NYSE:ACC

Stock Analysis Report

American Campus Communities

Executive Summary

American Campus Communities, Inc. is the largest owner, manager and developer of high-quality student housing communities in the United States.

Snowflake

Fundamentals

6 star dividend payer with moderate growth potential.


Similar Companies

Share Price & News

How has American Campus Communities's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0.9%

NYSE:ACC

1.0%

US REITs

0.2%

US Market


1 Year Return

12.7%

NYSE:ACC

9.1%

US REITs

-0.7%

US Market

ACC outperformed the REITs industry which returned 9.1% over the past year.

ACC outperformed the Market in United States of America which returned -0.7% over the past year.


Share holder returns

ACCIndustryMarket
7 Day0.9%1.0%0.2%
30 Day-2.5%3.6%-2.7%
90 Day0.5%3.0%1.6%
1 Year17.5%12.7%14.0%9.1%1.6%-0.7%
3 Year5.7%-6.5%24.2%8.0%40.0%30.9%
5 Year45.0%18.9%58.6%24.8%53.8%36.8%

Price Volatility Vs. Market

How volatile is American Campus Communities's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is American Campus Communities undervalued based on future cash flows and its price relative to the stock market?

12%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

American Campus Communities's share price is below the future cash flow value, but not at a moderate discount (< 20%).

American Campus Communities's share price is below the future cash flow value, but not at a substantial discount (< 40%).


Price Based on Earnings

American Campus Communities is overvalued based on earnings compared to the US REITs industry average.

American Campus Communities is overvalued based on earnings compared to the United States of America market.


Price Based on Expected Growth

American Campus Communities is poor value based on expected growth next year.


Price Based on Value of Assets

American Campus Communities is good value based on assets compared to the US REITs industry average.


Next Steps

Future Growth

How is American Campus Communities expected to perform in the next 1 to 3 years based on estimates from 6 analysts?

22.1%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

American Campus Communities's revenue is expected to grow by 3% yearly, however this is not considered high growth (20% yearly).

American Campus Communities's earnings are expected to grow significantly at over 20% yearly.

American Campus Communities's revenue growth is positive but not above the United States of America market average.

American Campus Communities's earnings growth is expected to exceed the United States of America market average.

American Campus Communities's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

American Campus Communities is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has American Campus Communities performed over the past 5 years?

3.8%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

American Campus Communities's year on year earnings growth rate has been positive over the past 5 years.

American Campus Communities's 1-year earnings growth is negative, it can't be compared to the 5-year average.

American Campus Communities's 1-year earnings growth is negative, it can't be compared to the US REITs industry average.


Return on Equity

American Campus Communities has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

American Campus Communities used its assets less efficiently than the US REITs industry average last year based on Return on Assets.


Return on Capital Employed

American Campus Communities's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is American Campus Communities's financial position?


Financial Position Analysis

American Campus Communities is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.

American Campus Communities's long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

American Campus Communities's level of debt (89.5%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has been reduced over the past 5 years (110.5% vs 89.5% today).

Debt is not well covered by operating cash flow (11%, less than 20% of total debt).

Interest payments on debt are not well covered by earnings (EBIT is 1.8x annual interest expense, ideally 3x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is not covered by short term assets, assets are 0x debt.


Next Steps

Dividend

What is American Campus Communities's current dividend yield, its reliability and sustainability?

4.08%

Expected Dividend Yield


Dividend Yield and Payments Analysis

American Campus Communities's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.49%).

American Campus Communities's dividend is above the markets top 25% of dividend payers in United States of America (3.85%).

Dividends per share have been stable in the past 10 years.

Dividends per share have increased over the past 10 years.


Current Payout to Shareholders

Dividends paid are covered by earnings (1.4x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be thoroughly covered by earnings (184.8x coverage).


Next Steps

Management

What is the CEO of American Campus Communities's salary, the management and board of directors tenure and is there insider trading?

4.6yrs

Average management tenure


CEO

Bill Bayless (55yo)

15.8yrs

Tenure

US$4,672,998

Compensation

Mr. William C. Bayless, Jr., also known as Bill, has been Chief Executive Officer of American Campus Communities, Inc. (“American Campus”) since October 2003 and has served on its Board of Directors since  ...


CEO Compensation Analysis

Bill's remuneration is lower than average for companies of similar size in United States of America.

Bill's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

4.6yrs

Average Tenure

47yo

Average Age

The tenure for the American Campus Communities management team is about average.


Board Age and Tenure

5.3yrs

Average Tenure

60.5yo

Average Age

The tenure for the American Campus Communities board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Recent Insider Transactions

SellUS$485,05428 Nov 18
Jorge de Cárdenas
EntityIndividual
Role
Chief Technology Officer
Executive VP & CTO
Shares11,262
Max PriceUS$43.07

Ownership Breakdown


Management Team

  • Brian Winger (51yo)

    General Counsel

    • Tenure: 10.5yrs
  • Jason Wills (47yo)

    Chief Marketing Officer

    • Tenure: 1.6yrs
  • Bill Bayless (55yo)

    CEO & Director

    • Tenure: 15.8yrs
    • Compensation: US$4.67m
  • Kim Voss (43yo)

    Executive VP

    • Tenure: 2.6yrs
  • Jim Hopke (57yo)

    President

    • Tenure: 2.6yrs
    • Compensation: US$1.98m
  • William Talbot (44yo)

    Executive VP & Chief Investment Officer

    • Tenure: 6.8yrs
    • Compensation: US$1.90m
  • Jorge de Cárdenas (55yo)

    Executive VP & CTO

    • Tenure: 7.4yrs
  • Daniel Perry (45yo)

    Executive VP

    • Tenure: 2.4yrs
    • Compensation: US$1.69m
  • Jennifer Beese (45yo)

    Executive VP & COO

    • Tenure: 2.6yrs
    • Compensation: US$1.73m
  • Ryan Dennison

    SVP, Capital Markets & Investor Relations

    • Tenure: 6.6yrs

Board Members

  • Steve Dawson (62yo)

    Director

    • Tenure: 15.0yrs
    • Compensation: US$207.50k
  • John Rippel (64yo)

    Independent Director

    • Tenure: 1.4yrs
    • Compensation: US$304.67k
  • Ed Lowenthal (75yo)

    Independent Chairman of the Board

    • Tenure: 4.0yrs
    • Compensation: US$255.00k
  • Bill Bayless (55yo)

    CEO & Director

    • Tenure: 15.8yrs
    • Compensation: US$4.67m
  • Cydney Donnell (59yo)

    Director

    • Tenure: 15.0yrs
    • Compensation: US$200.00k
  • Pat Oles (64yo)

    Director

    • Tenure: 5.3yrs
    • Compensation: US$185.00k
  • Oliver Luck (59yo)

    Director

    • Tenure: 6.7yrs
    • Compensation: US$197.00k
  • Mary Egan (51yo)

    Independent Director

    • Tenure: 0.9yrs
    • Compensation: US$154.95k
  • Carla Piñeyro Sublett

    Independent Director

    • Tenure: 0.1yrs

Company Information

American Campus Communities, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: American Campus Communities, Inc.
  • Ticker: ACC
  • Exchange: NYSE
  • Founded: 1993
  • Industry: Residential REITs
  • Sector: Real Estate
  • Implied Market Cap: US$6.454b
  • Market Cap: US$6.443b
  • Shares outstanding: 138.09m
  • Website: https://www.americancampus.com

Number of Employees


Location

  • American Campus Communities, Inc.
  • 12700 Hill Country Boulevard
  • Suite T-200
  • Austin
  • Texas
  • 78738
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
ACCNYSE (New York Stock Exchange)YesCommon StockUSUSDAug 2004
FGADB (Deutsche Boerse AG)YesCommon StockDEEURAug 2004

Biography

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-admi ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/21 23:53
End of Day Share Price2019/08/21 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.