Stock of the Day: Preferred Apartment Communities Inc. on Focus After Crashing In Today’s Session

Stock of the Day: Preferred Apartment Communities Inc. on Focus After Crashing In Today's Session

The stock of Preferred Apartment Communities Inc. (NYSE:APTS) is a huge mover today! The stock decreased 3.44% or $0.44 on October 5, hitting $12.36. Preferred Apartment Communities Inc. (NYSE:APTS) has risen 1.03% since March 2, 2016 and is uptrending. It has underperformed by 7.23% the S&P500.
The move comes after 6 months negative chart setup for the $303.65 million company. It was reported on Oct, 6 by Barchart.com. We have $11.12 PT which if reached, will make NYSE:APTS worth $30.37 million less.

Analysts await Preferred Apartment Communities Inc. (NYSE:APTS) to report earnings on November, 7. They expect $0.32 EPS, 0.00% or $0.00 from last year’s $0.32 per share. APTS’s profit will be $7.86M for 9.66 P/E if the $0.32 EPS becomes a reality. After $0.31 actual EPS reported by Preferred Apartment Communities Inc. for the previous quarter, Wall Street now forecasts 3.23% EPS growth.

Preferred Apartment Communities Inc. (NYSE:APTS) Ratings Coverage

Out of 6 analysts covering Preferred Apt. Communities (NYSE:APTS), 6 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Preferred Apt. Communities has been the topic of 11 analyst reports since July 23, 2015 according to StockzIntelligence Inc. DA Davidson initiated the stock with “Buy” rating in Friday, September 18 report. On Wednesday, March 9 the stock rating was downgraded by Compass Point to “Neutral”. On Thursday, July 23 the stock rating was initiated by Canaccord Genuity with “Buy”. The firm has “Buy” rating by Canaccord Genuity given on Monday, May 16. JMP Securities initiated the stock with “Market Outperform” rating in Tuesday, September 15 report. Wunderlich maintained Preferred Apartment Communities Inc. (NYSE:APTS) rating on Thursday, August 6. Wunderlich has “Buy” rating and $12.0 price target. The rating was upgraded by Compass Point to “Buy” on Wednesday, May 4. FBR Capital maintained the shares of APTS in a report on Tuesday, May 10 with “Outperform” rating. As per Thursday, November 5, the company rating was maintained by Compass Point. Wunderlich maintained Preferred Apartment Communities Inc. (NYSE:APTS) on Wednesday, March 9 with “Buy” rating.

According to Zacks Investment Research, “Preferred Apartment Communities, Inc. is a real estate investment trust. The company acquire and operate multifamily properties primarily in the United States. It also acquire senior mortgage loans, subordinate loans or mezzanine debt secured by interests in multifamily properties, membership or partnership interests in multifamily properties and other multifamily assets. Preferred Apartment Communities, Inc. is based in Atlanta, United States.”

Insitutional Activity: The institutional sentiment increased to 2.16 in 2016 Q2. Its up 0.79, from 1.37 in 2016Q1. The ratio increased, as 4 funds sold all Preferred Apartment Communities Inc. shares owned while 21 reduced positions. 13 funds bought stakes while 41 increased positions. They now own 8.17 million shares or 6.55% more from 7.67 million shares in 2016Q1.
Koshinski Asset Incorporated owns 35,028 shares or 0% of their US portfolio. Allianz Asset Management Ag has invested 0% of its portfolio in Preferred Apartment Communities Inc. (NYSE:APTS). Pnc Fin Grp Inc last reported 0% of its portfolio in the stock. Blackrock Institutional Tru Na has 0% invested in the company for 364,692 shares. Bokf Na accumulated 10,000 shares or 0.01% of the stock. Teachers reported 47,626 shares or 0% of all its holdings. Raymond James Fincl Serv Advsr accumulated 0.01% or 46,509 shares. The New York-based Blackrock has invested 0% in Preferred Apartment Communities Inc. (NYSE:APTS). Mizuho Trust & Communication Limited has 0% invested in the company for 4,399 shares. Gsa Cap Prns Limited Liability Partnership holds 0.02% of its portfolio in Preferred Apartment Communities Inc. (NYSE:APTS) for 19,100 shares. Neuberger Berman Grp Ltd Liability Corp reported 230,525 shares or 0% of all its holdings. State Board Of Administration Of Florida Retirement Sys accumulated 0% or 81,637 shares. Moreover, Ladenburg Thalmann Fin Svcs has 0% invested in Preferred Apartment Communities Inc. (NYSE:APTS) for 17,936 shares. Macquarie holds 0% or 33,100 shares in its portfolio. Architects accumulated 100 shares or 0% of the stock.

Insider Transactions: Since May 12, 2016, the stock had 1 buying transaction, and 0 insider sales for $20,656 net activity. WILLIAMS JOHN A had bought 1,500 shares worth $20,656 on Thursday, May 12.

More notable recent Preferred Apartment Communities Inc. (NYSE:APTS) news were published by: Prnewswire.com which released: “Preferred Apartment Communities, Inc. Announces Acquisition of a 9-Story Class …” on August 30, 2016, also Prnewswire.com with their article: “Preferred Apartment Communities, Inc. Announces Acquisition of a 290-Unit …” published on August 24, 2016, Prnewswire.com published: “Preferred Apartment Communities, Inc. Announces a Joint Venture Investment in …” on July 05, 2016. More interesting news about Preferred Apartment Communities Inc. (NYSE:APTS) were released by: Prnewswire.com and their article: “Preferred Apartment Communities, Inc. Announces Acquisition of First Student …” published on June 01, 2016 as well as Prnewswire.com‘s news article titled: “Preferred Apartment Communities, Inc. Announces Investment in Atlanta, Georgia …” with publication date: December 18, 2015.

APTS Company Profile

Preferred Apartment Communities, Inc., incorporated on September 18, 2009, is a real estate investment trust (REIT). The Firm is formed primarily to acquire and operate multifamily properties in select-targeted markets throughout the United States. The Firm operates through three divisions: multifamily communities, retail and real estate related financing. It focuses on entering into forward purchase contracts or purchase options for to-be-built multifamily communities; making real estate related loans; providing deposit arrangements or providing performance assurances, in connection with the construction of multifamily communities and other properties. It also focuses on acquiring or originating senior mortgage loans, subordinate loans or real estate loans secured by interests in multifamily properties, membership or partnership interests in multifamily properties, and other multifamily related assets.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Leave a Comment