Zacks Investment Research downgraded American Campus Communities, Inc. (NYSE:ACC) to Hold in a report released today.
- Updated: October 11, 2016
Only yesterday American Campus Communities, Inc. (NYSE:ACC) traded -2.43% lower at $47.99. American Campus Communities, Inc.’s 50-day average is $49.79 and its two hundred day average is $49.03. With the last close down -4.02% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 668,756 shares of the stock were exchanged, down from an average trading volume of 771,822
Zacks Investment Research has downgraded American Campus Communities, Inc. (NYSE:ACC) to Hold in a report released on 10/11/2016.
See Chart Below
With a total market value of $0, American Campus Communities, Inc. has 52 week low of $37.25 and a 52 week high of $54.56 with a PE ratio of 60.64 .
In addition to Zacks Investment Research reporting its stock price target, a total of 13 firms have released a research note on American Campus Communities, Inc.. The 12-month price target is $47.38 with three equity analysts rating the company a strong buy, three brokerages rating the stock a buy, 6 brokers rating the stock a hold, two equity analysts rating the company a underperform, and lastly 0 firms rating the stock a sell.
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.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.