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.

Closing Price
$44.88
Day's Change
0.00 (0.00%)
Bid
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Ask
--
B/A Size
--
Day's High
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Day's Low
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Volume
(Light)
Volume:
0

10-day average volume:
756,194
0

Dow books 17th record close of 2021 as stock market mostly shakes off investment fund's margin-call turbulence

5:36 pm ET March 29, 2021 (MarketWatch)
Print

The Dow Jones Industrial Average finished the start of holiday-shortened week at a fresh all-time high Monday, notching its second record in a row, as investors appeared willing to dismiss volatility sparked by a large investment fund's massive $30 billion margin calls last week that resulted in the unwind of billions of dollars in holdings. The margin event also triggered concern that global banks that dealt with the firm could face sharp losses. Still, the Dow closed up around 100 points, or 0.3%, to end at 33,171, marking its second straight all-time closing high and its 17th of 2021. The S&P 500 index closed off less than 0.1% at 3,971, narrowly missing a record with a positive finish, while the Nasdaq Composite Index declined 0.6% to end at 13,060. The Wall Street Journal reported that former Tiger Asia manager Bill Hwang's Archegos Capital Management (https://www.wsj.com/articles/japans-nomura-says-u-s-client-owes-it-2-billion-shares-fall-15-11616992085?mod=article_inline), sold $30 billion in holdings last week, briefly roiling parts of the market. Credit Suisse Group and Nomura Holdings said Monday that they could incur substantial losses from dealings with a U.S. client. Shares of U.S. financials were under pressure on Monday, closing off 0.9%, while consumer staples (XLP) and communication services (XLC) finished up 1% to lead gainers on the day among the S&P 500's 11 sectors. Shares of ViacomCBS (VIAC) and Discovery (DISCA), the media stocks, that were said to be sold off during the Archegos liquidation finished down 7% and 1.6%, respectively.

-Mark DeCambre; 415-439-6400; AskNewswires@dowjones.com

	

(END) Dow Jones Newswires

March 29, 2021 17:36 ET (21:36 GMT)

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