American Campus Communities Inc
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Real Estate : Equity Real Estate Investment Trusts (REITs) | Small Cap Blend
Company profile

American Campus Communities, Inc. is a self-managed and self-administered equity real estate investment trust (REIT). The Company's segments include Wholly-Owned Properties, On-Campus Participating Properties, Development Services, and Property Management Services. It is engaged in the acquisition, design, financing, development, construction management, leasing and management of student housing properties. The Wholly-Owned Properties segment consists of off-campus properties, which are located in close proximity to the school campus. The On-Campus Participating Properties segment includes on-campus properties that are operated under long-term ground/facility leases with three university systems. The Development Services segment consists of development and construction management services that it provides through one of its taxable REIT subsidiaries for third-party owners. The Property Management Services segment includes revenues generated from third-party management contracts.

Postmarket

Last Trade
Delayed
$0.00
0.00 (0.00%)
Bid
--
Ask
--
B/A Size
--

Market Hours

Closing Price
$40.31
Day's Change
0.51 (1.28%)
Bid
--
Ask
--
B/A Size
--
Day's High
40.66
Day's Low
40.10
Volume
(Below Average)
Volume:
639,589

10-day average volume:
731,997
639,589

Airline stocks surge as President Trump boosts hopes for new stimulus

8:40 am ET October 7, 2020 (MarketWatch)
Print

Shares of airline companies jumped in premarket trading Wednesday, after President Trump said he would immediately sign individual stimulus measures (http://www.marketwatch.com/story/president-trump-tweets-that-he-would-pass-independent-coronavirus-relief-aid-11602050156) sent to him, including $25 billion in airline payroll support. Among the most active airline stocks ahead of the open, American Airlines Group Inc. (AAL) rallied 4.0%, United Airlines Holdings Inc. (UAL) climbed 4.6%, Delta Air Lines Inc. (DAL) hiked up 3.5%, Spirit Airlines Inc. (SAVE) rose 4.1% and Southwest Airlines Co. (LUV) gained 2.5%. Shares of JetBlue Airways Corp. (JBLU) ran up 6.0%, as they got a further boost from a double upgrade from J.P. Morgan, as analyst Jamie Baker swung to an overweight rating from underweight, saying "risk/reward if favorable at current valuation levels." The U.S. Global Jets ETF (JETS), which advanced 2.5% in the premarket, has tumbled 45.5% year to date through Tuesday, while the S&P 500 has gained 4.0%.

-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

October 07, 2020 08:40 ET (12:40 GMT)

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