American Campus Communities Inc (ACC) : $2.66 million worth of transactions were on upticks in American Campus Communities Inc (ACC), compared to $0.82 million on downticks. The ratio between the two was 3.24, whereas, the net money flow stood at a healthy $1.84 million on Tuesdays session. The consistent buying on upticks in the stock accounted for $1.79million worth of trades. The total money flow into the stock stood at $1.79 million. The bulls and the bears were in an equilibrium as the stock closed with a loss of -0.54%. The stock was trading at $49.98, with a drop of $0.27 over the previous days close. The stock recorded 0.58% for the week.
Also, Deutsche Bank maintains its rating on American Campus Communities Inc (NYSE:ACC). The global brokerage major raises the current price target from $47 per share to $48 per share. Analysts at the Deutsche Bank have a current rating of Hold on the shares. The rating by the firm was issued on August 10, 2016.
American Campus Communities, Inc. has lost 0.46% in the last five trading days and dropped 7.48% in the last 4 weeks. American Campus Communities, Inc. is up 8.4% in the last 3-month period. Year-to-Date the stock performance stands at 24.34%.
American Campus Communities Inc (NYSE:ACC): The stock opened at $50.35 on Tuesday but the bulls could not build on the opening and the stock topped out at $50.41 for the day. The stock traded down to $49.53 during the day, due to lack of any buying support eventually closed down at $50.07 with a loss of -0.36% for the day. The stock had closed at $50.25 on the previous day. The total traded volume was 632,256 shares.
In a related news, The officer (EVP PublicPrivate Transactions), of American Campus Communities Inc, Wilhelm James E Iii had unloaded 9,828 shares at $52.76 per share in a transaction on August 8, 2016. The total value of transaction was $518,525. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.
American Campus Communities, Inc. is a real estate investment trust (REIT). The Company holds an approximate 98.8% limited partnership interest in American Campus Communities Operating Partnership L.P. The Company owns, manages and develops student housing properties in the United States in terms of beds owned and under management. It is a self-managed and self-administered equity REIT engaged in the acquisition, design, financing, development, construction management, leasing and management of student housing properties. The Companys total owned and third-party managed portfolio includes approximately 204 properties with 130,700 beds in 44,300 units. Its property portfolio consists of approximately 145 owned off-campus student housing properties. It operates under four segments: Wholly-Owned Properties, On-Campus Participating Properties, Development Services and Property Management Services.