Capital One announced American Campus Communities (NYSE:ACC), boosting its stock price target to $49.00 today
- Updated: September 22, 2016
In a report released on 09/23/2016 Capital One increased the stock price target of American Campus Communities (NYSE:ACC) to $49.00 reporting a possible downside of -0.05%.
Just yesterday American Campus Communities (NYSE:ACC) traded -1.21% lower at $51.41. American Campus Communities’s 50-day moving average is $50.50 and its 200-day moving average is $48.59. The last stock price is up 4.54% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 33,827 shares of ACC traded hands, down from an average trading volume of 786,984
Recent Performance Chart
American Campus Communities has 52 week low of $35.66 and a 52 week high of $54.56 with a PE ratio of 65.45 and has a market capitalization of $0.
In addition to Capital One reporting its stock price target, a total of 13 brokerages have issued a ratings update on the company. The average stock price target is $47.38 with 3 brokerages rating the stock a strong buy, 3 brokerages rating the stock a buy, 6 brokerages rating the stock a hold, 2 brokerages rating the stock a underperform, and finally 0 brokerages rating the stock a sell.
Brief Synopsis On American Campus Communities (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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