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 -1.21% 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 -2.62% relative to the S&P 500. The 4-week change in the price of the stock is -0.19% and the stock has fallen -2.56% in the past 1 week.
The stock has recorded a 20-day Moving Average of 1.31% and the 50-Day Moving Average is 2.19%. American Campus Communities Inc (NYSE:ACC): stock turned positive on Friday. Though the stock opened at $51.37, the bulls momentum made the stock top out at $52.13 level for the day. The stock recorded a low of $51.21 and closed the trading day at $51.69, in the green by 0.84%. The total traded volume for the day was 1,131,908. The stock had closed at $51.26 in the previous days trading.
The company Insiders own 0.65% of American Campus Communities Inc shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -12.45% . During last six month period, the net percent change held by insiders has seen a change of -13.31%. Also, Equity analysts at the Brokerage firm Deutsche Bank maintains its rating on American Campus Communities Inc (NYSE:ACC). The rating major has initiated the coverage with hold rating on the shares. The Analysts at Deutsche Bank 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.