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.



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






US Market

1 Year Return






US Market

Return vs Industry: ACC exceeded the US REITs industry which returned 20.9% over the past year.

Return vs Market: ACC exceeded the US Market which returned 6.7% over the past year.

Share holder returns

7 Day-0.3%-0.4%1.0%
30 Day2.8%2.0%-1.8%
90 Day-0.1%4.0%-1.8%
1 Year28.5%23.3%26.3%20.9%9.1%6.7%
3 Year10.4%-2.4%34.5%17.3%46.1%36.6%
5 Year51.2%24.0%64.8%29.9%66.9%48.6%

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


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


Discount to future cash flow value

Intrinsic Value Based on Future Cash Flows

Undervalued: ACC ($48.61) is trading below our estimate of fair value ($50.99)

Significantly Undervalued: ACC is trading below fair value, but not by a significant amount.

Price Based on Earnings

PE vs Industry: ACC is poor value based on its PE Ratio (79.8x) compared to the REITs industry average (34.8x).

PE vs Market: ACC is poor value based on its PE Ratio (79.8x) compared to the US market (17.5x).

Price Based on Expected Growth

Low PEG Ratio: ACC is poor value based on its PEG Ratio (3.6x)

Price Based on Value of Assets

PB vs Industry: ACC is good value based on its PB Ratio (2x) compared to the US REITs industry average (2x).

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?


Forecasted annual earnings growth

Earnings and Revenue Growth Estimates

Future Annual Growth Analysis

Earnings vs Savings Rate: ACC's forecast earnings growth (22.1% per year) is above the savings rate (2.7%).

Earnings vs Market: ACC's earnings (22.1% per year) are forecast to grow faster than the US market (14.5% per year).

High Growth Earnings: earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: ACC's revenue (2.3% per year) is forecast to grow slower than the US market (7.3% per year).

High Growth Revenue: ACC's revenue (2.3% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Estimates

Future Return on Equity

High Future ROE: ACC's Return on Equity is forecast to be low in 3 years time (5.9%).

Next Steps

Past Performance

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


Historical annual earnings growth

Earnings and Revenue History

Past Earnings Growth Analysis

Earnings Trend: ACC's earnings have grown by 3.8% 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 (-22.8%) over the past year, making it difficult to compare to the REITs industry average (17%).

Return on Equity

High ROE: ACC's Return on Equity (2.4%) is considered low.

Return on Assets

ROA vs Industry: ACC's Return on Assets is below or equal to the REITs industry average last year.

Return on Capital Employed

ROCE Improving: ACC's Return on Capital Employed has declined over the past 3 years.

Next Steps

Financial Health

How is American Campus Communities's financial position? (This company is analysed differently as a bank or financial institution)

Financial Position Analysis

Debt to Equity History and Analysis

Balance Sheet

Inventory Level: ACC has a high level of physical assets or inventory.

Debt Coverage by Assets: ACC's debt is not covered by short term assets (assets are 0x debt).

Financial Institutions Analysis

Asset Level: ACC's level of assets compared to its equity is low.

Allowance for Bad Loans: Insufficient data to determine if ACC has a sufficient allowance for bad loans.

Low Risk Liabilities: ACC reports no customer deposits, loans are made up entirely of externally borrowed funds.

Loan Level: Insufficient data to determine if ACC has an acceptable proportion of non-loan assets held.

Low Risk Deposits: ACC has advanced significantly more loans than the customer deposits it holds.

Level of Bad Loans: Insufficient data to determine if ACC has an appropriate level of bad loans.

Next Steps


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


Expected Dividend Yield

Dividend Yield vs Market


Current dividend yield vs market & industry

Dividend Yield and Payments Analysis

Notable Dividend: ACC's dividend (3.87%) is higher than the bottom 25% of dividend payers in the US market (1.46%).

High Dividend: ACC's dividend (3.87%) is in the top 25% of dividend payers in the US market (3.77%)

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 (73.3%), 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).

Next Steps


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


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 ($USD4.67M) is about average for companies of similar size in the US market ($USD6.81M).

Compensation vs Earnings: Bill's compensation has been consistent with company performance over the past year.

Management Age and Tenure


Average Tenure


Average Age

Experienced Management: ACC's management team is considered experienced (4.8 years average tenure).

Board Age and Tenure


Average Tenure


Average Age

Experienced Board: ACC's board of directors are considered experienced (5.4 years average tenure).

Insider Trading

Insider Buying: ACC insiders have only sold shares in the past 3 months.

Recent Insider Transactions

SellUS$586,97901 Oct 19
Oliver Luck
Member of the Board of Directors
Independent Director
Max PriceUS$48.05
SellUS$485,05428 Nov 18
Jorge de Cárdenas
Chief Technology Officer
Executive VP & CTO
Max PriceUS$43.07

Ownership Breakdown

Management Team

  • Brian Winger (51yo)

    General Counsel

    • Tenure: 10.7yrs
  • Jason Wills (47yo)

    Chief Marketing Officer

    • Tenure: 1.8yrs
  • Bill Bayless (55yo)

    CEO & Director

    • Tenure: 16yrs
    • Compensation: US$4.67m
  • Kim Voss (43yo)

    Executive VP

    • Tenure: 2.8yrs
  • Jim Hopke (57yo)


    • Tenure: 2.8yrs
    • Compensation: US$1.98m
  • William Talbot (44yo)

    Executive VP & Chief Investment Officer

    • Tenure: 6.9yrs
    • Compensation: US$1.90m
  • Jorge de Cárdenas (55yo)

    Executive VP & CTO

    • Tenure: 7.6yrs
  • Daniel Perry (45yo)

    Executive VP

    • Tenure: 2.6yrs
    • Compensation: US$1.69m
  • Jennifer Beese (45yo)

    Executive VP & COO

    • Tenure: 2.8yrs
    • Compensation: US$1.73m
  • Ryan Dennison

    SVP, Capital Markets & Investor Relations

    • Tenure: 6.8yrs

Board Members

  • Steve Dawson (62yo)

    Independent Director

    • Tenure: 15.2yrs
    • Compensation: US$207.50k
  • John Rippel (64yo)

    Independent Director

    • Tenure: 1.6yrs
    • Compensation: US$304.67k
  • Ed Lowenthal (75yo)

    Independent Chairman of the Board

    • Tenure: 4.2yrs
    • Compensation: US$255.00k
  • Bill Bayless (55yo)

    CEO & Director

    • Tenure: 16yrs
    • Compensation: US$4.67m
  • Cydney Donnell (59yo)

    Independent Director

    • Tenure: 15.2yrs
    • Compensation: US$200.00k
  • Pat Oles (64yo)

    Independent Director

    • Tenure: 5.4yrs
    • Compensation: US$185.00k
  • Oliver Luck (59yo)

    Independent Director

    • Tenure: 6.8yrs
    • Compensation: US$197.00k
  • Mary Egan (51yo)

    Independent Director

    • Tenure: 1.1yrs
    • Compensation: US$154.95k
  • Carla Piñeyro Sublett

    Independent Director

    • Tenure: 0.3yrs

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$6.712b
  • Market Cap: US$6.679b
  • Shares outstanding: 138.09m
  • Website: https://www.americancampus.com

Number of Employees


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


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

Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/14 01:40
End of Day Share Price2019/10/11 00:00
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.


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