Preferred Apartment Communities Inc. (APTS) Receives $17.63 Consensus PT from Brokerages

Lloyd Doyle
October 16, 2017

Among 6 analysts covering Preferred Apt. The stock decreased 1.72% or $0.3 on October 13, reaching $17.15. About 1.25 million shares traded or 44.31% up from the average. (NYSE:APTS) has risen 15.66% since October 15, 2016 and is uptrending. It has outperformed by 18.55% the S&P500. After $0.37 actual earnings per share reported by Preferred Apartment Communities Inc. for the previous quarter, Wall Street now forecasts 2.70% EPS growth. APTS's profit would be $12.41M giving it 13.08 P/E if the $0.38 EPS is correct. Finally, Prudential Financial Inc. raised its position in Mid-America Apartment Communities by 89.2% during the second quarter. The stock increased 0.15% or $0.16 on October 13, reaching $108.78. About 256,686 shares traded. Preferred Apt. Communities has $2000 highest and $12 lowest target. It has underperformed by 15.78% the S&P500.

Since May 22, 2017, it had 3 insider buys, and 1 sale for $28,212 activity.

Investors sentiment increased to 2.59 in Q2 2017. Its down 0.10, from 1.17 in 2017Q1. Mid-America Apartment Communities posted earnings of $1.49 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 2.7%.

A number of hedge funds have recently added to or reduced their stakes in the stock. During the same period a year ago, the firm earned $1.50 earnings per share. Preferred Apartment Communities had a negative return on equity of 4.73% and a net margin of 4.66%. Franklin accumulated 187,182 shares. Cornerstone Management Hldgs Lc reported 78,632 shares. 5,816 were accumulated by Ing Groep Nv. Schroder Investment Management Group purchased a new position in Preferred Apartment Communities in the second quarter worth $113,000. The legal version of this report can be accessed at https://weekherald.com/2017/10/16/bank-of-new-york-mellon-corp-raises-position-in-preferred-apartment-communities-inc-apts.html. Preferred Apartment Communities Inc. Creative Planning reported 1,168 shares. Mid-America Apartment Communities had 59 analyst reports since July 21, 2015 according to SRatingsIntel. (NYSE:APTS). Neuberger Berman Gru Ltd Liability Corporation holds 0.01% of its portfolio in Preferred Apartment Communities Inc. Commonwealth Bancshares Of Australia reported 740 shares stake. On average, equities research analysts anticipate that Preferred Apartment Communities Inc. will post ($1.08) EPS for the current fiscal year. Koshinski Asset holds 34,280 shares or 0% of its portfolio. Inc. now owns 5,080 shares of the real estate investment trust's stock worth $477,000 after buying an additional 2,250 shares during the last quarter. The stock has a market cap of $12.36 billion, a price-to-earnings ratio of 50.29 and a beta of 0.37. It has a 32.08 P/E ratio. It operates through three divisions: Large market same store, Secondary market same store and Non-Same Store and Other. Zacks Investment Research raised shares of Mid-America Apartment Communities from a "sell" rating to a "hold" rating in a research note on Tuesday, February 14th. Therefore 67% are positive. Eagle Eye Solutions Group Plc had 20 analyst reports since September 16, 2015 according to SRatingsIntel. (NYSE:APTS) on Monday, July 31 with "Buy" rating. Jefferies Group LLC increased their target price on shares of Mid-America Apartment Communities from $109.00 to $115.00 and gave the stock a "buy" rating in a research note on Thursday, March 30th.


Preferred Apartment Communities (NASDAQ:APTS) last announced its quarterly earnings results on Monday, July 31st. Preferred Apartment Communities shares had a trading volume of 284K by the end of trading on Friday. (NYSE:APTS) rating on Tuesday, May 30. The firm has "Hold" rating given on Tuesday, July 11 by FBR Capital. The stock of Mid-America Apartment Communities Inc (NYSE:MAA) has "Mkt Outperform" rating given on Thursday, October 20 by JMP Securities. The firm has "Buy" rating given on Friday, September 18 by DA Davidson. The stock has "Neutral" rating by Goldman Sachs on Wednesday, March 30.

Since May 4, 2017, it had 0 insider purchases, and 8 selling transactions for $4.84 million activity. (NYSE:APTS) for 3,577 shares. WILLIAMS JOHN A sold $76,370 worth of stock. $524,717 worth of CDW Corp (NASDAQ:CDW) was sold by ROTHER CHRISTINA V. on Wednesday, May 10.

MAA has been the topic of several recent analyst reports. The company was downgraded on Wednesday, January 4 by FBR Capital. The company was upgraded on Tuesday, May 9 by Robert W. Baird. On Wednesday, October 7 the stock rating was maintained by Panmure Gordon with "Buy". The company was maintained on Monday, July 10 by Jefferies. Chardan Capital Markets upgraded Amicus Therapeutics, Inc. The rating was maintained by Robert W. Baird with "Buy" on Thursday, August 3. Panmure Gordon maintained it with "Buy" rating and GBX 286 target in Tuesday, November 24 report. (APTS) Ex-Dividend Date Scheduled for ..." with publication date: "September 13, 2017. They now have a Dollars 14.5 price target on the stock. (NASDAQ APTS) opened at 19.88 on Monday. The Corporate segment consists of private sector business clients in the United States based on employee size between Medium/Large customers, which primarily includes organizations with more than 100 employees, and Small Business customers, which primarily includes organizations with up to 100 employees. State Teachers Retirement Systems owns 14,400 shares for 0% of their portfolio. (NYSE:APTS). Jpmorgan Chase And Com stated it has 529,073 shares or 0% of all its holdings. Following the completion of the sale, the director now owns 82,528 shares of the company's stock, valued at approximately $8,335,328. Uss Investment Mgmt Ltd owns 1.34 million shares. Tiaa Cref Inv Mgmt Ltd Company has 0% invested in Amicus Therapeutics, Inc. Following the acquisition, the director now owns 4,250 shares in the company, valued at $420,325. Moreover, Meiji Yasuda Life Insur has 0.19% invested in CDW Corp (NASDAQ:CDW) for 19,600 shares. Shore Capital maintained the shares of EYE in report on Thursday, March 16 with "Buy" rating. Great West Life Assurance Can holds 0.01% in CDW Corp (NASDAQ:CDW) or 48,409 shares.

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