously announced pending transaction between the company and Blackstone Core+ perpetual capital vehicles, primarily comprised of Blackstone Real Estate Income Trust, Inc., alongside Blackstone Property Partners, the company will not be hosting an earnings conference call to discuss these results. About
American Campus Communities, Inc. (NYSE:ACC) today announced the following financial results for the quarter ended March 31, 2022. Highlights Reported net income attributable to ACC of $39.2 million or $0.27 per fully diluted share, versus $15.6 million or $0.11 per fully diluted share in the first quarter 2021. As previously announced on April 19, 2022, the company entered into a definitive agreement under which Blackstone Core+ perpetual capital vehicles, primarily comprised of Blackstone Real Estate Income Trust, Inc. ("BREIT"), alongside Blackstone Property Partners ("BPP"), will acquire all outstanding shares of common stock of ACC for $65.47 per fully diluted share in an all-cash
American Campus Communities, Inc. (NYSE:ACC) ("ACC" or the "Company"), the largest developer, owner and manager of high-quality student housing communities in the United States, today announced that it has entered into a definitive agreement under which Blackstone Core+ perpetual capital vehicles, primarily comprised of Blackstone Real Estate Income Trust, Inc. ("BREIT"), alongside Blackstone Property Partners ("BPP"), will acquire all outstanding shares of common stock of ACC for $65.47 per fully diluted share in an all-cash transaction valued at approximately $12.8 billion, including the assumption of debt. This press release features multimedia. View the full release here: https://www.bu
American Campus Communities, Inc. (NYSE:ACC), the largest owner, manager and developer of high-quality student housing properties in the U.S., today announced that the company will report financial results for the first quarter after the market close on Monday, April 25, 2022. The company will host its quarterly earnings conference call for investors and other interested parties on Tuesday, April 26, 2022 at 10 a.m. Eastern Time (ET). The press release will be available in the Investor Relations section of the company's website. The conference call may be accessed by dialing 844-200-6205 passcode 646384, or 929-526-1599 for international participants. An accompanying slide presentation wil
FFOM per Share Increased by more than 8% and Exceeded High-End of Fiscal 2021 Outlook Fiscal 2022 Outlook Anticipates 12-16% Growth in FFOM per Share American Campus Communities, Inc. (NYSE:ACC) today announced the following financial results for the quarter and year ended December 31, 2021. Highlights Fourth Quarter 2021 Reported net income attributable to ACC of $40.7 million or $0.29 per fully diluted share versus $24.8 million or $0.18 per fully diluted share in the fourth quarter 2020. Increased FFOM per fully diluted share by 27.1 percent to $0.75 or $105.4 million versus $81.8 million or $0.59 in the prior year quarter. Grew same store net operating income (NOI) by 14.8 per
American Campus Communities, Inc. (NYSE:ACC), the nation's largest owner and manager of high-quality student housing properties in the U.S., announced that on January 24, 2022 its Board of Directors declared a regular quarterly dividend of $0.47 per share of common stock, payable on February 25, 2022, to shareholders of record at the close of business on February 4, 2022. 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, f
American Campus Communities, Inc. (NYSE:ACC), the largest owner, manager and developer of high-quality student housing properties in the U.S., today announced that the company will report financial results for the fourth quarter and full year 2021 after the market close on Tuesday, February 22, 2022. The company will host its quarterly earnings conference call for investors and other interested parties on Wednesday, February 23, 2022 at 10 a.m. Eastern Time (ET). ACC management will discuss the quarterly results and business outlook on the call. The press release will be available in the Investor Relations section of the company's website. The conference call may be accessed by dialing 844
Highlights Need for More Aggressive Strategy at ACC in Order to Reverse Prolonged Underperformance and Close Gap Between Share Price and Net Asset Value Calls on ACC to Accelerate Asset Sales, Enhance Investor Communications, Improve Margins, and Implement a Plan to Return Capital to Shareholders to Drive Shares to NAV Announces Intent to Nominate a Shareholder Representative Given Need for Additional Board Change After Last Year's Cooperation Agreement and Company-Driven Refresh Has Proven Insufficient L&B to Host a Conference Call on Thursday, December 16th at 10:00 am ET Today Land & Buildings Investment Management, LLC (together with its affiliates, "Land & Buildings"), a significan
NEW YORK, Dec. 10, 2021 (GLOBE NEWSWIRE) -- Keefe, Bruyette & Woods, Inc., a leading specialist investment bank to the financial services and fintech sectors, and a wholly owned subsidiary of Stifel Financial Corp. (NYSE:SF), announces the upcoming index rebalancing for the fourth quarter of 2021. This quarter, there are constituent changes within five of our indexes: the KBW Nasdaq Capital Markets Index (Index Ticker: KSX), the KBW Nasdaq Financial Sector Dividend Yield Index (Index Ticker: KDX, ETF Ticker: KBWD), the KBW Nasdaq Financial Technology Index (Index Ticker: KFTX, ETF Ticker: FTEK.LN), the KBW Nasdaq Premium Yield Equity REIT Index (Index Ticker: KYX, ETF Ticker: KBWY) and
American Campus (NYSE:ACC) reported quarterly earnings of $0.51 per share. This is a 21.43 percent increase over earnings of $0.42 per share from the same period last year. The company reported quarterly sales of $245.70 million which beat the analyst consensus estimate of $233.33 million by 5.30 percent. This is a 17.83 percent increase over sales of $208.52 million the same period last year.
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Jim Cramer is a lightning rod when it comes to scrutiny. On one hand, giving investing advice every day on air for years is naturally going to produce some losing picks. However, Cramer has become the focal point of a lot of targeted opposition. For instance, you can check out his ongoing (albeit one-sided) feud with George Noble, who is quick to call out Cramer. Or, you could check out the Journal of Retirement’s in-depth study of Cramer’s Charitable Trust performance and see that “Cramer’s portfolio has underperformed the S&P 500 total return index both on an overall returns basis and in Sharpe ratio.” On April 5, 2022, CNBC.com published an article outlining four real estate investment t
American Campus Communities, Inc. (NYSE:ACC), the largest owner, manager and developer of high-quality student housing properties in the U.S., today announced that a leading independent proxy advisory firm, Institutional Shareholder Services Inc. ("ISS"), has recommended that stockholders vote "FOR" the previously announced all-cash acquisition of the company by Blackstone Core+ perpetual capital vehicles, primarily comprised of Blackstone Real Estate Income Trust, Inc. ("BREIT"), alongside Blackstone Property Partners L.P. ("BPP"), at the company's upcoming Special Meeting of Stockholders (the "Special Meeting") scheduled for August 4, 2022 at 10:00 a.m., Central Time. As previously announ
Upgrades BTIG upgraded the previous rating for Acutus Medical Inc (NASDAQ:AFIB) from Neutral to Buy. In the fourth quarter, Acutus Medical showed an EPS of $1.00, compared to $0.89 from the year-ago quarter. The current stock performance of Acutus Medical shows a 52-week-high of $18.00 and a 52-week-low of $0.76. Moreover, at the end of the last trading period, the closing price was at $0.80. For Franklin Electric Co Inc (NASDAQ:FELE), Seaport Global upgraded the previous rating of Neutral to Buy. Franklin Electric earned $0.64 in the first quarter, compared to $0.59 in the year-ago quarter. At the moment, the stock has a 52-week-high of $96.95 and a 52-week-low of $68.27. Franklin El
Argus Research analyst Jacob Kilstein downgrades American Campus (NYSE:ACC) from Buy to Hold.
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Capital One analyst Neil Malkin downgrades American Campus (NYSE:ACC) from Overweight to Equal-Weight and announces $65.47 price target.