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Last $6.06 USD
Change Today +0.08 / 1.34%
Volume 687.0K
CCG On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 05/22/15 All times are local (Market data is delayed by at least 15 minutes).

campus crest communities inc (CCG) Snapshot

Open
$5.96
Previous Close
$5.98
Day High
$6.06
Day Low
$5.95
52 Week High
07/24/14 - $9.19
52 Week Low
04/1/15 - $5.80
Market Cap
391.8M
Average Volume 10 Days
404.0K
EPS TTM
$-0.28
Shares Outstanding
64.7M
EX-Date
04/1/15
P/E TM
--
Dividend
--
Dividend Yield
6.93%
Current Stock Chart for CAMPUS CREST COMMUNITIES INC (CCG)

campus crest communities inc (CCG) Related Businessweek News

No Related Businessweek News Found

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.

632 Employees
Last Reported Date: 04/1/15
Founded in 2004

campus crest communities inc (CCG) Top Compensated Officers

No compensation data is available at this time for the top officers at this company.

Executives, Board Directors

campus crest communities inc (CCG) Key Developments

Campus Crest Communities, Inc. announced delayed 10-Q filing

On 05/12/2015, Campus Crest Communities, Inc. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.

Campus Crest Communities, Inc. Announces Management Changes

Campus Crest Communities, Inc. announced that it has entered into an agreement with the Clinton Group, Inc. and its affiliated funds (Clinton) in connection with the company's 2015 annual meeting of shareholders. Under the terms of the agreement, Campus Crest has appointed Raymond C. Mikulich and Randall H. Brown, previously nominated by Clinton, to the company's board of directors and has also appointed Curtis B. McWilliams to the board. With the appointment of Messrs. McWilliams, Mikulich and Brown, the Campus Crest board of directors will expand to 8 directors, all of whom are independent. Additionally, as part of the settlement agreement with Clinton, the board announced that it has changed the composition of the existing three person Transaction Committee which has been overseeing the ongoing strategic alternatives process. The Transaction Committee will be comprised of Curtis McWilliams, Raymond Mikulich and Richard Kahlbaugh and will be chaired by Mr. McWilliams. Mr. McWilliams currently serves as a member of the Ashford Hospitality Prime, Inc., Board of Directors and retired from his position as President and Chief Executive Officer of CNL Real Estate Advisors, Inc. in 2010 after serving in such role since 2007. Raymond Mikulich currently serves as the Chairman of Altus Group Limited. He is also Managing Partner and Chief Investment Officer of Ridgeline Capital Group and the Chief Executive Officer of HomeLPC, LLC. Brown was a co-founding officer of Education Realty Trust States. He served as Executive VP, Chief Financial Officer and treasurer from January 2005 to June 2014.

Campus Crest Communities, Inc. Announces Management Additions

The board of Campus Crest Communities, Inc. has authorized the appointment of David Coles as interim Chief Executive Officer and John Makuch as interim Chief Financial Officer, which is subject to the finalization of an engagement letter expected to be executed within a couple of days. Both Mr. Coles and Mr. Makuch serve as Managing Directors at Alvarez & Marsal. Scott Rochon, who previously acted as interim Chief Financial Officer, will continue to serve as Chief Accounting Officer. Aaron Halfacre will remain President and Chief Investment Officer, working alongside Mr. Coles and Mr. Makuch.

 

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CCG:US $6.06 USD +0.08

CCG Competitors

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Education Realty Trust Inc $33.27 USD +0.16
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Industry Analysis

CCG

Industry Average

Valuation CCG Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 3.6x
Price/Book 0.8x
Price/Cash Flow NM Not Meaningful
TEV/Sales NM Not Meaningful
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