5 Trending Stocks to Watch Today

3. American Campus Communities, Inc. (NYSE:ACC) has soared 12.78% as of 11:05 AM ET after private equity firm Blackstone Inc. announced that it would acquire the Austin, Texas-based provider of student housing for $12.8 billion, including debt. American Campus Communities, Inc. (NYSE:ACC) owns 166 properties in proximity to 71 universities across the US. This translates into a per-share value of $65.47, which reflects a premium of 14% from the last closing price. Following the deal, American Campus Communities, Inc. (NYSE:ACC) will go private and will become a part of Blackstone Real Estate Investment Trust (REIT) and Blackstone Property Partners. M&A activity in the real estate sector is on the rise due to access to cheap capital and the boom in the housing market.

American Campus Communities, Inc. (NYSE:ACC) is a constituent of 18 hedge fund portfolios as of Q4 2021.