Shares of American Campus Communities Inc (NYSE:ACC) traded at a new 52-week high today of $50.32. This new high was reached on below average trading volume as 256,000 shares traded hands, while the average 30-day volume is approximately 820,000 shares.
There is potential upside of 1,096.8% for shares of American Campus Communities Inc based on a current price of $50.24 and an average consensus analyst price target of $601.29.
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.
In the past 52 weeks, shares of American Campus Communities Inc have traded between a low of $31.07 and a high of $50.32 and is now at $50.24, which is 62% above that low price.
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