Zacks Investment Research downgraded American Campus Communities, Inc. (NYSE:ACC) to Sell in a report released today.
- Updated: January 11, 2017
Zacks Investment Research has downgraded American Campus Communities, Inc. (NYSE:ACC) to Sell in a report released on Wednesday January 11, 2017.
Yesterday American Campus Communities, Inc. (NYSE:ACC) traded -0.79% lower at $49.17. The company’s 50-day moving average is $47.94 and its 200-day moving average is $49.86. The last closing price is down -1.38% from the 200-day moving average, compared to the S&P 500 which has decreased -0.04% over the same time period. 702,114 shares of the stock traded hands, down from an average trading volume of 926,059
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American Campus Communities, Inc. has a 52 week low of $38.63 and a 52 week high of $54.56 with a P/E ratio of 61.16 The company’s market cap is currently $0.
In addition to Zacks Investment Research 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 Company Details For 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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