American Campus Communities Inc (ACC) : The consensus on American Campus Communities Inc (ACC) based on 7 analyst recommendation on the company stock is 1.86, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 5 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.
American Campus Communities Inc (ACC) : The highest short term price target forecast on American Campus Communities Inc (ACC) is $56 and the lowest target price is $48. A total of 6 equity analysts are currently covering the company. The average price of all the analysts is $54.33 with a standard deviation of $3.2.
For the current week, the company shares have a recommendation consensus of Buy. Also, Deutsche Bank maintains its view on American Campus Communities Inc (NYSE:ACC) according to the research report released by the firm to its investors. The shares have now been rated Hold by the stock experts at the ratings house. Deutsche Bank raises the price target from $47 per share to $48 per share on American Campus Communities Inc. The rating by the firm was issued on August 10, 2016.
American Campus Communities Inc (NYSE:ACC): The stock opened at $51.48 and touched an intraday high of $52.11 on Wednesday. During the day, the stock corrected to an intraday low of $51.1901, however, the bulls stepped in and pushed the price higher to close in the green at $51.69 with a gain of 0.39% for the day. The total traded volume for the day was 788,649. The stock had closed at $51.49 in the previous trading session.
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.