American Campus Communities Inc (ACC): Edward Lowenthal , director of American Campus Communities Inc sold 2,000 shares on May 10, 2016. The Insider selling transaction was reported by the company on May 10, 2016 to the Securities and Exchange Commission. The shares were sold at $48.21 per share for a total value of $96,420.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Apr 7, 2016, William W. Talbot (EVP, Chief Investment Officer) sold 5,435 shares at $46.00 per share price.On Apr 7, 2016, Dennis G Lopez (director) sold 1,856 shares at $46.08 per share price.Also, On Mar 29, 2016, James Clarence Jr Hopke (EVP, Chief Operating Officer) sold 6,498 shares at $45.74 per share price.On Mar 16, 2016, G Steven Dawson (director) sold 12,000 shares at $45.53 per share price.
American Campus Communities: On Friday, May 6, 2016 heightened volatility was witnessed in American Campus Communities which led to swings in the share price. The shares opened for trading at $46.3 and hit $47.25 on the upside , eventually ending the session at $47.25, with a gain of 1.50% or 0.7 points. The heightened volatility saw the trading volume jump to 7,24,580 shares. The 52-week high of the share price is $47.25 and the company has a market cap of $6,157 M . The 52-week low of the share price is at $32.12.
Company has been under the radar of several Street Analysts.American Campus Communities is Reiterated by Argus to Buy and the brokerage firm has raised the Price Target to $ 49 from a previous price target of $43 .The Rating was issued on Mar 8, 2016.American Campus Communities is Reiterated by Canaccord Genuity to Buy and the brokerage firm has raised the Price Target to $ 49 from a previous price target of $48 .The Rating was issued on Feb 24, 2016.
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 130700 beds in 44300 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.