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BidaskClub downgraded American Campus Communities, Inc. (NYSE:ACC) to Hold in a report released today.

BidaskClub has downgraded American Campus Communities, Inc. (NYSE:ACC) to Hold in a report released on 7/08/2017.

Previously on Wednesday June 28, 2017, Zacks Investment Research reported on American Campus Communities, Inc. (NYSE:ACC) increased the target price from $0.00 to $54.00. At the time, this indicated a possible upside of 0.12%.

Yesterday American Campus Communities, Inc. (NYSE:ACC) traded -0.24% lower at $45.93. The company’s 50-day moving average is $47.51 and its 200-day moving average is $47.89. The last closing price is down -2.92% from the 200-day moving average, compared to the S&P 500 which has increased 0.05% over the same time period. 342,931 shares of the stock traded hands, down from an average trading volume of 660,005

See Chart Below

American Campus Communities, Inc. (NYSE:ACC)

American Campus Communities, Inc. has a 52 week low of $44.65 and a 52 week high of $52.53 with a P/E ratio of 96.05 The company’s market cap is currently $0.

In addition to BidaskClub reporting its stock price target, a total of 13 brokers have issued a research note on the company. The average stock price target is $47.38 with 3 brokers rating the stock a strong buy, 3 brokers rating the stock a buy, 6 brokers rating the stock a hold, 2 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.

General Information About American Campus Communities, Inc. (NYSE:ACC)

American Campus Communities, Inc. is a self-managed and self-administered equity real estate investment trust (REIT). 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 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 three university systems. The Development Services segment consists of development and construction management services that it provides through one of its taxable REIT subsidiaries for third-party owners. The Property Management Services segment includes revenues generated from third-party management contracts.

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