American Campus Rises On Unusually High Volume (ACC)
American Campus Communities (NYSE:ACC) is trading at unusually high volume Tuesday with 1.7 million shares changing hands. It is currently at 2.2 times its average daily volume and trading up 90 cents (+2.1%).
Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model. NEW YORK ( TheStreet) -- American Campus Communities (NYSE: ACC) is trading at unusually high volume Tuesday with 1.7 million shares changing hands. It is currently at 2.2 times its average daily volume and trading up 90 cents (+2.1%) at $44.64 as of 4:06 p.m. ET.
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American Campus has a market cap of $4.48 billion and is part of the financial sector and real estate industry. Shares are down 6.5% year to date as of the close of trading on Monday. American Campus Communities, Inc. is an independent equity real estate investment trust. The firm invests in the real estate markets of the United States. It primarily engages in developing, owning, and managing high-quality student housing communities. The company has a P/E ratio of 77.7, above the S&P 500 P/E ratio of 17.7. TheStreet Ratings rates American Campus as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth and increase in net income. We feel these strengths outweigh the fact that the company has had lackluster performance in the stock itself. You can view the full American Campus Ratings Report. See all heavy volume stocks in our stocks moving on unusual volume list or get investment ideas from our investment research center. Exclusive Offer: Jim Cramer's 'go-to' small/mid-cap guru Bryan Ashenberg only buys stocks he thinks could return 50-100% See his top picks for 14-days FREE.