View ValuationThis company has been acquiredThe company may no longer be operating, as it has been acquired. Find out why through their latest events.See Latest EventsAmerican Campus Communities 향후 성장Future 기준 점검 3/6핵심 정보20.1%이익 성장률26.78%EPS 성장률REITs 이익 성장17.2%매출 성장률3.2%향후 자기자본이익률6.49%애널리스트 커버리지Low마지막 업데이트n/a최근 향후 성장 업데이트Major Estimate Revision • Aug 12Consensus forecasts updatedThe consensus outlook for 2021 has been updated. 2021 EPS estimate increased from US$0.11 to US$0.16. Revenue forecast steady at US$886.3m. Net income forecast to grow 455% next year vs 8.4% growth forecast for REITs industry in the US. Consensus price target broadly unchanged at US$52.86. Share price was steady at US$48.83 over the past week.Major Estimate Revision • May 21Consensus forecasts updatedThe consensus outlook for 2021 has been updated. 2021 EPS estimate increased from US$0.069 to US$0.091. Revenue forecast steady at US$851.6m. Net income forecast to grow 521% next year vs 11% growth forecast for REITs industry in the US. Consensus price target broadly unchanged at US$47.88. Share price was steady at US$45.92 over the past week.Major Estimate Revision • Apr 28Consensus forecasts updatedThe consensus outlook for 2021 has been updated. 2021 EPS estimate increased from US$0.02 to US$0.069. Revenue forecast steady at US$840.5m. Net income forecast to grow 321% next year vs 5.5% growth forecast for REITs industry in the US. Consensus price target up from US$45.13 to US$46.75. Share price was steady at US$44.82 over the past week.Major Estimate Revision • Apr 14Consensus forecasts updatedThe consensus outlook for 2021 has been updated. 2021 EPS estimate fell from US$0.11 to US$0.06 per share. Revenue forecast steady at US$847.9m. Net income forecast to shrink 60% next year vs 5.5% growth forecast for REITs industry in the US . Consensus price target of US$45.13 unchanged from last update. Share price was steady at US$43.70 over the past week.Major Estimate Revision • Apr 01Consensus forecasts updatedThe consensus outlook for 2021 has been updated. 2021 EPS estimate increased from US$0.086 to US$0.11. Revenue forecast steady at US$851.4m. Net income forecast to shrink 60% next year vs 6.5% growth forecast for REITs industry in the US . Consensus price target of US$45.13 unchanged from last update. Share price was steady at US$43.17 over the past week.Major Estimate Revision • Mar 10Analysts update estimatesThe 2021 consensus earning per share (EPS) estimate was lowered from US$0.15 to US$0.02. Revenue estimate was approximately flat at US$843.5m. Net income is expected to shrink by 50% next year compared to 4.1% growth forecast for the REITs industry in the US . The consensus price target of US$45.50 was unchanged from the last update. Share price stayed mostly flat at US$42.12 over the past week.모든 업데이트 보기Recent updatesReported Earnings • Jul 26Second quarter 2022 earnings: EPS and revenues miss analyst expectationsSecond quarter 2022 results: EPS: US$0.032 (up from US$0.072 loss in 2Q 2021). Revenue: US$245.7m (up 18% from 2Q 2021). Net income: US$4.42m (up US$14.4m from 2Q 2021). Profit margin: 1.8% (up from net loss in 2Q 2021). The move to profitability was driven by higher revenue. Revenue missed analyst estimates by 1.6%. Earnings per share (EPS) also missed analyst estimates by 34%. Over the next year, revenue is forecast to grow 1.9%, compared to a 9.8% growth forecast for the industry in the US. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings.Seeking Alpha • Jul 22American Campus Communities Q2 Earnings PreviewAmerican Campus Communities (NYSE:ACC) is scheduled to announce Q2 earnings results on Monday, July 25th, before market open. The consensus EPS Estimate is $0.54 (+28.6% Y/Y) and the consensus Revenue Estimate is $236M (+13.2% Y/Y). Over the last 1 year, ACC has beaten EPS estimates 100% of the time and has beaten revenue estimates 75% of the time. Over the last 3 months, EPS estimates have seen 0 upward revisions and 0 downward. Revenue estimates have seen 2 upward revisions and 0 downward.Seeking Alpha • May 03Student Housing REITs: It's Not Goodbye, It's See You LaterStudent housing has seen a swift recovery and brightening outlook over the past twelve months as the effects of soaring rents have more-than-offset ongoing COVID issues and longer-term enrollment headwinds. American Campus - the first of three student housing REITs and last one still publicly traded- was scooped-up last month by Blackstone - one of its five major REIT acquisitions since June. Given the abundance of private institutional capital targeting student housing assets and prior acquisitions of EDR and Campus Crest, in January, we projected a potential takeout of ACC at $65/share. Blackstone's $12.8 billion takeout at $65.47/share bid - nearly spot-on with that call - is a healthy 14% premium to ACC's prior close. These massive acquisitions have become necessary to feed its fledging non-traded REIT business, BREIT. BREIT has grown into a $100B behemoth in less than five years despite its high fee structure, capitalizing on investor interest for private real estate, and a questionable perception of lower volatility compared to public REITs.Reported Earnings • Apr 27First quarter 2022 earnings: EPS exceeds analyst expectationsFirst quarter 2022 results: FFO: US$273.7m per share (up from US$0.59 in 1Q 2021). Revenue: US$273.7m (up 18% from 1Q 2021). Funds from operations (FFO): US$106.1m (up 31% from 1Q 2021). FFO margin: 39% (up from 35% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 9.4%. Over the next year, revenue is forecast to grow 4.7%, compared to a 11% growth forecast for the industry in the US. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings.Seeking Alpha • Apr 25Merger Arbitrage Mondays - Blackstone Acquires American Campus CommunitiesThe largest deal announced last week was the acquisition of American Campus Communities (ACC) by Blackstone (BX) for nearly $13 billion. The deal represents a premium of 30% over the closing stock price of February 16, 2022, the date immediately prior to the company disclosing receipt from Land & Buildings. ACC also has a 'Cut-Off' time until May 28, 2022, during which it can enter into a definitive agreement with other interested parties.Buying Opportunity • Apr 05Now 21% undervaluedThe stock has been flat over the last 90 days. The fair value is estimated to be US$70.26, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 51%. For the next 3 years, revenue is forecast to grow by 5.0% per annum. Earnings is also forecast to grow by 40% per annum over the same time period.Reported Earnings • Feb 24Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2021 results: EPS: US$0.26 (down from US$0.51 in FY 2020). Revenue: US$942.4m (up 8.3% from FY 2020). Net income: US$35.5m (down 50% from FY 2020). Profit margin: 3.8% (down from 8.1% in FY 2020). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 2.0%. Earnings per share (EPS) exceeded analyst estimates by 3.9%. Over the next year, revenue is forecast to grow 3.0%, compared to a 10% growth forecast for the reits industry in the US. Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.Seeking Alpha • Jan 28American Campus Communities: Student Housing - Back To School, FinallyAmerican Campus Communities - along with the broader student housing sector - have delivered a swifter-than-expected rebound as students at flagship universities returned to campus for the 2021-2022 academic year. Despite the broader enrollment declines at the national level due to a myriad of short-term and structural headwinds, student housing fundamentals in these top-tier university markets have improved above pre-pandemic. Non-student apartment rents are soaring by double-digit rates, which allowed ACC to achieve robust rental rate growth of 3.8% and occupancy at 95.8% for the Fall 2021 semester- near record-highs. Beneficiaries of the soaring rents across the nation, ACC also delivered double-digit same-store NOI growth last quarter and now expects to see a full return to pre-pandemic FFO in full-year 2022. ACC has made several positive strides to unlock value through improved corporate governance and capital allocation. Given its deep NAV discount and the ample institutional interest in student housing, ACC is also a takeout candidate.Recent Insider Transactions • Jan 26Independent Director recently bought US$520k worth of stockOn the 21st of January, John Rippel bought around 10k shares on-market at roughly US$52.00 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold US$1.1m more in shares than they bought in the last 12 months.Seeking Alpha • Dec 20American Campus Communities: Still Too PriceyAmerican Campus Communities continues to grow this year after seeing a pullback in 2020. Shares of the company are cheap relative to the competition, but they are still pricey on an absolute basis. The firm is a quality one with an interesting catalyst, but unless you're banking on the said catalyst, there are probably better prospects to be had today.Board Change • Oct 31High number of new directorsIndependent Chair of the Board Cydney Donnell was the last director to join the board, commencing their role in 2021.Reported Earnings • Oct 27Third quarter 2021 earnings released: US$0.082 loss per share (vs US$0.15 loss in 3Q 2020)The company reported a solid third quarter result with reduced losses, improved revenues and improved control over expenses. Third quarter 2021 results: Revenue: US$228.9m (up 13% from 3Q 2020). Net loss: US$11.4m (loss narrowed 43% from 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings.Seeking Alpha • Oct 13American Campus Communities' Rebound Is Fully Priced In, But The Looming Enrollment Cliff Is NotACC is enjoying a strong rebound from the ravages of COVID-19 and online classes. The student housing REIT expects to see a full recovery in occupancy in the Fall of 2022. But investors should weigh present strength against a probable future higher ed enrollment cliff. It's a matter of simple demographics. Moreover, damaged relations with China, the largest "importer" of foreign students to US universities, seems to have triggered a sea change in the Chinese attitude about obtaining an American education. I give my argument for why ACC's valuation is too rich given the headwinds it will eventually face.Executive Departure • Aug 26President James Hopke has left the companyOn the 24th of August, James Hopke's tenure as President ended after 4.6 years in the role. As of June 2021, James still personally held 118.15k shares (US$5.5m worth at the time). A total of 3 executives have left over the last 12 months. The current median tenure of the management team is 6.58 years.Major Estimate Revision • Aug 12Consensus forecasts updatedThe consensus outlook for 2021 has been updated. 2021 EPS estimate increased from US$0.11 to US$0.16. Revenue forecast steady at US$886.3m. Net income forecast to grow 455% next year vs 8.4% growth forecast for REITs industry in the US. Consensus price target broadly unchanged at US$52.86. Share price was steady at US$48.83 over the past week.Recent Insider Transactions • Aug 06Executive VP & CTO recently sold US$426k worth of stockOn the 3rd of August, Jorge de Cardenas sold around 9k shares on-market at roughly US$49.75 per share. In the last 3 months, there was an even bigger sale from another insider worth US$486k. Insiders have been net sellers, collectively disposing of US$5.8m more than they bought in the last 12 months.Seeking Alpha • Jul 28Student Housing: Mask On, Mask OffAmerican Campus Communities - along with the broader student housing sector - hope for a swift rebound in occupancy this academic year as students at flagship universities return to campus. Two steps forward, one step back. The recent reacceleration in worldwide COVID cases - and resulting "public health" mandates - threaten to delay the complete return of in-person learning. Tale of two Americas: ACC's focus on highly-selective flagship universities across Sunbelt markets - most of which offered in-person classes throughout the pandemic - has proven to be especially critical. ACC reported encouraging Q2 results this week as pre-leasing accelerated significantly to 91.7% for the upcoming year while NOI growth surged 11.6% and its critical Disney development remains on track. While apparent near-term and longer-term risks remain for the student housing asset class, valuations now appear fairly attractive given the robust strength across the broader multifamily housing sector.Reported Earnings • Jul 27Second quarter 2021 earnings released: US$0.068 loss per share (vs US$0.10 loss in 2Q 2020)The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2021 results: Revenue: US$208.5m (up 12% from 2Q 2020). Net loss: US$9.40m (loss narrowed 32% from 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.Seeking Alpha • Jun 22Why American Campus Communities May Be Your Smart BuyAmerican Campus Communities has unique advantages as the largest institutional player in the student housing space. It's set to benefit from universities increasingly seeking avenues to monetize and outsource their aging residences. I also highlight the dividend, balance sheet, valuation, and near-term outlook.Recent Insider Transactions Derivative • Jun 05Executive VP & COO notifies of intention to sell stockJennifer Beese intends to sell 10k shares in the next 90 days after lodging an Intent To Sell Form on the 1st of June. If the sale is conducted around the recent share price of US$48.62, it would amount to US$486k. Since March 2021, Jennifer has owned 31.18k shares directly. Company insiders have collectively sold US$5.4m more than they bought, via options and on-market transactions in the last 12 months.Recent Insider Transactions • Jun 05Executive VP & COO recently sold US$486k worth of stockOn the 2nd of June, Jennifer Beese sold around 10k shares on-market at roughly US$48.58 per share. In the last 3 months, there was an even bigger sale from another insider worth US$694k. This was Jennifer's only on-market trade for the last 12 months.Major Estimate Revision • May 21Consensus forecasts updatedThe consensus outlook for 2021 has been updated. 2021 EPS estimate increased from US$0.069 to US$0.091. Revenue forecast steady at US$851.6m. Net income forecast to grow 521% next year vs 11% growth forecast for REITs industry in the US. Consensus price target broadly unchanged at US$47.88. Share price was steady at US$45.92 over the past week.Executive Departure • May 05Independent Chairman of the Board Edward Lowenthal has left the companyOn the 28th of April, Edward Lowenthal's tenure as Independent Chairman of the Board ended after 5.7 years in the role. As of December 2020, Edward personally held 26.13k shares (US$1.1m worth at the time). A total of 2 executives have left over the last 12 months.Major Estimate Revision • Apr 28Consensus forecasts updatedThe consensus outlook for 2021 has been updated. 2021 EPS estimate increased from US$0.02 to US$0.069. Revenue forecast steady at US$840.5m. Net income forecast to grow 321% next year vs 5.5% growth forecast for REITs industry in the US. Consensus price target up from US$45.13 to US$46.75. Share price was steady at US$44.82 over the past week.Recent Insider Transactions • Apr 27President recently sold US$694k worth of stockOn the 22nd of April, James Hopke sold around 15k shares on-market at roughly US$45.50 per share. This was the largest sale by an insider in the last 3 months. This was James' only on-market trade for the last 12 months.Reported Earnings • Apr 21First quarter 2021 earnings released: FFO US$0.59 per share (vs US$0.70 in 1Q 2020)The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2021 results: Revenue: US$232.7m (down 6.7% from 1Q 2020). Funds from operations (FFO): US$81.2m (down 15% from 1Q 2020). FFO margin: 35% (down from 39% in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings.Major Estimate Revision • Apr 14Consensus forecasts updatedThe consensus outlook for 2021 has been updated. 2021 EPS estimate fell from US$0.11 to US$0.06 per share. Revenue forecast steady at US$847.9m. Net income forecast to shrink 60% next year vs 5.5% growth forecast for REITs industry in the US . Consensus price target of US$45.13 unchanged from last update. Share price was steady at US$43.70 over the past week.Major Estimate Revision • Apr 01Consensus forecasts updatedThe consensus outlook for 2021 has been updated. 2021 EPS estimate increased from US$0.086 to US$0.11. Revenue forecast steady at US$851.4m. Net income forecast to shrink 60% next year vs 6.5% growth forecast for REITs industry in the US . Consensus price target of US$45.13 unchanged from last update. Share price was steady at US$43.17 over the past week.Major Estimate Revision • Mar 10Analysts update estimatesThe 2021 consensus earning per share (EPS) estimate was lowered from US$0.15 to US$0.02. Revenue estimate was approximately flat at US$843.5m. Net income is expected to shrink by 50% next year compared to 4.1% growth forecast for the REITs industry in the US . The consensus price target of US$45.50 was unchanged from the last update. Share price stayed mostly flat at US$42.12 over the past week.Reported Earnings • Feb 24Full year 2020 earnings released: FFO US$2.04 per share (vs US$2.55 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: US$870.6m (down 7.7% from FY 2019). Funds from operations (FFO): US$281.1m (down 20% from FY 2019). FFO margin: 32% (down from 37% in FY 2019). Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 6% per year.Analyst Estimate Surprise Post Earnings • Feb 24Earnings beat expectations, revenue disappointsRevenue missed analyst estimates by 1.9%. Earnings per share (EPS) exceeded analyst estimates by 20%. Over the next year, revenue is forecast to stay flat compared to a 3.7% growth forecast for the REITs industry in the US.Is New 90 Day High Low • Feb 12New 90-day high: US$43.85The company is up 8.0% from its price of US$40.70 on 13 November 2020. The American market is up 14% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the REITs industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is US$49.56 per share.Executive Departure • Jan 29Independent Director has left the companyOn the 27th of January, Carla Sublett's tenure as Independent Director ended after 1.6 years in the role. As of September 2020, Carla personally held 5.99k shares (US$209k worth at the time). Carla is the only executive to leave the company over the last 12 months.Is New 90 Day High Low • Dec 04New 90-day high: US$42.64The company is up 19% from its price of US$35.82 on 04 September 2020. The American market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the REITs industry, which is up 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is US$48.31 per share.Reported Earnings • Nov 10Third quarter 2020 earnings released: FFO US$0.33 per shareThe company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: US$202.7m (down 11% from 3Q 2019). Funds from operations (FFO): US$45.0m (down 48% from 3Q 2019). FFO margin: 22% (down from 38% in 3Q 2019). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.Analyst Estimate Surprise Post Earnings • Nov 10Revenue and earnings beat expectationsRevenue exceeded analyst estimates by 0.9%. Earnings per share (EPS) also surpassed analyst estimates by 1.2%. Over the next year, revenue is expected to shrink by 5.1% compared to a 2.8% growth forecast for the REITs industry in the US.Is New 90 Day High Low • Nov 03New 90-day high: US$38.03The company is up 8.0% from its price of US$35.26 on 05 August 2020. The American market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the REITs industry, which is down 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is US$50.20 per share.Reported Earnings • Oct 28Third quarter earnings releasedOver the last 12 months the company has reported total funds from operations (FFO) of US$281.0m, down 25% from the prior year. Total revenue was US$893.5m over the last 12 months, down 4.3% from the prior year.Analyst Estimate Surprise Post Earnings • Oct 28Third-quarter earnings released: Revenue beats expectations, earnings disappointThird-quarter revenue exceeded analyst estimates by 0.9% at US$191.7m. Earnings per share (EPS) missed analyst estimates by 1.2% at -US$0.15. Revenue is expected to shrink by 5.0% over the next year, compared to a 1.6% growth forecast for the REITs industry in the US.Is New 90 Day High Low • Oct 03New 90-day high: US$37.76The company is up 5.0% from its price of US$36.06 on 02 July 2020. The American market is up 9.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the REITs industry, which is flat over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is US$52.74 per share.Recent Insider Transactions • Sep 25CEO & Director recently sold US$4.2m worth of stockOn the 22nd of September, William Bayless sold around 120k shares on-market at roughly US$35.12 per share. This was the largest sale by an insider in the last 3 months. This was William's only on-market trade for the last 12 months.Major Estimate Revision • Sep 22Analysts update estimatesThe 2020 consensus earning per share (EPS) estimate was lowered from US$0.52 to US$0.45. Revenue estimate was approximately flat at US$839.7m. Net income is expected to shrink by 46% next year compared to 19% decline forecast for the REITs industry in the US. The consensus price target of US$40.30 was unchanged from the last update. Share price is down by 6.2% to US$34.40 over the past week.이익 및 매출 성장 예측NYSE:ACC - 애널리스트 향후 추정치 및 과거 재무 데이터 (USD Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수12/31/20241,087116N/AN/A312/31/20231,059106N/AN/A412/31/202299478N/AN/A16/30/20221,02171N/AN/AN/A3/31/202298357358358N/A12/31/202194233335335N/A9/30/202190317327327N/A6/30/20218779309309N/A3/31/20218545310310N/A12/31/202087171351351N/A9/30/202089371341341N/A6/30/2020918110365365N/A3/31/2020950134381381N/A12/31/201994383370370N/A9/30/2019933106383383N/A6/30/201991984356356N/A3/31/2019903119349349N/A12/31/2018881116377377N/A9/30/2018863107345340N/A6/30/2018846108361357N/A3/31/201882459363361N/A12/31/201779668319319N/A9/30/201777354307311N/A6/30/201777265284288N/A3/31/201777986306310N/A12/31/201678698306306N/A9/30/2016785101326328N/A6/30/201676993282285N/A3/31/201676190N/A251N/A12/31/2015753115N/A264N/A9/30/2015748113N/A238N/A더 보기애널리스트 향후 성장 전망수입 대 저축률: ACC 의 연간 예상 수익 증가율(20.1%)이 saving rate(1.9%)보다 높습니다.수익 vs 시장: ACC 의 연간 수익(20.1%)이 US 시장(17.7%)보다 빠르게 성장할 것으로 예상됩니다.고성장 수익: ACC 의 수입은 향후 3년 동안 상당히 증가할 것으로 예상됩니다.수익 대 시장: ACC 의 수익(연간 3.2%)이 US 시장(연간 12.6%)보다 느리게 성장할 것으로 예상됩니다.고성장 매출: ACC 의 수익(연간 3.2%)은 연간 20%보다 느리게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: ACC의 자본 수익률은 3년 후 6.5%로 낮을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YReal-estate 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2022/08/09 15:40종가2022/08/09 00:00수익2022/06/30연간 수익2021/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델의 세부 정보는 당사의 GitHub 페이지에서 확인하실 수 있습니다. 또한 보고서 사용 방법에 대한 가이드와 YouTube 튜토리얼도 제공하고 있습니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스American Campus Communities, Inc.는 22명의 분석가가 다루고 있습니다. 이 중 4명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관Jacob KilsteinArgus Research CompanyAndrew BabinBairdJeffrey SpectorBofA Global Research19명의 분석가 더 보기
Major Estimate Revision • Aug 12Consensus forecasts updatedThe consensus outlook for 2021 has been updated. 2021 EPS estimate increased from US$0.11 to US$0.16. Revenue forecast steady at US$886.3m. Net income forecast to grow 455% next year vs 8.4% growth forecast for REITs industry in the US. Consensus price target broadly unchanged at US$52.86. Share price was steady at US$48.83 over the past week.
Major Estimate Revision • May 21Consensus forecasts updatedThe consensus outlook for 2021 has been updated. 2021 EPS estimate increased from US$0.069 to US$0.091. Revenue forecast steady at US$851.6m. Net income forecast to grow 521% next year vs 11% growth forecast for REITs industry in the US. Consensus price target broadly unchanged at US$47.88. Share price was steady at US$45.92 over the past week.
Major Estimate Revision • Apr 28Consensus forecasts updatedThe consensus outlook for 2021 has been updated. 2021 EPS estimate increased from US$0.02 to US$0.069. Revenue forecast steady at US$840.5m. Net income forecast to grow 321% next year vs 5.5% growth forecast for REITs industry in the US. Consensus price target up from US$45.13 to US$46.75. Share price was steady at US$44.82 over the past week.
Major Estimate Revision • Apr 14Consensus forecasts updatedThe consensus outlook for 2021 has been updated. 2021 EPS estimate fell from US$0.11 to US$0.06 per share. Revenue forecast steady at US$847.9m. Net income forecast to shrink 60% next year vs 5.5% growth forecast for REITs industry in the US . Consensus price target of US$45.13 unchanged from last update. Share price was steady at US$43.70 over the past week.
Major Estimate Revision • Apr 01Consensus forecasts updatedThe consensus outlook for 2021 has been updated. 2021 EPS estimate increased from US$0.086 to US$0.11. Revenue forecast steady at US$851.4m. Net income forecast to shrink 60% next year vs 6.5% growth forecast for REITs industry in the US . Consensus price target of US$45.13 unchanged from last update. Share price was steady at US$43.17 over the past week.
Major Estimate Revision • Mar 10Analysts update estimatesThe 2021 consensus earning per share (EPS) estimate was lowered from US$0.15 to US$0.02. Revenue estimate was approximately flat at US$843.5m. Net income is expected to shrink by 50% next year compared to 4.1% growth forecast for the REITs industry in the US . The consensus price target of US$45.50 was unchanged from the last update. Share price stayed mostly flat at US$42.12 over the past week.
Reported Earnings • Jul 26Second quarter 2022 earnings: EPS and revenues miss analyst expectationsSecond quarter 2022 results: EPS: US$0.032 (up from US$0.072 loss in 2Q 2021). Revenue: US$245.7m (up 18% from 2Q 2021). Net income: US$4.42m (up US$14.4m from 2Q 2021). Profit margin: 1.8% (up from net loss in 2Q 2021). The move to profitability was driven by higher revenue. Revenue missed analyst estimates by 1.6%. Earnings per share (EPS) also missed analyst estimates by 34%. Over the next year, revenue is forecast to grow 1.9%, compared to a 9.8% growth forecast for the industry in the US. Over the last 3 years on average, earnings per share has fallen by 39% per year but the company’s share price has increased by 12% per year, which means it is well ahead of earnings.
Seeking Alpha • Jul 22American Campus Communities Q2 Earnings PreviewAmerican Campus Communities (NYSE:ACC) is scheduled to announce Q2 earnings results on Monday, July 25th, before market open. The consensus EPS Estimate is $0.54 (+28.6% Y/Y) and the consensus Revenue Estimate is $236M (+13.2% Y/Y). Over the last 1 year, ACC has beaten EPS estimates 100% of the time and has beaten revenue estimates 75% of the time. Over the last 3 months, EPS estimates have seen 0 upward revisions and 0 downward. Revenue estimates have seen 2 upward revisions and 0 downward.
Seeking Alpha • May 03Student Housing REITs: It's Not Goodbye, It's See You LaterStudent housing has seen a swift recovery and brightening outlook over the past twelve months as the effects of soaring rents have more-than-offset ongoing COVID issues and longer-term enrollment headwinds. American Campus - the first of three student housing REITs and last one still publicly traded- was scooped-up last month by Blackstone - one of its five major REIT acquisitions since June. Given the abundance of private institutional capital targeting student housing assets and prior acquisitions of EDR and Campus Crest, in January, we projected a potential takeout of ACC at $65/share. Blackstone's $12.8 billion takeout at $65.47/share bid - nearly spot-on with that call - is a healthy 14% premium to ACC's prior close. These massive acquisitions have become necessary to feed its fledging non-traded REIT business, BREIT. BREIT has grown into a $100B behemoth in less than five years despite its high fee structure, capitalizing on investor interest for private real estate, and a questionable perception of lower volatility compared to public REITs.
Reported Earnings • Apr 27First quarter 2022 earnings: EPS exceeds analyst expectationsFirst quarter 2022 results: FFO: US$273.7m per share (up from US$0.59 in 1Q 2021). Revenue: US$273.7m (up 18% from 1Q 2021). Funds from operations (FFO): US$106.1m (up 31% from 1Q 2021). FFO margin: 39% (up from 35% in 1Q 2021). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 9.4%. Over the next year, revenue is forecast to grow 4.7%, compared to a 11% growth forecast for the industry in the US. Over the last 3 years on average, earnings per share has fallen by 48% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings.
Seeking Alpha • Apr 25Merger Arbitrage Mondays - Blackstone Acquires American Campus CommunitiesThe largest deal announced last week was the acquisition of American Campus Communities (ACC) by Blackstone (BX) for nearly $13 billion. The deal represents a premium of 30% over the closing stock price of February 16, 2022, the date immediately prior to the company disclosing receipt from Land & Buildings. ACC also has a 'Cut-Off' time until May 28, 2022, during which it can enter into a definitive agreement with other interested parties.
Buying Opportunity • Apr 05Now 21% undervaluedThe stock has been flat over the last 90 days. The fair value is estimated to be US$70.26, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 51%. For the next 3 years, revenue is forecast to grow by 5.0% per annum. Earnings is also forecast to grow by 40% per annum over the same time period.
Reported Earnings • Feb 24Full year 2021 earnings: EPS exceeds analyst expectations while revenues lag behindFull year 2021 results: EPS: US$0.26 (down from US$0.51 in FY 2020). Revenue: US$942.4m (up 8.3% from FY 2020). Net income: US$35.5m (down 50% from FY 2020). Profit margin: 3.8% (down from 8.1% in FY 2020). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 2.0%. Earnings per share (EPS) exceeded analyst estimates by 3.9%. Over the next year, revenue is forecast to grow 3.0%, compared to a 10% growth forecast for the reits industry in the US. Over the last 3 years on average, earnings per share has fallen by 50% per year but the company’s share price has increased by 5% per year, which means it is well ahead of earnings.
Seeking Alpha • Jan 28American Campus Communities: Student Housing - Back To School, FinallyAmerican Campus Communities - along with the broader student housing sector - have delivered a swifter-than-expected rebound as students at flagship universities returned to campus for the 2021-2022 academic year. Despite the broader enrollment declines at the national level due to a myriad of short-term and structural headwinds, student housing fundamentals in these top-tier university markets have improved above pre-pandemic. Non-student apartment rents are soaring by double-digit rates, which allowed ACC to achieve robust rental rate growth of 3.8% and occupancy at 95.8% for the Fall 2021 semester- near record-highs. Beneficiaries of the soaring rents across the nation, ACC also delivered double-digit same-store NOI growth last quarter and now expects to see a full return to pre-pandemic FFO in full-year 2022. ACC has made several positive strides to unlock value through improved corporate governance and capital allocation. Given its deep NAV discount and the ample institutional interest in student housing, ACC is also a takeout candidate.
Recent Insider Transactions • Jan 26Independent Director recently bought US$520k worth of stockOn the 21st of January, John Rippel bought around 10k shares on-market at roughly US$52.00 per share. This was the largest purchase by an insider in the last 3 months. Despite this recent purchase, insiders have collectively sold US$1.1m more in shares than they bought in the last 12 months.
Seeking Alpha • Dec 20American Campus Communities: Still Too PriceyAmerican Campus Communities continues to grow this year after seeing a pullback in 2020. Shares of the company are cheap relative to the competition, but they are still pricey on an absolute basis. The firm is a quality one with an interesting catalyst, but unless you're banking on the said catalyst, there are probably better prospects to be had today.
Board Change • Oct 31High number of new directorsIndependent Chair of the Board Cydney Donnell was the last director to join the board, commencing their role in 2021.
Reported Earnings • Oct 27Third quarter 2021 earnings released: US$0.082 loss per share (vs US$0.15 loss in 3Q 2020)The company reported a solid third quarter result with reduced losses, improved revenues and improved control over expenses. Third quarter 2021 results: Revenue: US$228.9m (up 13% from 3Q 2020). Net loss: US$11.4m (loss narrowed 43% from 3Q 2020). Over the last 3 years on average, earnings per share has fallen by 45% per year but the company’s share price has increased by 9% per year, which means it is well ahead of earnings.
Seeking Alpha • Oct 13American Campus Communities' Rebound Is Fully Priced In, But The Looming Enrollment Cliff Is NotACC is enjoying a strong rebound from the ravages of COVID-19 and online classes. The student housing REIT expects to see a full recovery in occupancy in the Fall of 2022. But investors should weigh present strength against a probable future higher ed enrollment cliff. It's a matter of simple demographics. Moreover, damaged relations with China, the largest "importer" of foreign students to US universities, seems to have triggered a sea change in the Chinese attitude about obtaining an American education. I give my argument for why ACC's valuation is too rich given the headwinds it will eventually face.
Executive Departure • Aug 26President James Hopke has left the companyOn the 24th of August, James Hopke's tenure as President ended after 4.6 years in the role. As of June 2021, James still personally held 118.15k shares (US$5.5m worth at the time). A total of 3 executives have left over the last 12 months. The current median tenure of the management team is 6.58 years.
Major Estimate Revision • Aug 12Consensus forecasts updatedThe consensus outlook for 2021 has been updated. 2021 EPS estimate increased from US$0.11 to US$0.16. Revenue forecast steady at US$886.3m. Net income forecast to grow 455% next year vs 8.4% growth forecast for REITs industry in the US. Consensus price target broadly unchanged at US$52.86. Share price was steady at US$48.83 over the past week.
Recent Insider Transactions • Aug 06Executive VP & CTO recently sold US$426k worth of stockOn the 3rd of August, Jorge de Cardenas sold around 9k shares on-market at roughly US$49.75 per share. In the last 3 months, there was an even bigger sale from another insider worth US$486k. Insiders have been net sellers, collectively disposing of US$5.8m more than they bought in the last 12 months.
Seeking Alpha • Jul 28Student Housing: Mask On, Mask OffAmerican Campus Communities - along with the broader student housing sector - hope for a swift rebound in occupancy this academic year as students at flagship universities return to campus. Two steps forward, one step back. The recent reacceleration in worldwide COVID cases - and resulting "public health" mandates - threaten to delay the complete return of in-person learning. Tale of two Americas: ACC's focus on highly-selective flagship universities across Sunbelt markets - most of which offered in-person classes throughout the pandemic - has proven to be especially critical. ACC reported encouraging Q2 results this week as pre-leasing accelerated significantly to 91.7% for the upcoming year while NOI growth surged 11.6% and its critical Disney development remains on track. While apparent near-term and longer-term risks remain for the student housing asset class, valuations now appear fairly attractive given the robust strength across the broader multifamily housing sector.
Reported Earnings • Jul 27Second quarter 2021 earnings released: US$0.068 loss per share (vs US$0.10 loss in 2Q 2020)The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2021 results: Revenue: US$208.5m (up 12% from 2Q 2020). Net loss: US$9.40m (loss narrowed 32% from 2Q 2020). Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings.
Seeking Alpha • Jun 22Why American Campus Communities May Be Your Smart BuyAmerican Campus Communities has unique advantages as the largest institutional player in the student housing space. It's set to benefit from universities increasingly seeking avenues to monetize and outsource their aging residences. I also highlight the dividend, balance sheet, valuation, and near-term outlook.
Recent Insider Transactions Derivative • Jun 05Executive VP & COO notifies of intention to sell stockJennifer Beese intends to sell 10k shares in the next 90 days after lodging an Intent To Sell Form on the 1st of June. If the sale is conducted around the recent share price of US$48.62, it would amount to US$486k. Since March 2021, Jennifer has owned 31.18k shares directly. Company insiders have collectively sold US$5.4m more than they bought, via options and on-market transactions in the last 12 months.
Recent Insider Transactions • Jun 05Executive VP & COO recently sold US$486k worth of stockOn the 2nd of June, Jennifer Beese sold around 10k shares on-market at roughly US$48.58 per share. In the last 3 months, there was an even bigger sale from another insider worth US$694k. This was Jennifer's only on-market trade for the last 12 months.
Major Estimate Revision • May 21Consensus forecasts updatedThe consensus outlook for 2021 has been updated. 2021 EPS estimate increased from US$0.069 to US$0.091. Revenue forecast steady at US$851.6m. Net income forecast to grow 521% next year vs 11% growth forecast for REITs industry in the US. Consensus price target broadly unchanged at US$47.88. Share price was steady at US$45.92 over the past week.
Executive Departure • May 05Independent Chairman of the Board Edward Lowenthal has left the companyOn the 28th of April, Edward Lowenthal's tenure as Independent Chairman of the Board ended after 5.7 years in the role. As of December 2020, Edward personally held 26.13k shares (US$1.1m worth at the time). A total of 2 executives have left over the last 12 months.
Major Estimate Revision • Apr 28Consensus forecasts updatedThe consensus outlook for 2021 has been updated. 2021 EPS estimate increased from US$0.02 to US$0.069. Revenue forecast steady at US$840.5m. Net income forecast to grow 321% next year vs 5.5% growth forecast for REITs industry in the US. Consensus price target up from US$45.13 to US$46.75. Share price was steady at US$44.82 over the past week.
Recent Insider Transactions • Apr 27President recently sold US$694k worth of stockOn the 22nd of April, James Hopke sold around 15k shares on-market at roughly US$45.50 per share. This was the largest sale by an insider in the last 3 months. This was James' only on-market trade for the last 12 months.
Reported Earnings • Apr 21First quarter 2021 earnings released: FFO US$0.59 per share (vs US$0.70 in 1Q 2020)The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2021 results: Revenue: US$232.7m (down 6.7% from 1Q 2020). Funds from operations (FFO): US$81.2m (down 15% from 1Q 2020). FFO margin: 35% (down from 39% in 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has increased by 6% per year, which means it is well ahead of earnings.
Major Estimate Revision • Apr 14Consensus forecasts updatedThe consensus outlook for 2021 has been updated. 2021 EPS estimate fell from US$0.11 to US$0.06 per share. Revenue forecast steady at US$847.9m. Net income forecast to shrink 60% next year vs 5.5% growth forecast for REITs industry in the US . Consensus price target of US$45.13 unchanged from last update. Share price was steady at US$43.70 over the past week.
Major Estimate Revision • Apr 01Consensus forecasts updatedThe consensus outlook for 2021 has been updated. 2021 EPS estimate increased from US$0.086 to US$0.11. Revenue forecast steady at US$851.4m. Net income forecast to shrink 60% next year vs 6.5% growth forecast for REITs industry in the US . Consensus price target of US$45.13 unchanged from last update. Share price was steady at US$43.17 over the past week.
Major Estimate Revision • Mar 10Analysts update estimatesThe 2021 consensus earning per share (EPS) estimate was lowered from US$0.15 to US$0.02. Revenue estimate was approximately flat at US$843.5m. Net income is expected to shrink by 50% next year compared to 4.1% growth forecast for the REITs industry in the US . The consensus price target of US$45.50 was unchanged from the last update. Share price stayed mostly flat at US$42.12 over the past week.
Reported Earnings • Feb 24Full year 2020 earnings released: FFO US$2.04 per share (vs US$2.55 in FY 2019)The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2020 results: Revenue: US$870.6m (down 7.7% from FY 2019). Funds from operations (FFO): US$281.1m (down 20% from FY 2019). FFO margin: 32% (down from 37% in FY 2019). Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 6% per year.
Analyst Estimate Surprise Post Earnings • Feb 24Earnings beat expectations, revenue disappointsRevenue missed analyst estimates by 1.9%. Earnings per share (EPS) exceeded analyst estimates by 20%. Over the next year, revenue is forecast to stay flat compared to a 3.7% growth forecast for the REITs industry in the US.
Is New 90 Day High Low • Feb 12New 90-day high: US$43.85The company is up 8.0% from its price of US$40.70 on 13 November 2020. The American market is up 14% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the REITs industry, which is up 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is US$49.56 per share.
Executive Departure • Jan 29Independent Director has left the companyOn the 27th of January, Carla Sublett's tenure as Independent Director ended after 1.6 years in the role. As of September 2020, Carla personally held 5.99k shares (US$209k worth at the time). Carla is the only executive to leave the company over the last 12 months.
Is New 90 Day High Low • Dec 04New 90-day high: US$42.64The company is up 19% from its price of US$35.82 on 04 September 2020. The American market is up 10.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the REITs industry, which is up 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is US$48.31 per share.
Reported Earnings • Nov 10Third quarter 2020 earnings released: FFO US$0.33 per shareThe company reported a poor third quarter result with weaker earnings, revenues and profit margins. Third quarter 2020 results: Revenue: US$202.7m (down 11% from 3Q 2019). Funds from operations (FFO): US$45.0m (down 48% from 3Q 2019). FFO margin: 22% (down from 38% in 3Q 2019). The decrease in margin was primarily driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings.
Analyst Estimate Surprise Post Earnings • Nov 10Revenue and earnings beat expectationsRevenue exceeded analyst estimates by 0.9%. Earnings per share (EPS) also surpassed analyst estimates by 1.2%. Over the next year, revenue is expected to shrink by 5.1% compared to a 2.8% growth forecast for the REITs industry in the US.
Is New 90 Day High Low • Nov 03New 90-day high: US$38.03The company is up 8.0% from its price of US$35.26 on 05 August 2020. The American market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the REITs industry, which is down 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is US$50.20 per share.
Reported Earnings • Oct 28Third quarter earnings releasedOver the last 12 months the company has reported total funds from operations (FFO) of US$281.0m, down 25% from the prior year. Total revenue was US$893.5m over the last 12 months, down 4.3% from the prior year.
Analyst Estimate Surprise Post Earnings • Oct 28Third-quarter earnings released: Revenue beats expectations, earnings disappointThird-quarter revenue exceeded analyst estimates by 0.9% at US$191.7m. Earnings per share (EPS) missed analyst estimates by 1.2% at -US$0.15. Revenue is expected to shrink by 5.0% over the next year, compared to a 1.6% growth forecast for the REITs industry in the US.
Is New 90 Day High Low • Oct 03New 90-day high: US$37.76The company is up 5.0% from its price of US$36.06 on 02 July 2020. The American market is up 9.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the REITs industry, which is flat over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is US$52.74 per share.
Recent Insider Transactions • Sep 25CEO & Director recently sold US$4.2m worth of stockOn the 22nd of September, William Bayless sold around 120k shares on-market at roughly US$35.12 per share. This was the largest sale by an insider in the last 3 months. This was William's only on-market trade for the last 12 months.
Major Estimate Revision • Sep 22Analysts update estimatesThe 2020 consensus earning per share (EPS) estimate was lowered from US$0.52 to US$0.45. Revenue estimate was approximately flat at US$839.7m. Net income is expected to shrink by 46% next year compared to 19% decline forecast for the REITs industry in the US. The consensus price target of US$40.30 was unchanged from the last update. Share price is down by 6.2% to US$34.40 over the past week.