Fly News Breaks for November 8, 2019
Nov 8, 2019 | 05:12 EDT
Goldman Sachs analyst Richard Skidmore initiated coverage of American Campus Communities with a Neutral rating and $53 price target. The analyst started 10 residential real estate investment trusts. Favorable demographic trends, limited disruption threat and strong cash and dividend characteristics drive his positive long-term view of the sector. Skidmore sees slower funds from operations growth for American Campus relative to the Residential sector average.
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