Breaking Finance News

Capital One Financial Corp. announced American Campus Communities, Inc. (NYSE:ACC), bumping up its stock price target to $49.00 today

Yesterday American Campus Communities, Inc. (NYSE:ACC) traded -0.62% lower at $51.41. ACC’s 50-day average is $50.42 and its 200-day moving average is $48.64. The last stock price is up 5.04% relative to the two hundred day moving average, compared to the S&P 500 which has decreased -0.01% over the date range. Volume of trade was up over the average, with 951,630 shares of ACC changing hands over the typical 790,000

In a report issued 09/23/2016 Capital One Financial Corp. bumped up the target of American Campus Communities, Inc. (NYSE:ACC) to $49.00 stating a potential downside of -0.05%.

Performance Chart

American Campus Communities, Inc. (NYSE:ACC)

With a market cap of $0, American Campus Communities, Inc. has 52 week low of $35.66 and a 52 week high of $54.56 with a P/E ratio of 65.84 .

In addition to Capital One Financial Corp. reporting its target price, a total of 13 brokers have issued a research note on the company. The average target is $47.38 with three analysts rating the company a strong buy, three analysts rating the company a buy, 6 brokerages rating the stock a hold, 2 firms rating the stock a underperform, and finally 0 equity analysts rating the company a sell.

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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