American Campus Communities, Inc. (NYSE:ACC) has been upgraded to Outperform in a statement by Robert W. Baird earlier today.
- Updated: October 2, 2016
Displaying a price of $51.47, American Campus Communities, Inc. (NYSE:ACC) traded -0.29% lower on the day. The last stock close price is up 4.06% from the two hundred day average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same period. ACC has recorded a 50-day average of $50.24 and a 200-day moving average of $48.89. 1,705,640 shares of American Campus Communities, Inc. exchanged hands, up from an average trading volume of 764,794
Robert W. Baird has upgraded American Campus Communities, Inc. (NYSE:ACC) to Outperform in a report released on 09/28/2016.
Previously on 09/27/2016, Zacks Investment Research reported about American Campus Communities, Inc. (NYSE:ACC) upped the target price from $0.00 to $58.00 that suggested an upside of 0.13%.
With a total market value of $0, American Campus Communities, Inc. has price-earnings ratio of 65.55 with a one year low of $36.45 and a one year high of $54.56 .
A total of 13 brokers have released a ratings update on ACC. Three brokerages rating the company a strong buy, three analysts rating the company a buy, 6 brokers rating the company a hold, two brokerages rating the stock a underperform, and finally 0 equity analysts rating the company a sell with a one year target of $47.38.
Brief Synopsis About American Campus Communities, Inc. (NYSE:ACC)
American Campus Communities, Inc. is a self-managed and self-administered equity real estate investment trust. The Company's segments include Wholly-Owned Properties, On-Campus Participating Properties, Development Services, and Property Management Services. It is engaged in the acquisition, design, financing, development, construction management, leasing and management of student housing properties. The Wholly-Owned Properties segment consists of off-campus properties, which are generally located in close proximity to the school campus. The On-Campus Participating Properties segment includes on-campus properties that are operated under long-term ground/facility leases with university systems. The Development Services segment consists of development and construction management services that it provides through one of its taxable REIT subsidiaries (TRSs) for third-party owners. The Property Management Services segment includes revenues generated from third-party management contracts.
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