NEW YORK (
) hit a new 52-week high Thursday as it is currently trading at $41.35, above its previous 52-week high of $41.29 with 29,214 shares traded as of 9:45 a.m. ET. Average volume has been 835,700 shares over the past 30 days.
American Campus has a market cap of $2.9 billion and is part of the
industry. Shares are up 29.1% year to date as of the close of trading on Wednesday.
Operates as a self-administered REIT that acquires, designs, finances, develops, manages the construction of, leases, and manages student housing properties. As of Dec. 31, 2005, its total owned and managed portfolio included 42 properties that represented apx. 27,100 beds in about 9,700 units. The company has a P/E ratio of 87.1, above the average real estate industry P/E ratio of 70.6 and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates American Campus as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, good cash flow from operations and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full
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