American Campus Communities Inc (ACC) : 8 analysts are covering American Campus Communities Inc (ACC) and their average rating on the stock is 2, 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 2, which recommends a Buy 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 2 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
American Campus Communities Inc (ACC) : The highest level American Campus Communities Inc (ACC) is projected to reach is $56 for the short term and the lowest estimate is at $47. The consolidated price target from 7 rating analysts who initiate coverage on the stock is $53.29 and the possibility the share price can swing is $4.03.
For the current week, the company shares have a recommendation consensus of Buy. American Campus Communities Inc (NYSE:ACC): The stock opened at $52.37 on Thursday but the bulls could not build on the opening and the stock topped out at $52.47 for the day. The stock traded down to $50.92 during the day, due to lack of any buying support eventually closed down at $51.26 with a loss of -2.21% for the day. The stock had closed at $52.42 on the previous day. The total traded volume was 667,409 shares.
In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the Officer (Evp Publicprivate Transactions) of AMERICAN CAMPUS COMMUNITIES INC, Wilhelm James E Iii had sold 1,150 shares worth of $59,237 in a transaction dated June 28, 2016. In this transaction, 1,150 shares were sold at $51.51 per share.
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.