American Campus Communities Inc (ACC): Price and Financial Metrics
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ACC Price/Volume Stats
|Current price||$65.42||52-week high||$65.46|
|Prev. close||$65.37||52-week low||$48.01|
|Day high||$65.46||Avg. volume||2,518,189|
|50-day MA||$64.90||Dividend yield||N/A|
|200-day MA||$58.28||Market Cap||9.12B|
American Campus Communities Inc (ACC) Company Bio
American Campus Communities engages in developing, owning, and managing high-quality student housing communities. The company was founded in 1993 and is based in Austin, Texas.
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Below are the latest news stories about AMERICAN CAMPUS COMMUNITIES INC that investors may wish to consider to help them evaluate ACC as an investment opportunity.
M&A wrap: Slingshot Aerospace does pair of deals; Shareholders approve $12.8B American Campus buyout
Austin- and California-based Slingshot Aerospace just completed two deals intended to accelerate space situational awareness and space traffic coordination efforts. Meanwhile, American Campus Communities is a step closer to being bought by funds controlled by Blackstone Inc., a giant in alternative investment management.
S&P SmallCap 600 constituent Celsius Holdings Inc. (NASD:CELH) will replace American Campus Communities Inc. (NYSE:ACC) in the S&P MidCap 400, and Clearfield Inc. (NASD:CLFD) will replace Celsius Holdings in the S&P SmallCap 600 effective prior to the opening of trading on Wednesday, August 10. Blackstone Inc. (NYSE: BX) is acquiring American Campus Communities in a transaction expected to be completed soon pending final conditions.
AUSTIN, Texas, August 04, 2022--American Campus Communities, Inc. (NYSE:ACC), the largest owner, manager and developer of high-quality student housing properties in the U.S., today announced that, at the concluded special meeting of stockholders held today, its stockholders approved the acquisition of the company by Blackstone Core+ perpetual capital vehicles, primarily comprised of Blackstone Real Estate Income Trust, Inc., alongside Blackstone Property Partners L.P.
Blackstone (BX) is among the world’s most successful money managers but keep in mind that success in that world is not determined by the returns provided to investors, but rather by the magnitude of AUM.
Blackstone’s 2Q22 earnings conference call revealed a company hellbent on raising AUM at all costs. They utilize a discrepancy in performance reporting between private and public to suggest an extraordinary amount of alpha to the tune of 3000 basis points. Fundamentally, however, their real estate fund performance was probably about in-line with public REITs.
Based on the tone of the call they seem to be making hay while the sun is shining ...
Here is how American Campus Communities (ACC) and Assurant (AIZ) have performed compared to their sector so far this year.
ACC Price Returns
Continue Researching ACCHere are a few links from around the web to help you further your research on American Campus Communities Inc's stock as an investment opportunity:
American Campus Communities Inc (ACC) Stock Price | Nasdaq
American Campus Communities Inc (ACC) Stock Quote, History and News - Yahoo Finance
American Campus Communities Inc (ACC) Stock Price and Basic Information | MarketWatch