American Campus Communities Inc (NYSE:ACC) : Traders are bullish on American Campus Communities Inc (NYSE:ACC) as it has outperformed the S&P 500 by a wide margin of 8.28% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.15%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.43% in the last 1 week, and is up 10.03% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The company shares have rallied 36.32% from its 1 Year high price. On Jul 6, 2016, the shares registered one year high at $53.09 and the one year low was seen on Sep 10, 2015. The 50-Day Moving Average price is $48.71 and the 200 Day Moving Average price is recorded at $45.13.
The stock has recorded a 20-day Moving Average of 5% and the 50-Day Moving Average is 9.65%.
American Campus Communities Inc (NYSE:ACC): stock turned positive on Friday. Though the stock opened at $52.44, the bulls momentum made the stock top out at $52.65 level for the day. The stock recorded a low of $52.03 and closed the trading day at $52.43, in the green by 0.65%. The total traded volume for the day was 828,198. The stock had closed at $52.09 in the previous days trading.
In an insider trading activity,The Officer (Evp Publicprivate Transactions) of AMERICAN CAMPUS COMMUNITIES INC, Wilhelm James E Iii sold 1,150 shares at $51.51 on June 28, 2016. The Insider selling transaction had a total value worth of $59,237. The Insider information was disclosed with 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.