|Bid||46.94 x 800|
|Ask||0.00 x 1300|
|Day's Range||46.45 - 47.77|
|52 Week Range||38.40 - 49.33|
|Beta (3Y Monthly)||0.32|
|PE Ratio (TTM)||78.17|
|Earnings Date||Oct 21, 2019|
|Forward Dividend & Yield||1.88 (3.98%)|
|1y Target Est||50.33|
As enrollment skyrockets at Texas State University in San Marcos, the school is in need of a lot more housing for underclassmen and transfer students. Click through to find out which developer has been selected to build a dormitory with at least 2,100 beds.
American Campus Communities, Inc. (ACC), the largest owner, manager and developer of high-quality student housing properties in the U.S., today announced that the company will report financial results for the third quarter after the market close on Monday, October 21, 2019. Forward-looking statements are not guarantees of future performance and involve certain risks and uncertainties, which are difficult to predict.
American Campus Communities (ACC) joined Northeastern University and the City of Boston today to commemorate the opening of LightView, the newest student living community that represents an innovative approach to housing more students through public-private partnerships with universities. Conveniently located at 744 Columbus Avenue adjacent to the southeastern border of Northeastern’s campus, the opening of the new 20-story residential tower marks a key milestone for the “Housing A Changing City: Boston 2030” initiative which aims to improve the quality and quantity of housing for students attending Boston institutions of higher education.
When you buy and hold a stock for the long term, you definitely want it to provide a positive return. Furthermore...
Rating Action: Moody's affirms all ratings of American Campus, stable outlook. Global Credit Research- 21 Aug 2019. New York, August 21, 2019-- Moody's Investors Service has affirmed the ratings of American ...
American Campus Communities (ACC), the largest student housing company in the U.S., owns 169 student housing properties with about 108,800 beds. Including third-party managed properties, the company's managed portfolio encompasses 203 properties with 133,000 beds, explains Jacob Kilstein, an analyst with Argus Research.
It looks like American Campus Communities, Inc. (NYSE:ACC) is about to go ex-dividend in the next 2 days. This means...
With the U.S. stock market up so much year to date, investors should also be focusing on investments that will be sustained even if the S&P 500 Index takes a pause. And real estate Investment Trusts (REITs) are stocks that are literally based on solid foundations.When most investors think about growth in the stock market, REITs don't immediately come to mind. After all, how can sleepy bits of real estate compete with all of the other facets of the stock market?But real estate has a few things going for it. To start, as the adage goes: when it comes to land, they aren't making any more of it. Well, that's mostly true except for certain markets such as the territories around Hong Kong and Victoria Harbour.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThen there are the many adaptations of land -- from residences for technology workers to housing the actual technology, from residential to office and of course data centers.And of course, there is the income that comes from real estate. And for REITs, the dividends are in general much higher than the general market. The yield for the S&P 500 Index is currently 1.87% while the yield for REITs are tracked by the Bloomberg U.S. REIT Index is much higher at 4.15%. * 7 Stocks to Sell This Summer Earnings Season Moreover, thanks to the Tax Cuts & Jobs Act of 2017, REIT dividends are worth even more on an after-tax basis. This comes from a line-item in the TCJA whereby investors get to deduct 20% of the dividend income from their taxable income. Growth & Income from REITsThe great combination of underlying property value improvement and tax-advantaged income continues to result in better performance in REITs.For the past trailing year, REITs -- as tracked by the Bloomberg REIT Index -- have earned a return of 14.8%, which is significantly higher than the return for the S&P 500 Index at 9.24%. In addition, during the big sell-off in stocks during the fourth quarter of last year, REITs did drop in return by 6.1% -- but that was way better than the drop in the S&P 500 Index of 13.5%.Bloomberg US REIT Index & S&P 500 Index Source BloombergNow, the same question has to be asked of REITs as of the S&P 500 Index -- is the market still a value?Well, to start, the REITs reporting so far for the second calendar quarter have shown revenue gains averaging 14.6%, with earnings advancing by 17.2%. That's significantly better than for the general stock market reporting so far.But what about value? On a price-to-book basis REITs are sitting on average at 2.56 times which is well-below highs seen early this year and highs over the past five years. And the underlying book value itself has been strongly on the rise. This is important as buying REITs just like for individual properties means not paying too much for the land and buildings.Bloomberg US REIT Index Price to Book Value (Orange) and Underlying Book Value Per Share (Olive) Source BloombergI have a large and diverse collection of REITs in the model portfolios of Profitable Investing. And from a value standpoint, the average price to book value for all of them is at a bargain level of less than 2 times. This means that my REITs are even better buys right now than even the value-priced general REIT market.And as noted above, REITs are reporting higher revenue and earnings so far for the quarter. But one of the specific metrics for profitability comes from the rate of return from funds from operations (FFO). This measures the profits that REITs make from just the core business of collecting rents from their tenants.There are several REITs with significantly higher FFO returns, but on average for our collection the FFO return is running at over 10%, which remains quite positive and is supportive for higher dividend payments. 3 REITs to RecognizeAs noted above, I have a collection of REITs in my model portfolios. All make for great buys. But here are three to recognize for their particular opportunities.I'll start off with American Campus Communities (NYSE:ACC). This REIT has educational properties focused primarily on dorms for colleges and universities. This is an attractive market since it has a captive market for students that need or want to live near where their classes and activities are happening. The space has been so good that one by one, the leading public REITs in this market have been bought out by non-public investments and private equity.American Campus Communities (ACC) Total Return Source BloombergACC is the one focused REIT still here. And it is performing with the trailing-year return of a much better 20.7%. Revenues are up by 10.6% with a return from funds from operations (FFO) at a nice 10%.It is a value too at only 1.91 times its book of business, including its properties. And the dividend is an attractive 4% and has been climbing over the past five years by an average of 4.85%.Next is WP Carey (NYSE:WPC) which I've followed since it came to the public market back in the late 1990's. WP Carey is a large, diversified REIT with assets around the U.S. and the globe. Its focus is on doing sale-lease-back transactions, which have owners and occupiers sell their properties and in turn lease them back from WPC. And it also focuses on triple-net leases, whereby tenants pay insurance, upkeep and taxes leaving WPC to avoid these costs and risks.WP Carey (WPC) Total Return Source BloombergThe return over the past trailing year is a whopping 38.7%. And while revenues have slowed a bit recently to a gain of 4.4%, the FFO return is better at 11.6%. And it is also a bargain at only 2.05 times its book value.And the dividend which keeps rising every quarter by policy is even more attractive at 4.9%.And last up is Medical Properties Trust (NYSE:MPW) which I added to the Total Return Portfolio in the March Issue. This REIT is focused on health care properties from hospitals to other facilities. And like WP Carey, MPW focuses on net leases, which lowers costs and operating risks.Medical Properties Trust (MPW) Total Return Source BloombergThe trailing year return is running at 32.9%, and yet the stock is only trading at 1.42 times its book value. Revenues are rising at 11.3% and the FFO return is running at 10.9%. And it has a dividend distribution yielding 5.7%, with the distribution rising on average over the past five years by 3.8%.Now that I've presented my way to invest in the solid and lucrative real estate investment trust market, perhaps you might like to see more of my market research and recommendations for further safer growth and bigger reliable income. For more, look at my Profitable Investing. Click here to learn more.In addition, if you find yourself in San Francisco on Aug. 15-17, please join me at the MoneyShow, where I'll be presenting my economic and market analysis and my latest investment themes and recommendations. For more information, click here.Neil George is the editor of Profitable Investing and does not have any holdings in the securities mentioned above, but they may be held in his model portfolios. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 5G Stocks to Connect Your Portfolio To * 7 Stocks to Sell This Summer Earnings Season * 6 Upcoming IPOs for July The post 3 REITs to Buy to Build a Solid Foundation appeared first on InvestorPlace.
Moody's Investors Service has upgraded the ratings on Hampton Roads PPV, LLC (VA), Military Housing Taxable Revenue Bonds (Hampton Roads Unaccompanied Project), 2007 Series A Class II Bonds and 2007 Series A Class III Bonds (the "Class II Bonds" and Class III Bonds", respectively) to Ba2 from Ba3 and revised the outlook to stable from positive. Additionally, we have affirmed the Baa3 rating on Military Housing Taxable Revenue Bonds (Hampton Roads Unaccompanied Project), 2007 Series A Class I Bonds (the " Class I Bonds") and maintained the stable outlook.
American Campus Communities (ACC) delivered FFO and revenue surprises of 3.70% and -0.38%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?
American Campus Communities (ACC) has been upgraded to a Zacks Rank 1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Google the words "back to school," and you get about 11.8 billion results. Going back to school is a ritual almost as old as man. Every year, come August, parents struggle to get their kids ready for the year ahead. Whether you're the most organized person in the world or the least, getting the kids prepped, no matter how old they are, isn't easy. However, if you're expecting an article about some of the ways to make your life easier, you've come to the wrong place. InvestorPlace - Stock Market News, Stock Advice & Trading TipsThis article is about the best stocks to buy to make the student's life easier. In some manner, all seven of these stocks participate in the daily lives of students. Some more than others, but they all have a role to play in a student's academic career. * 9 Retail Stocks Goldman Sachs Says Are Ready to Rip Buy these seven and you might just pay for part of your child's education down the road. Best Stocks for Students: Starbucks (SBUX)Source: Shutterstock Ever since Starbucks (NASDAQ:SBUX) first introduced free WiFi in their cafes in 2011, you can go into a location at any time of day and see students typing away at their keyboards. If the location is near a university, you can expect it to be rammed with students. Even though there are frugal individuals who take advantage of the freebie by staying for hours on end, while buying nothing but the original coffee they purchased upon entering the store -- Starbucks wouldn't continue to provide free WiFi if it didn't get an absolute return from the cost of providing it. Sure, most Starbucks are staffed with friendly people, but the name of the game is profits; Starbucks likely takes the WiFi usage data in combination with its Starbucks Rewards data to deliver the ultimate profitability for shareholders and the company. It's hard to imagine what coffee shops would be like today if big chains like Starbucks didn't roll out free WiFi. Students might have to enjoy the coffee and talk to friends. Sysco (SYY)There are two things that students, especially those in college, do without fail: Get together with friends to chat about their life and eat. If they're like me, they eat a lot. That's where Sysco (NYSE:SYY) comes in. Sysco is the world's leading food service distributor delivering food products to facilities all over the world. Sysco generates approximately 8% of its revenue from education and government. While restaurants are by far the biggest revenue-generator accounting for 62% of sales, you can be sure that the exact number for education, if you include restaurants operating near or independent of schools, is much higher. Currently, Sysco is in the middle of several cost-saving initiatives intended to increase efficiencies while sending more to the bottom line. Included in the efforts is the company's rationalization of its Canadian operations to service its many regions more efficiently. It makes sense to me. American companies often don't get Canada right. In the third quarter ended March 30, Sysco increased revenues by 2.2% year over year to $14.7 billion generating operating income of $529.6 million, 9.8% higher than a year earlier, a sign its cost-saving initiatives are gaining traction. * 7 Dependable Dividend Stocks to Buy Yielding about 2%, as long as people keep eating, SYY stock will continue to provide good shareholder returns. American Campus Communities (ACC)Student housing is much like the food service industry. As long as kids are going to school away from home and need somewhere to live, companies like American Campus Communities (NYSE:ACC) will continue to make lots of money for shareholders. Up 18.5% year to date, ACC has had a spotty performance in recent years compared to the rest of its peers in the residential REIT industry.However, long-term, I believe that the changes happening in student housing will be very beneficial to American Campus Communities, which is the only pure-play publicly traded REIT that focuses on this area of real estate. Same-store rents continue to grow -- 58 consecutive quarters -- with an occupancy rate of 97.5%, well above the average for the entire U.S. market for apartment buildings. Focusing on universities where the housing stock is outdated, I expect ACC will continue to flourish in academia. Navient (NAVI)I must admit the subject of student loans is one that has me continually flipping from one side of the argument to the other. There is no question that post-secondary education is valuable, but I'm skeptical it's so valuable that you should go $100,000 into debt to get that education. That being said, if people are going to borrow to go to college, companies like Navient (NASDAQ:NAVI) have a right to make money off servicing these loans. What they don't have the right to do is harass borrowers. Ultimately, if Navient is abusing borrowers through the use of robocalls and other aggressive tactics to recover funds, the federal and state governments should take them to task over these moves. In defense of Navient, it uses telephone calls to connect with borrowers to arrange alternative repayment schedules, so these people don't default on their loans. * 10 Stocks to Sell for an Economic Slowdown I wouldn't recommend NAVI if you're looking for investments completely free of bad PR. However, it continues to grow its quarterly profits by double digits -- Q1 2019 EPS of $0.55, 38% higher than a year earlier -- making it an attractive investment for hedge funds and other institutional investors. Graham Holdings (GHC)It's been almost six years since the Washington Post and some of its other assets were sold to Jeff Bezos, the CEO of Amazon (NASDAQ:AMZN). At the time, the remaining assets were renamed Graham Holdings (NYSE:GHC). One of those remaining assets was Kaplan. Broken into four segments: Higher Education, Professional, Test Prep, and International, the company's educational segment generated 54% of its overall revenue in Q1 2019 and a significant amount of its operating income. Together with its television broadcasting assets, Graham Holdings goes as these two divisions go. Of Kaplan's four segments, its international unit is by far the most successful. In the first quarter, it earned $24.3 million from its operations on $185.8 million in revenue. The company's second most profitable segment is its professional unit with $11.3 million in operating profits from $41.2 million in revenue, an impressive operating margin of 27.4%, almost double its international business. There is no question, however, that the international business is where most of the assets in the business lie. In the first quarter, Kaplan International had $1.3 billion in identifiable assets. That's 25% of its overall assets. Kaplan could someday find itself trading as an independent, publicly-traded company. Selling at or near an all-time high, the spinoff could come sooner rather than later. Chegg (CHGG)Chegg (NYSE:CHGG) got its start in 2007 renting physical textbooks to college students across America. Now it's a complete direct-to-student learning platform of services to help students succeed leading up to, during, and after college. It began phasing out its physical rentals of textbooks in 2015. Today, Chegg is focusing on growing its digital subscription business, referred to as Chegg Services, which generated 77% of its Q1 2019 revenue of $97.4 million, up from 73% a year earlier. The legacy rental and sale of printed textbooks is referred to as Required Materials, and it accounted for the remaining 23% of its quarterly revenue. In Q1 2019, Chegg Services' revenues grew 34% year over year compared to 7% growth for Required Services. While Chegg doesn't break down how profitable each business is, I can guarantee the Chegg Services segment hands down has higher margins. In Q1 2019 in its entirety, Chegg lost $4.3 million, 65% higher than a year earlier. Don't let that scare you off. "Demand for this platform will only grow over time. Chegg is becoming a necessary learning companion for millions of high school and college students as they spend increasingly time in the digital space," wrote InvestorPlace's Luke Lango recently. Luke's on the money. * 7 Retail Stocks to Buy That Are Down in 2019 Chegg might not be profitable just yet, but it will be. Buy in now while its shares are still affordable. Square (SQ)Source: Shutterstock A recent story in The Philadelphia Enquirer highlighted the reason why Square (NYSE:SQ) is growing its Cash App by leaps and bounds after struggling to gain traction when it first launched the app in 2013. Of course, back in 2013, people weren't into fintech like they are now. The author asked a university business student to find out how millennial's pay each other and exchange money. "Young people use payment apps -- or applications on their smartphones -- to pay each other," wrote Erin Arvedlund. "The most popular apps are Venmo, owned by PayPal; Cash App, owned by Square; and payment apps linked to Snapchat or the smartphone itself, such as ApplePay and SamsungPay. The applications let you link your bank accounts -- a checking account or credit card -- to pay someone, and payments aren't always cheap."The date of this article was February 2018. That's right. Seventeen months ago. You can bet usage has increased since then. PayPal (NASDAQ:PYPL) owns Venmo. It's the leader in person-person payment apps with 40 million active users. Square, however, is coming on. It had 15 million active users at the end of 2018, double the number a year earlier. What's exciting about Cash App, is that the average user makes less than $50,000 a year, a demographic that is often under-banked or un-banked, putting Square in the perfect position to win over many of the estimated 50 million in the U.S. that don't have a bank account. Get students while they're young and move them into your business services once they graduate and want to start their own businesses. Of all the student-related stocks, Square probably has the most potential to be huge over the next 5-10 years. I like it a lot. At the time of this writing Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 9 Retail Stocks Goldman Sachs Says Are Ready to Rip * 7 Services Stocks to Buy for the Rest of 2019 * 6 Stocks to Buy and 1 to Sell Based on Insider Trading The post 7 Best Stocks to Buy That Make a Studentas Life Easier appeared first on InvestorPlace.
Bill Bayless has been the CEO of American Campus Communities, Inc. (NYSE:ACC) since 2003. This report will, first...
Moody's Investors Service has assigned Baa3 to the proposed $181 million California Municipal Finance Authority, Student Housing Revenue Bonds (CHF-Riverside II, L.L.C. - UCR North District Phase I Student Housing Project), Series 2019.