2 times New Highs Were Reached By American Campus Communities Inc. (ACC) In The Last Five Days

The stock of American Campus Communities Inc. (NYSE:ACC) decreased by -$0.12 on Tuesday to finish at $64.11, down -0.19 percent. The last five days have seen an average of 2,891,740 shares of common stock traded. 9 times new highs were reached in the current year, with a gain of $6.82. The average number of shares traded over the last 20 days was 2,708,915, while the average volume over the last 50 days totaled 4,871,146.

ACC stock dropped -0.64% since last month. On 06/16/22, the company’s shares reached a one-month low of $63.99. The stock touched a high of $65.22 on 06/03/22, after rallying from a low of $46.72 in 52 weeks. The price of ACC stock has risen by 11.90% or $6.82 this year, reaching a new high 9 times. Still, the stock price is down -1.70% from the 52-week high.

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Insider Transactions

There have been 21 days since American Campus Communities Inc. (ACC) last reported insider trading activity on Jun 01. On Jun 01, Chief Executive Officer Bayless William C Jr sold 24,998 shares at $64.98 each. This transaction resulted in the insider making $1,624,370. On May 02, Bayless William C Jr sold 20,000 shares at a price of US$64.64. After the transaction, the insider now owns 346,565 shares. Chief Executive Officer Bayless William C Jr had earlier sold 40,000 shares on Apr 01 for $56.86 a share. The transaction was completed for $2,274,400.

Valuation Metrics

American Campus Communities Inc. (ACC) has a trailing price-to-earnings (P/E) ratio of 162.30. Beta for the stock is 0.75. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 9.07, the price-to-book (PB) ratio of 2.89, and the price-to-cash flow ratio of 110.17.

Company paid $0.47 per share in dividends, remained unchanged from $0.47 last year. A $0.01 dividend increase was reported on Thursday May 2 2019.

Financial Health

The company’s long-term debt to equity ratio for the quarter ending March 30 is 1.13, and the total debt to equity ratio is 1.13. As far as profitability goes, gross margin for the trailing twelve months is 51.90% percent. American Campus Communities Inc.’s operating margin stood at 18.70% for the same period. Based on annual data, it had gross profit of $156.56 million and revenue of $942.41 million.

Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. ACC’s return on assets (ROA) during the last 12 months has been 0.80%. There was a 2.30% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 1.90%.

Earnings Surprise

According to American Campus Communities Inc.’s quarterly financial report for the quarter that ended March 30. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $273.75 million, while revenues rose by 14.99% to $272.29 million. It was predicted that American Campus Communities Inc.’s quarterly earnings would be $36.21, but it ended up being $32.86, beating the consensus by 10.20%. EBITDA was $146.75 million for the quarter. At the end of American Campus Communities Inc.’s most recent quarter ended March 30, its total debt was $4.01 billion. Equity owned by shareholders amounts to $139.48 million.

Technical Picture

Here’s a quick look at American Campus Communities Inc.’s (ACC) price momentum from a technical perspective. As of 21 June, the RSI 9-day stood at 35.20%, suggesting the stock is Neutral, with a 5.17% historical volatility rate.

The stochastic %K and %D were 16.60% and 17.99% respectively, while the average true range (ATR) was 0.40. Based on the 14-day stochastic reading of 10.12%, the RSI (14) reading is 46.54%. On the 9-day MACD Oscillator, the stock is at -0.29, and the 14-day reading is at -0.49.

Analyst Ratings

American Campus Communities Inc. (NYSE: ACC) was downgraded by Deutsche Bank to a a Hold rating in its latest research report. The stock was previously rated as a a Buy. Analysts have assigned American Campus Communities Inc. (ACC) an Hold rating. ACC is a stock that is recommended for selling by 0 brokerage firms, while 5 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 0 others recommend it as a buy.

What is ACC’s price target for the next 12 months?

The current consensus forecast for the stock is between $58.00 and $65.50, with a median target price of $65.47. In analyzing these forecasts, the average price target given by analysts for American Campus Communities Inc. (ACC) is $63.61.


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