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Campus Crest Communities (NYSE:CCG) set a new 52-week low on Friday, American Banking and Market News reports. The company traded as low as $8.78 and last traded at $8.88, with a volume of 652,632 shares. The stock had previously closed at $8.91.

CCG has been the subject of a number of recent research reports. Analysts at Raymond James downgraded shares of Campus Crest Communities from an “outperform” rating to a “market perform” rating in a research note to investors on Tuesday, January 7th. Separately, analysts at RBC Capital cut their price target on shares of Campus Crest Communities from $13.00 to $11.00 in a research note to investors on Friday, November 29th. They now have a “sector perform” rating on the stock. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $12.40.

Campus Crest Communities has a one year low of $8.82 and a one year high of $14.36. The stock’s 50-day moving average is $9.1 and its 200-day moving average is $10.20. The company has a market cap of $569.6 million and a price-to-earnings ratio of 55.69.

The company also recently declared a quarterly dividend, which is scheduled for Wednesday, April 9th. Shareholders of record on Wednesday, March 26th will be given a dividend of 0.165 per share. This represents a $0.66 dividend on an annualized basis and a yield of 7.47%. The ex-dividend date of this dividend is Monday, March 24th.

Campus Crest Communities, Inc is a self-managed, self-administered and vertically-integrated developer, builder, owner and manager of purpose-built student housing properties in the United States.

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