ACC - Shares of American Campus Communities Inc (ACC) Have Risen Above Previous 52-Week High

Shares of American Campus Communities Inc (NYSE:ACC) traded today at $55.15, eclipsing its 52-week high. So far today approximately 134,000 shares have been exchanged, as compared to an average 30-day volume of 682,000 shares.

American Campus Communities Inc share prices have moved between a 52-week high of $55.15 and a 52-week low of $37.33 and are now trading 47% above that low price at $54.94 per share.

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.

American Campus Communities Inc has overhead space with shares priced $54.94, or 74.2% below the average consensus analyst price target of $212.82.

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