American Campus Communities Inc (ACC) : 7 analysts are covering American Campus Communities Inc (ACC) and their average rating on the stock is 1.86, which is read as a Buy. 5 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 1 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
American Campus Communities Inc (ACC) : The most positive equity analysts on American Campus Communities Inc (ACC) expects the shares to touch $56, whereas, the least positive believes that the stock will trade at $48 in the short term. The company is covered by 6 Wall Street Brokerage Firms. The average price target for shares are $54.33 with an expected fluctuation of $3.2 from the mean.
Also, Equity Analysts at the Deutsche Bank maintains the rating on American Campus Communities Inc (NYSE:ACC). The brokerage firm has issued a Hold rating on the shares. The Analysts at the ratings agency raises the price target from $47 per share to $48 per share. The rating by the firm was issued on August 10, 2016.
American Campus Communities Inc (NYSE:ACC): After opening at $47.82, the stock dipped to an intraday low of $47.64 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $48.27 and the buying power remained strong till the end. The stock closed at $47.95 for the day, a gain of 0.23% for the day session. The total traded volume was 789,828. The stocks close on the previous trading day was $47.84.
American Campus Communities, Inc. is a real estate investment trust (REIT). The Company holds an approximate 98.8% limited partnership interest in American Campus Communities Operating Partnership L.P. The Company owns, manages and develops student housing properties in the United States in terms of beds owned and under management. It is a self-managed and self-administered equity REIT engaged in the acquisition, design, financing, development, construction management, leasing and management of student housing properties. The Companys total owned and third-party managed portfolio includes approximately 204 properties with 130,700 beds in 44,300 units. Its property portfolio consists of approximately 145 owned off-campus student housing properties. It operates under four segments: Wholly-Owned Properties, On-Campus Participating Properties, Development Services and Property Management Services.