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GuruFocus Financial Strength Rank measures how strong a company’s financial situation is. It is based on these factors

1. The debt burden that the company has as measured by its Interest coverage (current year).
2. Debt to revenue ratio. The lower, the better
3. Altman Z-score.

A company ranks high with financial strength is likely to withstand any business slowdowns and recessions.

Financial Strength : 5/10

vs
industry
vs
history
Cash to Debt 0.01
ACC's Cash to Debt is ranked lower than
51% of the 582 Companies
in the Global REIT - Residential industry.

( Industry Median: 0.06 vs. ACC: 0.01 )
ACC' s 10-Year Cash to Debt Range
Min: 0.01   Max: 0.18
Current: 0.01

0.01
0.18
Equity to Asset 0.47
ACC's Equity to Asset is ranked higher than
68% of the 590 Companies
in the Global REIT - Residential industry.

( Industry Median: 0.49 vs. ACC: 0.47 )
ACC' s 10-Year Equity to Asset Range
Min: 0.08   Max: 0.52
Current: 0.47

0.08
0.52
Interest Coverage 1.69
ACC's Interest Coverage is ranked higher than
64% of the 509 Companies
in the Global REIT - Residential industry.

( Industry Median: 2.37 vs. ACC: 1.69 )
ACC' s 10-Year Interest Coverage Range
Min: 0.81   Max: 1.94
Current: 1.69

0.81
1.94
F-Score: 4
Z-Score: 0.80
M-Score: -2.45
GuruFocus Profitability Rank ranks how profitable a company is and how likely the company’s business will stay that way. It is based on these factors:

1. Operating Margin
2. Trend of the Operating Margin (5-year average). The company with an uptrend profit margin has a higher rank.
••3. Consistency of the profitability
4. Piotroski F-Score
5. Predictability Rank•

The maximum rank is 10. A rank of 7 or higher means a higher profitability and may stay that way. A rank of 3 or lower indicates that the company has had trouble to make a profit.

Profitability Rank is not directly related to the Financial Strength Rank. But if a company is consistently profitable, its financial strength will be stronger.

Profitability & Growth : 5/10

vs
industry
vs
history
Operating margin (%) 20.04
ACC's Operating margin (%) is ranked higher than
56% of the 611 Companies
in the Global REIT - Residential industry.

( Industry Median: 39.87 vs. ACC: 20.04 )
ACC' s 10-Year Operating margin (%) Range
Min: 17.11   Max: 25.54
Current: 20.04

17.11
25.54
Net-margin (%) 15.92
ACC's Net-margin (%) is ranked higher than
60% of the 612 Companies
in the Global REIT - Residential industry.

( Industry Median: 33.54 vs. ACC: 15.92 )
ACC' s 10-Year Net-margin (%) Range
Min: -7.21   Max: 19
Current: 15.92

-7.21
19
ROE (%) 3.99
ACC's ROE (%) is ranked higher than
61% of the 598 Companies
in the Global REIT - Residential industry.

( Industry Median: 6.45 vs. ACC: 3.99 )
ACC' s 10-Year ROE (%) Range
Min: -7.24   Max: 6.12
Current: 3.99

-7.24
6.12
ROA (%) 1.87
ACC's ROA (%) is ranked higher than
63% of the 602 Companies
in the Global REIT - Residential industry.

( Industry Median: 3.17 vs. ACC: 1.87 )
ACC' s 10-Year ROA (%) Range
Min: -0.99   Max: 2.56
Current: 1.87

-0.99
2.56
ROC (Joel Greenblatt) (%) 2.53
ACC's ROC (Joel Greenblatt) (%) is ranked higher than
56% of the 500 Companies
in the Global REIT - Residential industry.

( Industry Median: 5.42 vs. ACC: 2.53 )
ACC' s 10-Year ROC (Joel Greenblatt) (%) Range
Min: 1.2   Max: 3.87
Current: 2.53

1.2
3.87
Revenue Growth (%) 4.30
ACC's Revenue Growth (%) is ranked higher than
83% of the 499 Companies
in the Global REIT - Residential industry.

( Industry Median: 0.80 vs. ACC: 4.30 )
ACC' s 10-Year Revenue Growth (%) Range
Min: 0   Max: 7
Current: 4.3

0
7
EBITDA Growth (%) 3.50
ACC's EBITDA Growth (%) is ranked higher than
75% of the 449 Companies
in the Global REIT - Residential industry.

( Industry Median: 2.30 vs. ACC: 3.50 )
ACC' s 10-Year EBITDA Growth (%) Range
Min: 0   Max: 6.8
Current: 3.5

0
6.8
EPS Growth (%) 7.30
ACC's EPS Growth (%) is ranked higher than
77% of the 355 Companies
in the Global REIT - Residential industry.

( Industry Median: 0.30 vs. ACC: 7.30 )
ACC' s 10-Year EPS Growth (%) Range
Min: 0   Max: 7.3
Current: 7.3

0
7.3
» ACC's 10-Y Financials

Financials


Revenue & Net Income
Cash & Debt
Oprt. Cash Flow & Free Cash Flow

» Details

Guru Trades

Q1 2013

ACC Guru Trades in Q1 2013

Ron Baron 1,197,107 sh (+5.52%)
Manning & Napier Advisors, Inc 172,240 sh (+0.06%)
Pioneer Investments 1,177,945 sh (-4.44%)
Steven Cohen 7,367 sh (-6.75%)
Jim Simons 200,728 sh (-12.28%)
Ken Fisher 41,250 sh (-14.99%)
Chris Davis 887,243 sh (-51.05%)
» More
Q2 2013

ACC Guru Trades in Q2 2013

RS Investment Management 403,159 sh (New)
Jim Simons 405,928 sh (+102.23%)
Pioneer Investments 1,477,436 sh (+25.42%)
Chris Davis 1,107,403 sh (+24.81%)
Manning & Napier Advisors, Inc 198,170 sh (+15.05%)
Ron Baron 1,324,703 sh (+10.66%)
Ken Fisher 35,750 sh (-13.33%)
Steven Cohen 5,762 sh (-21.79%)
» More
Q3 2013

ACC Guru Trades in Q3 2013

RS Investment Management 737,492 sh (+82.93%)
Ken Fisher 45,900 sh (+28.39%)
Chris Davis 1,409,052 sh (+27.24%)
Manning & Napier Advisors, Inc 217,161 sh (+9.58%)
Ron Baron 1,449,724 sh (+9.44%)
Steven Cohen Sold Out
Jim Simons 366,928 sh (-9.61%)
Pioneer Investments 601,454 sh (-59.29%)
» More
Q4 2013

ACC Guru Trades in Q4 2013

Jim Simons 690,828 sh (+88.27%)
Chris Davis 1,617,557 sh (+14.8%)
Ken Fisher 45,900 sh (unchged)
RS Investment Management 732,600 sh (-0.66%)
Manning & Napier Advisors, Inc 197,051 sh (-9.26%)
Ron Baron 1,203,769 sh (-16.97%)
Pioneer Investments 84,557 sh (-85.94%)
» More
» Details

Insider Trades

Latest Guru Trades with ACC

GuruDate Trades Impact to Portfolio Price Range * (?) Current Price Change from Average Current Shares
John Keeley 2012-09-30 Sold Out 0.01%$43.32 - $47.69 $ 37.36-19%0
Ron Baron 2012-03-31 Add 28.23%0.06%$40.29 - $44.69 $ 37.36-5%985260
John Keeley 2012-03-31 Reduce -23.02%$40.29 - $44.69 $ 37.36-5%11300
John Keeley 2011-03-31 Add 26.97%$30.79 - $33.42 $ 37.3617%13180
Premium More recent guru trades are included for Premium Members only!!
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Guru Investment Theses on American Campus Communities, Inc.

Baron Funds Comments on American Campus Communities Inc. - Feb 21, 2014

The shares of American Campus Communities, Inc. (ACC), the largest student housing REIT, performed poorly in 2013. Although the company has a track record of strong operations, there were a series of leasing, integration, and communication missteps that negatively impacted the shares. Additional concerns include new supply, decelerating enrollment growth, online education, and rising student debt. We are re-evaluating our investment in the company.



From Baron Funds fourth quarter 2013 shareholder letter.



Check out Ron Baron latest stock trades

Baron Funds Comments on American Campus Communities Inc. - Nov 25, 2013

American Campus Communities, Inc. (ACC), an owner, manager, and developer of student housing, decreased 15.2% in the third quarter as the company's lease rates were weaker than expected. Supply in some of its markets increased, and REITS were hurt in the third quarter from rising yields as the 10-year Treasury yield approached 3% and made dividend yields on many REITs less attractive. However, we continue to believe the company is the best in its industry at developing properties and should improve its yields next year as the market absorbs the excess supply. (David Baron)

From Ron Baron's Baron Funds third quarter 2013 commentary.


Check out Ron Baron latest stock trades

Top Ranked Articles about American Campus Communities, Inc.

Baron Funds Comments on American Campus Communities Inc.
The shares of American Campus Communities, Inc. (ACC), the largest student housing REIT, performed poorly in 2013. Although the company has a track record of strong operations, there were a series of leasing, integration, and communication missteps that negatively impacted the shares. Additional concerns include new supply, decelerating enrollment growth, online education, and rising student debt. We are re-evaluating our investment in the company. Read more...
Baron Funds Comments on American Campus Communities Inc.
American Campus Communities, Inc. (ACC), an owner, manager, and developer of student housing, decreased 15.2% in the third quarter as the company's lease rates were weaker than expected. Supply in some of its markets increased, and REITS were hurt in the third quarter from rising yields as the 10-year Treasury yield approached 3% and made dividend yields on many REITs less attractive. However, we continue to believe the company is the best in its industry at developing properties and should improve its yields next year as the market absorbs the excess supply. (David Baron) Read more...
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Ratios

vs
industry
vs
history
P/E(ttm) 38.00
ACC's P/E(ttm) is ranked lower than
54% of the 535 Companies
in the Global REIT - Residential industry.

( Industry Median: 19.80 vs. ACC: 38.00 )
ACC' s 10-Year P/E(ttm) Range
Min: 20.81   Max: 725.56
Current: 38

20.81
725.56
P/B 1.49
ACC's P/B is ranked lower than
51% of the 555 Companies
in the Global REIT - Residential industry.

( Industry Median: 1.24 vs. ACC: 1.49 )
ACC' s 10-Year P/B Range
Min: 0.86   Max: 2.49
Current: 1.49

0.86
2.49
P/S 5.95
ACC's P/S is ranked higher than
65% of the 616 Companies
in the Global REIT - Residential industry.

( Industry Median: 6.91 vs. ACC: 5.95 )
ACC' s 10-Year P/S Range
Min: 2.44   Max: 9.28
Current: 5.95

2.44
9.28
EV-to-EBIT 49.94
ACC's EV-to-EBIT is ranked lower than
65% of the 596 Companies
in the Global REIT - Residential industry.

( Industry Median: 28.57 vs. ACC: 49.94 )
ACC' s 10-Year EV-to-EBIT Range
Min: 34.1   Max: 75
Current: 49.94

34.1
75
PEG 141.50
ACC's PEG is ranked lower than
80% of the 256 Companies
in the Global REIT - Residential industry.

( Industry Median: 2.40 vs. ACC: 141.50 )
ACC' s 10-Year PEG Range
Min: 13.69   Max: 375.17
Current: 141.5

13.69
375.17
Shiller P/E 94.45
ACC's Shiller P/E is ranked lower than
72% of the 300 Companies
in the Global REIT - Residential industry.

( Industry Median: 30.40 vs. ACC: 94.45 )
ACC' s 10-Year Shiller P/E Range
Min: 44.6   Max: 251.16
Current: 94.45

44.6
251.16

Dividend & Buy Back

vs
industry
vs
history
Dividend Yield 3.90
ACC's Dividend Yield is ranked lower than
64% of the 611 Companies
in the Global REIT - Residential industry.

( Industry Median: 4.77 vs. ACC: 3.90 )
ACC' s 10-Year Dividend Yield Range
Min: 0.73   Max: 8.66
Current: 3.9

0.73
8.66
Dividend Payout 1.68
ACC's Dividend Payout is ranked lower than
62% of the 500 Companies
in the Global REIT - Residential industry.

( Industry Median: 0.95 vs. ACC: 1.68 )
ACC' s 10-Year Dividend Payout Range
Min: 1.15   Max: 5.19
Current: 1.68

1.15
5.19
Dividend growth (3y) 1.70
ACC's Dividend growth (3y) is ranked higher than
65% of the 357 Companies
in the Global REIT - Residential industry.

( Industry Median: 4.30 vs. ACC: 1.70 )
ACC' s 10-Year Dividend growth (3y) Range
Min: 0   Max: 101.5
Current: 1.7

0
101.5
Yield on cost (5-Year) 4.10
ACC's Yield on cost (5-Year) is ranked lower than
63% of the 611 Companies
in the Global REIT - Residential industry.

( Industry Median: 5.26 vs. ACC: 4.10 )
ACC' s 10-Year Yield on cost (5-Year) Range
Min: 0.77   Max: 9.1
Current: 4.1

0.77
9.1
Share Buyback Rate -21.10
ACC's Share Buyback Rate is ranked higher than
54% of the 478 Companies
in the Global REIT - Residential industry.

( Industry Median: -7.20 vs. ACC: -21.10 )
ACC' s 10-Year Share Buyback Rate Range
Min: 0   Max: -181.1
Current: -21.1

Valuation & Return

vs
industry
vs
history
Price/Tangible Book 1.50
ACC's Price/Tangible Book is ranked higher than
57% of the 546 Companies
in the Global REIT - Residential industry.

( Industry Median: 1.30 vs. ACC: 1.50 )
ACC' s 10-Year Price/Tangible Book Range
Min: 1.1   Max: 2.22
Current: 1.5

1.1
2.22
Price/Median PS Value 1.14
ACC's Price/Median PS Value is ranked higher than
57% of the 550 Companies
in the Global REIT - Residential industry.

( Industry Median: 1.10 vs. ACC: 1.14 )
ACC' s 10-Year Price/Median PS Value Range
Min: 0.64   Max: 1.6
Current: 1.14

0.64
1.6
Price/Graham Number 2.34
ACC's Price/Graham Number is ranked lower than
58% of the 503 Companies
in the Global REIT - Residential industry.

( Industry Median: 1.00 vs. ACC: 2.34 )
ACC' s 10-Year Price/Graham Number Range
Min: 2.02   Max: 5.55
Current: 2.34

2.02
5.55
Earnings Yield (Greenblatt) 2.00
ACC's Earnings Yield (Greenblatt) is ranked higher than
50% of the 593 Companies
in the Global REIT - Residential industry.

( Industry Median: 3.70 vs. ACC: 2.00 )
ACC' s 10-Year Earnings Yield (Greenblatt) Range
Min: 1.3   Max: 2.9
Current: 2

1.3
2.9
Forward Rate of Return (Yacktman) -2.14
ACC's Forward Rate of Return (Yacktman) is ranked higher than
65% of the 452 Companies
in the Global REIT - Residential industry.

( Industry Median: 1.50 vs. ACC: -2.14 )
ACC' s 10-Year Forward Rate of Return (Yacktman) Range
Min: -16.9   Max: 15.8
Current: -2.14

-16.9
15.8

Business Description

Industry: REITs » REIT - Residential
Compare:PPS, EQR, AVB, AGNC, AIV » details
Traded in other countries:FGA.Germany
American Campus Communities, Inc. was incorporated on March 9, 2004 and commenced operations effective with the completion of its initial public offering on August 17, 2004. The Company is a real estate investment trust ("REIT") that is one of the owners, managers and developers of high quality student housing properties in the United States in terms of beds owned, developed, and under management. It's an integrated, self-managed and self-administered equity REIT with expertise in the acquisition, design, financing, development, construction management, leasing and management of student housing properties. As of December 31, 2011, its total owned, joint venture and third-party managed portfolio included 187 properties with approximately 121,300 beds in approximately 40,900 units. It defines business segments by their distinct customer base and service provided. It operates in four reportable segments: Wholly-Owned Properties, On-Campus Participating Properties, Development Services and Property Management Services. Wholly-Owned Properties includes Off-campus properties which are generally located in close proximity to the school campus, generally with pedestrian, bicycle, or university shuttle access. Off-campus housing tends to offer more relaxed rules and regulations than on-campus housing, resulting in off-campus housing being generally more appealing to upper-classmen. Its On-Campus Participating Properties segment includes four on-campus properties owned by one of its taxable REIT subsidiaries ("TRSs") that are operated under long-term ground/facility leases with two university systems. Its Development Services segment consists of development and construction management services that it provides through one of its TRSs for third-party owners. These services range from short-term consulting projects to long-term full-scale development and construction projects. Its Property Management Services segment, conducted by its TRSs, includes revenues generated from third-party management contracts in which it are typically responsible for all aspects of operations, including marketing, leasing administration, facilities maintenance, business administration, accounts payable, accounts receivable, financial reporting, capital projects, and residence life student development. It faces significant competition from university-owned on-campus student housing, from other off-campus student housing properties and from traditional multifamily housing located within close proximity to universities. The Company's properties in its portfolio are subject to various federal, state and local regulatory requirements, such as state and local fire and life safety requirements.

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