Just over a year ago I wrote an article on Campus Crest (NYSE:CCG) titled: I Must Confess, There's Plenty Of Zest For Campus Crest. In that article I explained that although Campus Crest wasn't "the biggest player in the specialty campus housing sector", I was attracted to the "more nimble pick" based upon the "uniquely advantageous proposition that rewards investors for higher development yields generated by organic construction and development". I added, "That translates into bigger dividends."
Well since that (February 18, 2013) it's clear to see that Mr. Market saw no "zest" for Campus Crest. Shares in the $1.18 billion (based on assets) REIT have fallen by over 30% in 14 months.
(click to enlarge)