Last $8.13 USD
Change Today -0.15 / -1.81%
Volume 525.8K
CCG On Other Exchanges
Symbol
Exchange
New York
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As of 6:40 PM 08/22/14 All times are local (Market data is delayed by at least 15 minutes).

campus crest communities inc (CCG) Snapshot

Open
$8.24
Previous Close
$8.28
Day High
$8.24
Day Low
$8.09
52 Week High
09/19/13 - $11.36
52 Week Low
08/1/14 - $7.72
Market Cap
527.1M
Average Volume 10 Days
621.7K
EPS TTM
$-0.15
Shares Outstanding
64.8M
EX-Date
09/22/14
P/E TM
--
Dividend
$0.66
Dividend Yield
8.12%
Current Stock Chart for CAMPUS CREST COMMUNITIES INC (CCG)

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campus crest communities inc (CCG) Details

Campus Crest Communities, Inc., a real estate investment trust (REIT), engages in the ownership, development, building, and management of student housing properties under the Grove brand name in the United States. The company rents student housing properties; offers student housing services; and provides construction, development, and management services. As of July 06, 2012, it owned interests in 33 student housing properties containing approximately 6,324 apartment units and 17,064 beds. The company has elected to be treated as a REIT under the Internal Revenue Code of 1986. As a REIT, it would not be subject to federal income taxes, provided it distributes at least 90% of its taxable income to its shareholders. Campus Crest Communities, Inc. was founded in 2004 and is based in Charlotte, North Carolina.

522 Employees
Last Reported Date: 06/23/14
Founded in 2004

campus crest communities inc (CCG) Top Compensated Officers

Co-Founder, Chairman, Chief Executive Officer...
Total Annual Compensation: $427.4K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $320.0K
Chief Operating Officer
Total Annual Compensation: $360.0K
Chief Facilities & Construction Officer, Exec...
Total Annual Compensation: $250.0K
Compensation as of Fiscal Year 2013.

campus crest communities inc (CCG) Key Developments

Campus Crest Communities, Inc. Hires Aaron Halfacre as an Executive Vice President and Head of Capital Markets, Effective August 1, 2014

Campus Crest Communities, Inc. announced that it has hired Aaron Halfacre as an Executive Vice President and Head of Capital Markets, effective August 1, 2014. Mr. Halfacre comes most recently from Cole Real Estate Investments, where he was Head of Strategic Relations. In that role, he worked closely with the CEO, COO and CFO to help craft strategy and was the primary representative for institutional investors.

Campus Crest Communities Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Revises Earnings Guidance for the Third Quarter and Full Year 2014

Campus Crest Communities Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported total revenues of $35,285,000 compared to $36,526,000 a year ago. Operating income was $2,244,000 compared to $5,884,000 a year ago. Net loss before income tax benefit was $602,000 compared to net income before income tax benefit of $3,784,000 a year ago. Net loss was $392,000 compared to net income of $3,940,000 a year ago. Net loss attributable to common stockholders was $3,454,000 or $0.05 per basic and diluted share compared to net income of $2,771,000 or $0.04 per basic and diluted share a year ago. Funds from operations adjusted available to common shares and OP units were $10,425,000 or $0.16 diluted per share against funds from operations adjusted of $12,194,000 million or $0.19 per share of prior year period. For the six months, the company reported total revenues of $67,329,000 compared to $69,525,000 a year ago. Operating income was $6,412,000 compared to $10,177,000 a year ago. Net income before income tax benefit was $256,000 compared to $5,229,000 a year ago. Net income was $656,000 compared to $6,107,000 a year ago. Net loss attributable to common stockholders was $5,441,000 or $0.08 per basic and diluted share compared to net income of $3,777,000 or $0.07 per basic and diluted share a year ago. Funds from operations adjusted available to common shares and OP units were $21,264,000 or $0.33 diluted per share against funds from operations adjusted of $20,587,000 million or $0.37 per share of prior year period. The company assumed $0.16 for the low end range for the third quarter 2014. The company revised guidance reflects lower expected initial yields on evo projects in Montreal and Philadelphia and a reduction in development and construction fees associated with fewer projects being delivered in 2015. Based on management's current estimates of market conditions and future operating results, the company revises its previous guidance for fiscal year 2014 FFOA per fully diluted share to a new range of $0.66 to $0.68.

Campus Crest Communities, Inc. Declares Cash Dividend on Common Stock and Series A Cumulative Redeemable Preferred Share, Payable on October 8, 2014 and Payable on October 15, 2014 Respectively

Campus Crest Communities, Inc. announced that its Board of Directors declared its third quarter of 2014 common stock dividend of $0.165 per share. Based on a closing price of $8.99 on July 21, 2014, the annualized dividend yield is 7.3%. The dividend is payable on October 8, 2014 to stockholders of record as of September 24, 2014. The Board of Directors also declared a cash dividend of $0.50 per Series A Cumulative Redeemable Preferred Share for the third quarter of 2014. The preferred share dividend is payable on October 15, 2014 to stockholders of record as of September 24, 2014.

 

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CCG

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Valuation CCG Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 4.0x
Price/Book 0.8x
Price/Cash Flow 23.8x
TEV/Sales NM Not Meaningful
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