American Campus Communities Inc (ACC): James E Iii Wilhelm , EVP PublicPrivate Transactions of American Campus Communities Inc sold 1,150 shares on Jun 28, 2016. The Insider selling transaction was reported by the company on Jun 30, 2016 to the Securities and Exchange Commission. The shares were sold at $51.51 per share for a total value of $59,236.50 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 23, 2016, Daniel Perry (EVP, Cap. Mkts. & Corp. Fin.) sold 4,096 shares at $49.05 per share price.On May 10, 2016, Edward Lowenthal (director) sold 2,000 shares at $48.21 per share price.Also, 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.
American Campus Communities: On Wednesday, Jun 29, 2016 heightened volatility was witnessed in American Campus Communities which led to swings in the share price. The shares opened for trading at $51.93 and hit $52.33 on the upside , eventually ending the session at $51.78, with a gain of 0.31% or 0.16 points. The heightened volatility saw the trading volume jump to 17,96,508 shares. The 52-week high of the share price is $52.33 and the company has a market cap of $6,754 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 Initiated by FBR Capital to Outperform and the brokerage firm has set the Price Target at $54. The Rating was issued on Jun 23, 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.