American Campus Communities, Inc. is the largest owner, manager and developer of high-quality student housing communities in the United States.
6 star dividend payer and slightly overvalued.
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
Stable Share Price: ACC's share price has been volatile over the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: ACC underperformed the US REITs industry which returned -14.1% over the past year.
Return vs Market: ACC underperformed the US Market which returned -6.8% over the past year.
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
4 weeks ago | Simply Wall StTrade Alert: The Independent Director Of American Campus Communities, Inc. (NYSE:ACC), John Rippel, Has Just Spent US$425k Buying Shares
1 month ago | Simply Wall StShould We Be Cautious About American Campus Communities, Inc.'s (NYSE:ACC) ROE Of 2.5%?
2 months ago | Simply Wall StShould You Be Worried About Insider Transactions At American Campus Communities, Inc. (NYSE:ACC)?
Is American Campus Communities undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: ACC ($34.05) is trading below our estimate of fair value ($49.87)
Significantly Below Fair Value: ACC is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: ACC is poor value based on its PE Ratio (56.3x) compared to the REITs industry average (25.2x).
PE vs Market: ACC is poor value based on its PE Ratio (56.3x) compared to the US market (13.6x).
Price to Earnings Growth Ratio
PEG Ratio: ACC is poor value based on its PEG Ratio (4.2x)
Price to Book Ratio
PB vs Industry: ACC is overvalued based on its PB Ratio (1.4x) compared to the US REITs industry average (1.4x).
How is American Campus Communities forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: ACC's forecast earnings growth (13.4% per year) is above the savings rate (1.7%).
Earnings vs Market: ACC's earnings (13.4% per year) are forecast to grow faster than the US market (11.4% per year).
High Growth Earnings: ACC's earnings are forecast to grow, but not significantly.
Revenue vs Market: ACC's revenue (1.6% per year) is forecast to grow slower than the US market (6.9% per year).
High Growth Revenue: ACC's revenue (1.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: ACC's Return on Equity is forecast to be low in 3 years time (4.5%).
How has American Campus Communities performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ACC has high quality earnings.
Growing Profit Margin: ACC's current net profit margins (8.8%) are lower than last year (13.1%).
Past Earnings Growth Analysis
Earnings Trend: ACC's earnings have grown by 0.3% per year over the past 5 years.
Accelerating Growth: ACC's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: ACC had negative earnings growth (-28.1%) over the past year, making it difficult to compare to the REITs industry average (4.3%).
Return on Equity
High ROE: ACC's Return on Equity (2.5%) is considered low.
How is American Campus Communities's financial position?
Financial Position Analysis
Short Term Liabilities: ACC's short term assets ($146.1M) exceed its short term liabilities ($100.2M).
Long Term Liabilities: ACC's short term assets ($146.1M) do not cover its long term liabilities ($4.0B).
Debt to Equity History and Analysis
Debt Level: ACC's debt to equity ratio (98.8%) is considered high.
Reducing Debt: ACC's debt to equity ratio has reduced from 111.2% to 98.8% over the past 5 years.
Debt Coverage: ACC's debt is not well covered by operating cash flow (10.9%).
Interest Coverage: ACC's interest payments on its debt are not well covered by EBIT (1.8x coverage).
What is American Campus Communities's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: ACC's dividend (5.52%) is higher than the bottom 25% of dividend payers in the US market (1.87%).
High Dividend: ACC's dividend (5.52%) is in the top 25% of dividend payers in the US market (5.12%)
Stability and Growth of Payments
Stable Dividend: ACC's dividends per share have been stable in the past 10 years.
Growing Dividend: ACC's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (73.8%), ACC's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: ACC's dividends in 3 years are forecast to be thoroughly covered by earnings (0.5% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Bill Bayless (55yo)
Mr. William C. Bayless, Jr., also known as Bill, has been Chief Executive Officer of American Campus Communities, Inc. (“American Campus”) since October 2003 and has served on its Board of Directors since ...
CEO Compensation Analysis
Compensation vs Market: Bill's total compensation ($USD5.80M) is about average for companies of similar size in the US market ($USD5.53M).
Compensation vs Earnings: Bill's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
|CEO & Director||16.5yrs||US$5.80m||0.15% $6.5m|
|Executive VP||3.08yrs||US$2.17m||0.032% $1.4m|
|Executive VP & COO||3.25yrs||US$2.26m||0.014% $638.5k|
|Executive VP & Chief Investment Officer||7.42yrs||US$2.46m||0.041% $1.8m|
|Executive VP||3.25yrs||no data||0.036% $1.6m|
|Executive VP & CTO||8.08yrs||no data||0.030% $1.3m|
|SVP, Capital Markets & Investor Relations||7.25yrs||no data||no data|
|General Counsel||11.17yrs||no data||no data|
|Chief Marketing Officer||2.25yrs||no data||no data|
Experienced Management: ACC's management team is seasoned and experienced (5.3 years average tenure).
|CEO & Director||16.5yrs||US$5.80m||0.15% $6.5m|
|Independent Director||15.67yrs||US$215.00k||0.0073% $322.1k|
|Independent Director||2.08yrs||US$192.50k||0.024% $1.1m|
|Independent Chairman of the Board||4.67yrs||US$262.50k||0.015% $681.5k|
|Independent Director||15.67yrs||US$211.25k||0.016% $692.1k|
|Independent Director||5.92yrs||US$192.50k||0.0031% $136.0k|
|Independent Director||7.33yrs||US$207.50k||0.0034% $149.8k|
|Independent Director||1.58yrs||US$203.50k||0.0038% $168.8k|
|Independent Director||0.75yr||US$171.90k||0.0017% $77.1k|
Experienced Board: ACC's board of directors are considered experienced (5.9 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: ACC insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
American Campus Communities, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: American Campus Communities, Inc.
- Ticker: ACC
- Exchange: NYSE
- Founded: 1993
- Industry: Residential REITs
- Sector: Real Estate
- Implied Market Cap: US$4.431b
- Market Cap: US$4.683b
- Shares outstanding: 138.21m
- Website: https://www.americancampus.com
Number of Employees
- American Campus Communities, Inc.
- 12700 Hill Country Boulevard
- Suite T-200
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|ACC||NYSE (New York Stock Exchange)||Yes||Common Stock||US||USD||Aug 2004|
|FGA||DB (Deutsche Boerse AG)||Yes||Common Stock||DE||EUR||Aug 2004|
|FGA||BRSE (Berne Stock Exchange)||Yes||Common Stock||CH||CHF||Aug 2004|
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 December 31, 2019, American Campus Communities owned 167 student housing properties containing approximately 112,800 beds. Including its owned and third-party managed properties, ACC's total managed portfolio consisted of 203 properties with approximately 139,300 beds.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/04/09 23:52|
|End of Day Share Price||2020/04/09 00:00|
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.