American Campus Communities Inc (ACC) Receives Price Target

American Campus Communities Inc (ACC) : The highest short term price target forecast on American Campus Communities Inc (ACC) is $56 and the lowest target price is $48. A total of 6 equity analysts are currently covering the company. The average price of all the analysts is $54.33 with a standard deviation of $3.2.

American Campus Communities Inc (ACC) : 5 brokerage houses believe that American Campus Communities Inc (ACC) is a Strong Buy at current levels. 1 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on American Campus Communities Inc (ACC). Zacks Investment Research suggests a Buy with a rank of 2. 1 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 7 Wall Street Analysts endorse the stock as a Buy with a rating of 1.86.


Also, Deutsche Bank maintains its rating on American Campus Communities Inc (NYSE:ACC). The global brokerage major raises the current price target from $47 per share to $48 per share. Analysts at the Deutsche Bank have a current rating of Hold on the shares. The rating by the firm was issued on August 10, 2016.

American Campus Communities Inc (NYSE:ACC): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $50.04 and $49.79 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $50.72. The buying momentum continued till the end and the stock did not give up its gains. It closed at $50.50, notching a gain of 0.78% for the day. The total traded volume was 822,343 . The stock had closed at $50.11 on the previous day.

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.

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