Ex-Dividend Alert: American Campus Communities Has a Dividend Yield of 4.48%; Will Trade Ex-Dividend on February 01, 2018

LONDON, UK / ACCESSWIRE / January 31, 2018 / Active-Investors has a free review on American Campus Communities, Inc. (NYSE: ACC) following the Company’s announcement that it will begin trading ex-dividend on February 01, 2018. In order to capture the dividend payout, investors must purchase the stock a day prior to the ex-dividend date that is by latest at the end of the trading session on January 31, 2018. Active-Investors has initiated due-diligence on this dividend stock. Register with us for more free research including the one on ACC:

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Dividend Declared

On January 23, 2018, American Campus Communities, announced that its Board of Directors declared a regular quarterly dividend of $0.44 per share of common stock, payable on February 16, 2018, to shareholders of record at the close of business on February 02, 2018.

American Campus Communities’ indicated dividend represents a yield of 4.48%, which is substantially higher than the average dividend yield of 4.25% for the financial sector. The Company has raised dividend for five years in a row.

Dividend Insights

American Campus Communities has a dividend payout ratio of 76.2%, which denotes that the Company distributes approximately $0.76 for every $1.00 earned. The dividend payout ratio reflects how much amount a company is returning to shareholders versus how much money it is keeping on hand to reinvest in growth, to pay off debt, and/or to add to its cash reserves.

According to analysts’ estimates, American Campus Communities is forecasted to report earnings of $0.72 per share for the next year compared to the Company’s annualized dividend of $1.76 per share. One of the primary reasons for the difference between earnings and annualized dividend is that American Campus Communities is a Real Estate Investment Trust (REIT) which is structured by law to distribute at least 90% of earnings. Moreover, since REITs generate income from owning portfolios of investment real estate, they are likely to have higher depreciation charges.

Since depreciation is a non-cash charge, it does not directly impact the ability of dividend the companies can distribute. For this reason, Fund from Operations (FFO) is calculated by adding depreciation and amortization to earnings and subtracting any gains on sales which then provides a better picture of any company’s profitability and capacity to pay and to sustain dividends. For instance, for the three-month period ended September 30, 2017, American Campus Communities reported net loss attributable to the Company of $1.3 million, or $0.01 per fully diluted share, versus net income of $9.6 million, or $0.07 per fully diluted share, in Q3 2016.

On the other hand, American Campus Communities reported quarterly FFO-Modified (FFOM) per share of $0.44 per fully diluted share, or $61.2 million, for Q3 2017 versus $0.45 per fully diluted share, or $60.4 million, for Q3 2016. The FFO number indicates that the Company should be able to comfortably cover its dividend payout.

Recent Development for American Campus Communities

On January 12, 2018, American Campus Communities announced that the Company’s project, The Summit at University City, received the National Association of Home Builders’ (NAHB) 2017 Multifamily Pillars of the Industry Award for Best Student Housing Rental Apartment Community. The Company’s projects were also recognized as finalists for Best Example of Green Building Concepts, Best Student Housing Rental Apartment Community, and Best Mixed-Use Community.

American Campus Communities has been recognized at NAHB’s Pillars of the Industry Awards on 28 occasions since 2005, 14 of which are first place awards, including the Multifamily Development Firm of the Year in 2013.

About American Campus Communities, Inc.

American Campus Communities 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 September 30, 2017, American Campus Communities owned 166 student housing properties containing approximately 102,500 beds. Including its owned and third-party managed properties, the Company’s total managed portfolio consisted of 204 properties with approximately 131,300 beds.

Stock Performance Snapshot

January 30, 2018 – At Tuesday’s closing bell, American Campus Communities’ stock dropped 1.16%, ending the trading session at $38.19.

Volume traded for the day: 1.19 million shares, which was above the 3-month average volume of 833.84 thousand shares.

After yesterday’s close, American Campus Communities’ market cap was at $5.22 billion.

Price to Earnings (P/E) ratio was at 94.53.

The stock has a dividend yield of 4.61%.

The stock is part of the Financial sector, categorized under the REIT – Residential industry.

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