NEW YORK (
) hit a new 52-week high Monday as it is currently trading at $38.36, above its previous 52-week high of $38.15 with 84,721 shares traded as of 10:05 a.m. ET. Average volume has been 651,800 shares over the past 30 days.
American Campus has a market cap of $2.6 billion and is part of the
industry. Shares are up 20% year to date as of the close of trading on Friday.
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 72.9, above the average real estate industry P/E ratio of 59.9 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 robust revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, compelling growth in net income and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full
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