Evercore ISI analyst Steve Sakwa reiterated a Hold rating on American Campus (NYSE:ACC) Communities Inc on Wednesday, setting a price target of $48, which is approximately 4.44% above the present share price of $45.96.
Sakwa expects American Campus Communities Inc to post earnings per share (EPS) of $0.18 for the second quarter of 2021.
The current consensus among 4 TipRanks analysts is for a Moderate Buy rating of shares in American Campus, with an average price target of $47.
The analysts price targets range from a high of $49 to a low of $45.
In its latest earnings report, released on 12/31/2020, the company reported a quarterly revenue of $232.96 million and a net profit of $51.11 million. The company's market cap is $6.34 billion.
According to TipRanks.com, Evercore ISI analyst Steve Sakwa is currently ranked with 2 stars on a 0-5 stars ranking scale, with an average return of 1.2% and a 57.02% success rate.
American Campus Communities, Inc. engages in the development, ownership, and management of student housing communities. It operates through the following segments: Owned Properties, On-Campus Participating Properties, Development Services, and Property Management Services. The Owned Properties segment refers to location with close proximity to the school campus, generally with pedestrian, bicycle, and university shuttle access. The On-Campus Participating Properties segment comprises of on-campus properties which are operated under long-term ground or facility leases with university systems. The Development Services segment includes development and construction management services that the company provides through taxable real estate investment trust subsidiaries for third-party owners. The Property Management Services segment covers marketing, leasing administration, facilities maintenance, business administration, accounts payable, accounts receivable, financial reporting, capital projects, and residence life student development. The company was founded by William C. Bayless Jr. in 1993 and is headquartered in Austin, TX.