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American Campus Communities

NYSE:ACC
Snowflake Description

6 star dividend payer with moderate growth potential.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
ACC
NYSE
$7B
Imp Market Cap
  1. Home
  2. US
  3. Real Estate
Company description

American Campus Communities, Inc. is the largest owner, manager and developer of high-quality student housing communities in the United States. The last earnings update was 16 days ago. More info.


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ACC Share Price and Events
7 Day Returns
0.9%
NYSE:ACC
0.2%
US REITs
-1%
US Market
1 Year Returns
12.2%
NYSE:ACC
8.2%
US REITs
-0.4%
US Market
ACC Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
American Campus Communities (ACC) 0.9% -1.2% 2.7% 12.2% -6.3% 20.7%
US REITs 0.2% 2% 2.9% 8.2% 8.7% 25%
US Market -1% -3.3% 0.4% -0.4% 30.4% 37.1%
1 Year Return vs Industry and Market
  • ACC outperformed the REITs industry which returned 8.2% over the past year.
  • ACC outperformed the Market in United States of America which returned -0.4% over the past year.
Price Volatility
ACC
Industry
5yr Volatility vs Market

Value

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

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of American Campus Communities to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for American Campus Communities.

NYSE:ACC Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity using Adjusted Funds From Operations
Levered Adjusted Funds From Operations Average of 6 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.5%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NYSE:ACC
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
REITs Unlevered Beta Simply Wall St/ S&P Global 0.47
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.474 (1 + (1- 21%) (54.18%))
0.783
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.8 * 5.96%)
7.5%

Discounted Cash Flow Calculation for NYSE:ACC using 2 Stage Free Cash Flow to Equity using Adjusted Funds From Operations Model

NYSE:ACC Discount to Share Price
Calculation Result
Value per share (USD) From above. $53.02
Current discount Discount to share price of $47.19
= -1 x ($47.19 - $53.02) / $53.02
11%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price American Campus Communities is available for.
Intrinsic value
11%
Share price is $47.19 vs Future cash flow value of $53.02
Current Discount Checks
For American Campus Communities to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • 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 RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for American Campus Communities's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are American Campus Communities's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NYSE:ACC PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-06-30) in USD $0.61
NYSE:ACC Share Price ** NYSE (2019-08-16) in USD $47.19
United States of America REITs Industry PE Ratio Median Figure of 153 Publicly-Listed REITs Companies 33.56x
United States of America Market PE Ratio Median Figure of 3,095 Publicly-Listed Companies 17.23x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of American Campus Communities.

NYSE:ACC PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:ACC Share Price ÷ EPS (both in USD)

= 47.19 ÷ 0.61

77.47x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • 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
Does American Campus Communities's expected growth come at a high price?
Raw Data
NYSE:ACC PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 77.47x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts
22.1%per year
United States of America REITs Industry PEG Ratio Median Figure of 140 Publicly-Listed REITs Companies 2.05x
United States of America Market PEG Ratio Median Figure of 2,124 Publicly-Listed Companies 1.4x

*Line of best fit is calculated by linear regression .

NYSE:ACC PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 77.47x ÷ 22.1%

3.5x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • American Campus Communities is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on American Campus Communities's assets?
Raw Data
NYSE:ACC PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-06-30) in USD $24.65
NYSE:ACC Share Price * NYSE (2019-08-16) in USD $47.19
United States of America REITs Industry PB Ratio Median Figure of 191 Publicly-Listed REITs Companies 1.93x
United States of America Market PB Ratio Median Figure of 5,265 Publicly-Listed Companies 1.7x
NYSE:ACC PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:ACC Share Price ÷ Book Value per Share (both in USD)

= 47.19 ÷ 24.65

1.91x

* Primary Listing of American Campus Communities.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • American Campus Communities is good value based on assets compared to the US REITs industry average.
X
Value checks
We assess American Campus Communities's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the REITs industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the REITs industry average (and greater than 0)? (1 check)
  5. American Campus Communities has a total score of 1/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

Future Performance

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

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
22.1%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is American Campus Communities expected to grow at an attractive rate?
  • American Campus Communities's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • American Campus Communities's earnings growth is expected to exceed the United States of America market average.
  • American Campus Communities's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NYSE:ACC Future Growth Rates Data Sources
Data Point Source Value (per year)
NYSE:ACC Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 6 Analysts 22.1%
NYSE:ACC Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 6 Analysts 3%
United States of America REITs Industry Earnings Growth Rate Market Cap Weighted Average 6.8%
United States of America REITs Industry Revenue Growth Rate Market Cap Weighted Average 4.7%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.5%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NYSE:ACC Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NYSE:ACC Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2021-12-31 952 130 1
2020-12-31 933 92 6
2019-12-31 891 72 5
NYSE:ACC Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-06-30 919 356 84
2019-03-31 903 349 119
2018-12-31 881 377 116
2018-09-30 863 341 107
2018-06-30 846 357 108
2018-03-31 824 361 59
2017-12-31 796 319 68
2017-09-30 773 311 54
2017-06-30 772 288 65
2017-03-31 779 310 86
2016-12-31 786 306 98
2016-09-30 785 328 101

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • American Campus Communities's earnings are expected to grow significantly at over 20% yearly.
  • American Campus Communities's revenue is expected to grow by 3% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NYSE:ACC Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below

All data from American Campus Communities Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:ACC Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2021-12-31 0.93 0.93 0.93 1.00
2020-12-31 0.65 0.80 0.54 5.00
2019-12-31 0.53 0.63 0.49 5.00
NYSE:ACC Past Financials Data
Date (Data in USD Millions) EPS *
2019-06-30 0.61
2019-03-31 0.87
2018-12-31 0.84
2018-09-30 0.78
2018-06-30 0.79
2018-03-31 0.44
2017-12-31 0.50
2017-09-30 0.40
2017-06-30 0.49
2017-03-31 0.65
2016-12-31 0.76
2016-09-30 0.81

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • American Campus Communities is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess American Campus Communities's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
American Campus Communities has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

Past Performance

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

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare American Campus Communities's growth in the last year to its industry (REITs).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • 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.
Earnings and Revenue History
American Campus Communities's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from American Campus Communities Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NYSE:ACC Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-06-30 918.84 83.52 30.10
2019-03-31 902.53 119.22 35.15
2018-12-31 880.81 115.57 34.54
2018-09-30 862.50 107.04 33.24
2018-06-30 845.97 108.12 34.74
2018-03-31 823.92 59.34 26.84
2017-12-31 796.45 67.50 26.87
2017-09-30 772.86 53.86 26.37
2017-06-30 772.33 64.85 23.06
2017-03-31 779.30 86.11 23.92
2016-12-31 786.36 97.72 22.49
2016-09-30 784.59 100.76 21.98
2016-06-30 768.99 93.03 21.85
2016-03-31 760.88 90.24 21.40
2015-12-31 753.38 114.91 20.84
2015-09-30 748.00 113.38 20.39
2015-06-30 749.12 105.69 19.76
2015-03-31 743.23 103.55 19.06
2014-12-31 733.92 59.04 18.68
2014-09-30 719.79 58.14 18.26
2014-06-30 696.25 58.15 17.59
2014-03-31 677.48 50.05 17.23
2013-12-31 657.46 43.96 16.54
2013-09-30 622.68 37.40 19.57
2013-06-30 577.04 42.06 23.22
2013-03-31 523.09 46.61 23.23
2012-12-31 466.10 44.34 22.97
2012-09-30 422.55 40.96 19.58

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • American Campus Communities has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • American Campus Communities used its assets less efficiently than the US REITs industry average last year based on Return on Assets.
  • American Campus Communities's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess American Campus Communities's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the REITs industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
American Campus Communities has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

Health

 How is American Campus Communities's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up American Campus Communities's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • 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.
Balance sheet
This treemap shows a more detailed breakdown of American Campus Communities's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from American Campus Communities Company Filings, last reported 1 month ago.

NYSE:ACC Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-06-30 3,626.80 3,245.04 51.54
2019-03-31 3,689.80 3,111.35 46.17
2018-12-31 3,731.25 3,027.60 71.34
2018-09-30 3,746.92 2,973.72 50.80
2018-06-30 3,815.44 2,827.26 52.61
2018-03-31 3,607.06 3,134.21 55.50
2017-12-31 3,631.13 3,024.71 41.27
2017-09-30 3,626.08 2,766.80 16.34
2017-06-30 3,623.05 2,360.68 25.48
2017-03-31 3,557.17 2,209.03 34.13
2016-12-31 3,505.57 2,126.40 22.14
2016-09-30 3,517.95 2,487.20 32.39
2016-06-30 3,498.27 2,594.75 206.74
2016-03-31 3,539.93 2,627.23 387.27
2015-12-31 2,841.17 2,950.74 16.66
2015-09-30 2,856.40 2,926.06 45.23
2015-06-30 2,893.06 2,736.54 8.77
2015-03-31 2,919.83 2,728.94 17.81
2014-12-31 2,669.76 2,975.03 25.06
2014-09-30 2,600.53 2,925.60 19.41
2014-06-30 2,637.20 2,914.70 64.32
2014-03-31 2,667.09 2,792.32 31.21
2013-12-31 2,678.53 2,745.85 38.78
2013-09-30 2,686.11 2,436.50 25.27
2013-06-30 2,696.20 2,451.37 25.59
2013-03-31 2,719.75 2,297.26 15.03
2012-12-31 2,734.59 2,227.77 21.45
2012-09-30 2,213.85 1,836.94 18.01
  • 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).
X
Financial health checks
We assess American Campus Communities's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. American Campus Communities has a total score of 2/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

Dividends

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

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
3.98%
Current annual income from American Campus Communities dividends. Estimated to be 4.05% next year.
If you bought $2,000 of American Campus Communities shares you are expected to receive $80 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • 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 (3.84%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NYSE:ACC Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 6 Analyst Estimates (S&P Global) See Below
United States of America REITs Industry Average Dividend Yield Market Cap Weighted Average of 183 Stocks 3.7%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 2009 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NYSE:ACC Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2021-12-31 1.96 3.00
2020-12-31 1.93 9.00
2019-12-31 1.87 8.00
NYSE:ACC Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-07-31 1.880 4.026
2019-05-01 1.880 3.999
2019-01-22 1.840 3.976
2018-10-31 1.840 4.373
2018-08-01 1.840 4.468
2018-05-02 1.840 4.481
2018-01-23 1.760 4.674
2017-11-01 1.760 4.253
2017-08-02 1.760 3.834
2017-05-04 1.760 3.721
2017-01-25 1.680 3.475
2016-11-03 1.680 3.496
2016-08-03 1.680 3.341
2016-07-26 1.680 3.142
2016-01-26 1.600 3.447
2015-11-05 1.600 4.002
2015-08-06 1.600 4.373
2015-05-07 1.600 4.131
2015-01-28 1.520 3.610
2014-10-30 1.520 3.710
2014-07-31 1.520 3.978
2014-05-01 1.520 3.907
2014-01-28 1.440 3.941
2013-10-30 1.440 4.338
2013-07-31 1.440 4.092
2013-05-02 1.440 3.481
2013-01-29 1.350 2.973
2012-08-01 1.350 2.976
2012-05-02 1.350 3.013
2012-01-27 1.350 3.119
2011-11-03 1.350 3.365
2011-08-03 1.350 3.580
2011-05-04 1.350 3.815
2011-01-28 1.350 4.138
2010-11-03 1.350 4.288
2010-08-05 1.350 4.431
2010-05-05 1.350 4.940
2010-01-29 1.350 4.874
2009-11-05 1.350 4.981
2009-08-05 1.350 5.169
2009-04-24 1.350 6.066
2009-02-02 1.350 7.234
2008-11-06 1.350 6.473

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • 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
What portion of American Campus Communities's earnings are paid to the shareholders as a dividend.
  • 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).
X
Income/ dividend checks
We assess American Campus Communities's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can American Campus Communities afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. American Campus Communities has a total score of 6/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

Management

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

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Bill Bayless
COMPENSATION $4,672,998
AGE 55
TENURE AS CEO 15.8 years
CEO Bio

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 August 2004. He is a co-founder of American Campus Communities, Inc. Mr. Bayless served as President at American Campus Communities, Inc. from October 2003 to January 2017. Mr. Bayless served as Executive Vice President and Chief Operating Officer of the predecessor entities from July 1995 to September 2003, where he directed all aspects of the predecessor entities’ business segments including business development, development and construction management, acquisitions and management services.. Mr. Bayless served as the Director of Operations for Century Development’s student housing division from 1991 to 1993. From 1988 to 1991, Mr. Bayless served as the Director of Marketing responsible for business development and marketing for the student housing division of Cardinal Industries. Mr. Bayless began his career in student housing with Allen & O’Hara where he held the positions of Resident Assistant, Resident Manager and Area Marketing Coordinator from 1984 to 1988. He spent the first six years of his career with traditional real estate companies. In 2007, he was the Regional Winner of the coveted Ernst and Young Entrepreneur of the Year award and was subsequently named as a National Finalist. In 2015, he was featured by Commercial Property Executive as one of commercial real estate’s Most Innovative Executives. In 2017, he was named the Ernst & Young Entrepreneur of the Year in the category of real estate, construction and lodging. He has also been featured in prominent publications, such as The Wall Street Journal, Forbes and The New York Times; has made numerous appearances on CNBC; and has been featured on ABC’s Nightline. He is frequently invited to speak nationally and at business schools regarding American Campus’ success and his personal success as an entrepreneur. He has been recognized by his alma mater, West Virginia University, where he was added to the College of Business & Economics Roll of Distinguished Alumni and has been inducted into the WVU Academy of Distinguished Alumni. He is also a Member of Mensa International. On the charitable front, he serves as the Chairman and was instrumental in the formation of American Campus Charities Foundation. He also currently serves one the Board for the Rise School of Austin.

CEO Compensation
  • Bill's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Bill's remuneration is lower than average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the American Campus Communities management team in years:

4.6
Average Tenure
47
Average Age
  • The tenure for the American Campus Communities management team is about average.
Management Team

Bill Bayless

TITLE
CEO & Director
COMPENSATION
$5M
AGE
55
TENURE
15.8 yrs

Jim Hopke

TITLE
President
COMPENSATION
$2M
AGE
57
TENURE
2.6 yrs

Daniel Perry

TITLE
Executive VP
COMPENSATION
$2M
AGE
45
TENURE
2.4 yrs

Jennifer Beese

TITLE
Executive VP & COO
COMPENSATION
$2M
AGE
45
TENURE
2.6 yrs

William Talbot

TITLE
Executive VP & Chief Investment Officer
COMPENSATION
$2M
AGE
44
TENURE
6.8 yrs

Kim Voss

TITLE
Executive VP
AGE
43
TENURE
2.6 yrs

Jorge de Cárdenas

TITLE
Executive VP & CTO
AGE
55
TENURE
7.4 yrs

Ryan Dennison

TITLE
SVP, Capital Markets & Investor Relations
TENURE
6.6 yrs

Brian Winger

TITLE
General Counsel
AGE
51
TENURE
10.5 yrs

Jason Wills

TITLE
Chief Marketing Officer
AGE
47
TENURE
1.6 yrs
Board of Directors Tenure

Average tenure and age of the American Campus Communities board of directors in years:

5.3
Average Tenure
60.5
Average Age
  • The tenure for the American Campus Communities board of directors is about average.
Board of Directors

Ed Lowenthal

TITLE
Independent Chairman of the Board
COMPENSATION
$255K
AGE
75
TENURE
4 yrs

Bill Bayless

TITLE
CEO & Director
COMPENSATION
$5M
AGE
55
TENURE
15 yrs

Cydney Donnell

TITLE
Director
COMPENSATION
$200K
AGE
59
TENURE
15 yrs

Steve Dawson

TITLE
Director
COMPENSATION
$208K
AGE
62
TENURE
15 yrs

Oliver Luck

TITLE
Director
COMPENSATION
$197K
AGE
59
TENURE
6.7 yrs

Mary Egan

TITLE
Independent Director
COMPENSATION
$155K
AGE
51
TENURE
0.9 yrs

Pat Oles

TITLE
Director
COMPENSATION
$185K
AGE
64
TENURE
5.3 yrs

John Rippel

TITLE
Independent Director
COMPENSATION
$305K
AGE
64
TENURE
1.4 yrs

Carla Piñeyro Sublett

TITLE
Independent Director
TENURE
0.1 yrs
Who owns this company?
Recent Insider Trading
  • No 3 month open market individual insider trading information.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
28. Nov 18 Sell Jorge de Cárdenas Individual 27. Nov 18 27. Nov 18 -11,262 $43.07 $-485,054
X
Management checks
We assess American Campus Communities's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. American Campus Communities has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

News

Simply Wall St News

Income Investors Should Know That American Campus Communities, Inc. (NYSE:ACC) Goes Ex-Dividend Soon

American Campus Communities's next dividend payment will be US$0.47 per share, on the back of last year when the company paid a total of US$1.88 to shareholders. … Check out our latest analysis for American Campus Communities Dividends are usually paid out of company profits, so if a company pays out more than it earned then its dividend is usually at greater risk of being cut. … Decent historical earnings per share growth suggests American Campus Communities has been effectively growing value for shareholders.

Simply Wall St -

American Campus Communities (NYSE:ACC) Shareholders Booked A 20% Gain In The Last Five Years

(NYSE:ACC) has fallen short of that second goal, with a share price rise of 20% over five years, which is below the market return. … Check out our latest analysis for American Campus Communities While markets are a powerful pricing mechanism, share prices reflect investor sentiment, not just underlying business performance. … During five years of share price growth, American Campus Communities achieved compound earnings per share (EPS) growth of 13% per year.

Simply Wall St -

How Many American Campus Communities, Inc. (NYSE:ACC) Shares Have Insiders Sold, In The Last Year?

So we'll take a look at whether insiders have been buying or selling shares in American Campus Communities, Inc. … As Peter Lynch said, 'insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise.' See our latest analysis for American Campus Communities The Last 12 Months Of Insider Transactions At American Campus Communities The Executive VP &amp; CTO, Jorge de Cárdenas, made the biggest insider sale in the last 12 months. … American Campus Communities insiders own about US$29m worth of shares.

Simply Wall St -

Want To Invest In American Campus Communities, Inc. (NYSE:ACC) Today? Read This First

American Campus Communities is trading at price-to-earnings (PE) ratio of 53.43x, this tells us the stock is overvalued compared to the US market average ratio of 17.73x , and overvalued based on current earnings compared to the REITs industry average of 32.59x. … But, to be able to properly assess the value of a high-growth stock such as American Campus Communities, we must incorporate its earnings growth in our valuation. … So, when we include the growth factor in our analysis, American Campus Communities appears somewhat overvalued , based on the fundamentals.

Simply Wall St -

Does American Campus Communities, Inc.'s (NYSE:ACC) CEO Pay Compare Well With Peers?

See our latest analysis for American Campus Communities How Does Bill Bayless's Compensation Compare With Similar Sized Companies? … Most shareholders would consider it a positive that Bill Bayless takes less total compensation than the CEOs of most similar size companies, leaving more for shareholders. … With a total shareholder return of 4.2% over three years, American Campus Communities, Inc.

Simply Wall St -

Based On Its ROE, Is American Campus Communities, Inc. (NYSE:ACC) A High Quality Stock?

The formula for return on equity is: Return on Equity = Net Profit ÷ Shareholders' Equity Or for American Campus Communities: 3.4% = US$119m ÷ US$3.7b (Based on the trailing twelve months to March 2019.) Most know that net profit is the total earnings after all expenses, but the concept of shareholders' equity is a little more complicated. … Does American Campus Communities Have A Good Return On Equity? … American Campus Communities's Debt And Its 3.4% ROE While American Campus Communities does have some debt, with debt to equity of just 0.84, we wouldn't say debt is excessive.

Simply Wall St -

Should You Invest In American Campus Communities, Inc. (NYSE:ACC)?

See our latest analysis for American Campus Communities A common financial term REIT investors should know is Funds from Operations, or FFO for short, which is a REIT's main source of income from its portfolio of property, such as rent. … This would take ACC 8.04 years to pay off using just operating income, which is a long time, and risk increases with time. … Instead of the P/E ratio, P/FFO is used instead, which is very common for REIT stocks.

Simply Wall St -

Here's Why We Think American Campus Communities (NYSE:ACC) Is Well Worth Watching

Like a firecracker arcing through the night sky, American Campus Communities's EPS shot from US$0.44 to US$0.87, over the last year. … I like to take a look at earnings before interest and (EBIT) tax margins, as well as revenue growth, to get another take on the quality of the company's growth. … American Campus Communities maintained stable EBIT margins over the last year, all while growing revenue 9.5% to US$903m.

Simply Wall St -

Should American Campus Communities, Inc. (NYSE:ACC) Be Part Of Your Dividend Portfolio?

(NYSE:ACC) tend to be popular with investors, and for good reason - some research shows that a significant amount of all stock market returns come from reinvested dividends. … Yet sometimes, investors buy a popular dividend stock because of its yield, and then lose money if the company's dividend doesn't live up to expectations. … When buying stocks for their dividends, you should always run through the checks below, to see if the dividend looks sustainable.

Simply Wall St -

Introducing American Campus Communities (NYSE:ACC), A Stock That Climbed 27% In The Last Five Years

(NYSE:ACC) has fallen short of that second goal, with a share price rise of 27% over five years, which is below the market return. … On a brighter note, more newer shareholders are probably rather content with the 25% share price gain over twelve months. … During five years of share price growth, American Campus Communities achieved compound earnings per share (EPS) growth of 15% per year.

Simply Wall St -

Company Info

Description

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 June 30, 2019, American Campus Communities owned 169 student housing properties containing approximately 108,800 beds. Including its owned and third-party managed properties, ACC's total managed portfolio consisted of 203 properties with approximately 133,100 beds.

Details
Name: American Campus Communities, Inc.
ACC
Exchange: NYSE
Founded: 1993
$6,516,404,715
$6,484,017,321
138,088,678
Website: http://www.americancampus.com
Address: American Campus Communities, Inc.
12700 Hill Country Boulevard,
Suite T-200,
Austin,
Texas, 78738,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE ACC Common Stock New York Stock Exchange US USD 12. Aug 2004
DB FGA Common Stock Deutsche Boerse AG DE EUR 12. Aug 2004
Number of employees
Current staff
Staff numbers
3,098
American Campus Communities employees.
Industry
Residential REITs
Real Estate
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/08/18 00:07
End of day share price update: 2019/08/16 00:00
Last estimates confirmation: 2019/08/07
Last earnings filing: 2019/08/02
Last earnings reported: 2019/06/30
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

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.