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Baron Funds Comments on American Campus Communities Inc.

November 25, 2013 | About:

American Campus Communities, Inc. (NYSE:ACC), an owner, manager, and developer of student housing, decreased 15.2% in the third quarter as the company's lease rates were weaker than expected. Supply in some of its markets increased, and REITS were hurt in the third quarter from rising yields as the 10-year Treasury yield approached 3% and made dividend yields on many REITs less attractive. However, we continue to believe the company is the best in its industry at developing properties and should improve its yields next year as the market absorbs the excess supply. (David Baron)

From Ron Baron's Baron Funds third quarter 2013 commentary.


Rating: 5.0/5 (1 vote)

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