American Campus Communities Inc with ticker code (ACC) now have 2 analysts covering the stock with the consensus suggesting a rating of ‘Hold’. The target price ranges between 65.5 and 58 and has a mean target at 61.75. Given that the stocks previous close was at 65.37 this would imply there is a potential downside of -5.5%. There is a 50 day moving average of 64.88 and the 200 day moving average is 58.49. The company has a market capitalisation of $18,128m. Visit the company website at: https://www.americancampus.com
The potential market cap would be $17,124m based on the market concensus.
American Campus Communities is the largest owner, manager and developer of high-quality student housing communities in the United States. The company is a fully integrated, self-managed and self-administered equity real estate investment trust (REIT) with expertise in the design, finance, development, construction management and operational management of student housing properties. As of September 30, 2020, American Campus Communities owned 166 student housing properties containing approximately 111,900 beds. Including its owned and third-party managed properties, ACC’s total managed portfolio consisted of 204 properties with approximately 139,900 beds.
