student housing

August 2, 2016 Comments Off on Student Housing REIT Stock Prices Soar Views: 312 National News, Southeast, Southwest, Tennessee, Texas

Student Housing REIT Stock Prices Soar

Shares in student housing REITs Education Realty Trust (EdR) and American Campus Communities (ACC) have been performing very well over the past year. Memphis-based EdR’s stock price increased by 54% over the past year, while ACC prices were up 44%. In comparison, Bloomberg’s North American apartment landlords’ index is up 12% over the same period.

There are several reasons for the increase, one being that while enrollment continues growing, on-campus residences halls aren’t keeping up with the influx of students. Investors could also be trying to hedge against the possibility of a U.S. recession. “In an environment of striking political and economic uncertainty, public investors are ascribing value to [the] certainty of cash flows in student housing,” said Ryan Burke, an analyst at Green Street Advisors.

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