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ACC News and Press, American Campus Communities Inc From 06/08/21

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Company Name: American Campus Communities Inc
Stock Symbol: ACC
Market: NYSE
Website: americancampus.com

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ACC - American Campus' preleasing deficit continues to narrow as students transition back

American Campus (ACC) said since Walt Disney World Resort began its Disney College Program ((DCP)) leasing activities on May 27, 1,650 participants have signed agreements to begin occupying Flamingo Crossings Village in June.The company expects the project to meet its original 2022 targe...

ACC - American Campus Communities Provides Interim Update in Advance of REITweek 2021

American Campus Communities, Inc. (NYSE: ACC), the nation’s largest owner and manager of high-quality student housing properties, today provided an interim update in connection with REITweek 2021: Nareit’s Investor Conference, which begins June 8, 2021. Flamingo Cros...

ACC - REITs Getting Short Squeezed

U.S. equity markets flirted with fresh record-highs this week as concerns regarding economic "overheating" cooled after employment data showed that job growth fell short of expectations for the second straight month. Finishing on the cusp of fresh record-highs, the S&P 500 rallied...

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

Shares of American Campus Communities Inc (NYSE:ACC) traded at a new 52-week high today of $48.88. Approximately 91,000 shares have changed hands today, as compared to an average 30-day volume of 902,000 shares. In the past 52 weeks, shares of American Campus Communities Inc have traded ...

ACC - Rents Are Surging Again

U.S. equity markets rallied this past week as long-term inflation expectations eased following a lukewarm slate of economic data and as massive new government spending programs face diminishing public support. Snapping a two-week skid, the S&P 500 rallied 1.2% on the week. Bitcoin...

ACC - American Campus stock climbs 2.5% after Piper upgrade on strong pre-leasing

American Campus Communities (ACC) stock gains 2.5% after Piper Sandler analyst Alexander Goldfarb upgrades the student housing REIT to Overweight from Neutral on stronger pre-leasing, especially in the South.Goldfarb also points out the "growing dominance" of Division I schools, whi...

ACC - REITs Aren't Cheap Anymore

REITs recorded a sequential improvement across all critical metrics in Q1, powering a historic wave of dividend growth in early 2021. However, several harder-hit property sectors are far from fully-recovered. The Great Financial Crisis resulted in long-term, lasting pain for the real ...

ACC - Regency Centers gets double-upgrade at JPMorgan as REIT focus shift to re-opening

JPMorgan analyst Anthony Paolone double-upgrades Regency Centers (REG) to Overweight from Underweight and shifts a number of other REIT ratings to adjust to the re-opening of the economy.The Regency upgrade is due to "our willingness to increase our exposure to the re-opening recovery via a h...

ACC - REIT Earnings Recap: Inflation Overshadows Strong Quarter

Overshadowed by concerns about rising inflation, a frenzy of real estate earnings reports over the last month has provided critical information on the state of the real estate industry. Results were better than expected across most major property sectors with roughly 80% of the 170 eq...

ACC - American Campus Communities Announces Renewal of its $1.0 Billion Unsecured Revolving Credit Facility

American Campus Communities, Inc. (NYSE: ACC), the nation’s largest owner and manager of high-quality student housing properties in the U.S., announced that on May 12, 2021 the company closed on the renewal of its existing $1.0 billion senior unsecured revolving credit facility (...

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