ACC - American Campus Communities Inc Looks to Continue to Trade Above its Annual-High Share Price Today
American Campus Communities Inc (NYSE:ACC) traded today at a new 52-week high of $55.78. Approximately 133,000 shares have changed hands today, as compared to an average 30-day volume of 704,000 shares.
American Campus Communities Inc or ACC, is a real estate investment trust engaged in the acquisition, management, and development of student housing properties near universities and colleges throughout the United States. The company segments its activities into Owned properties, On-campus participating properties, Development services, and Property management services. The vast majority of ACC's real estate portfolio is made up of wholly-owned properties in terms of total units. The company also derives nearly all of its income in the form of rental revenue from leasing its wholly-owned real estate assets to students through short-term leases. ACC is one of the owners of student housing properties in the U.S. in terms of the total number of beds owned.
There is potential upside of 290.1% for shares of American Campus Communities Inc based on a current price of $55.63 and an average consensus analyst price target of $217.00.
American Campus Communities Inc share prices have moved between a 52-week high of $55.78 and a 52-week low of $40.01 and are now trading 39% above that low price at $55.63 per share.
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