American Campus Communities Inc (ACC) : During the past 4 weeks, traders have been relatively bearish on American Campus Communities Inc (ACC), hence the stock is down -4.66% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -2.5% relative to the S&P 500. The 4-week change in the price of the stock is -4.29% and the stock has fallen -2.53% in the past 1 week.
American Campus Communities, Inc. is up 9.73% in the last 3-month period. Year-to-Date the stock performance stands at 25.11%. The stock has recorded a 20-day Moving Average of 3.58% and the 50-Day Moving Average is 1.34%.
American Campus Communities Inc (NYSE:ACC): The stock opened at $50.48 on Friday but the bulls could not build on the opening and the stock topped out at $50.62 for the day. The stock traded down to $50.11 during the day, due to lack of any buying support eventually closed down at $50.38 with a loss of -0.36% for the day. The stock had closed at $50.56 on the previous day. The total traded volume was 538,614 shares.
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. 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.