MML Investors Services LLC acquired a new stake in Preferred Apartment Communities Inc. (NYSE:APTS) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 11,350 shares of the real estate investment trust’s stock, valued at approximately $230,000.

Several other institutional investors have also made changes to their positions in the company. Schwab Charles Investment Management Inc. boosted its position in Preferred Apartment Communities by 73.7% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 411,320 shares of the real estate investment trust’s stock valued at $7,766,000 after buying an additional 174,578 shares during the period. RMR Advisors LLC purchased a new stake in Preferred Apartment Communities during the 4th quarter valued at $739,000. Homrich & Berg purchased a new stake in Preferred Apartment Communities during the 4th quarter valued at $608,000. JPMorgan Chase & Co. boosted its position in Preferred Apartment Communities by 119.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,158,689 shares of the real estate investment trust’s stock valued at $21,841,000 after buying an additional 629,616 shares during the period. Finally, Advisory Services Network LLC boosted its position in Preferred Apartment Communities by 716.1% during the 4th quarter. Advisory Services Network LLC now owns 32,234 shares of the real estate investment trust’s stock valued at $653,000 after buying an additional 28,284 shares during the period. 58.39% of the stock is owned by institutional investors.

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Preferred Apartment Communities Inc. (NYSE:APTS) opened at $14.41 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.06 and a quick ratio of 0.06. Preferred Apartment Communities Inc. has a 1-year low of $12.99 and a 1-year high of $22.71. The company has a market cap of $578.77, a price-to-earnings ratio of -15.17, a price-to-earnings-growth ratio of 1.46 and a beta of 0.37.

Preferred Apartment Communities (NYSE:APTS) last issued its quarterly earnings data on Monday, February 26th. The real estate investment trust reported $0.36 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.64) by $1.00. Preferred Apartment Communities had a net margin of 9.41% and a return on equity of 2.46%. The business had revenue of $81.65 million during the quarter, compared to analyst estimates of $83.27 million. During the same period in the prior year, the business earned $0.32 EPS. The company’s revenue for the quarter was up 38.4% on a year-over-year basis. sell-side analysts predict that Preferred Apartment Communities Inc. will post 1.44 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Shareholders of record on Thursday, March 15th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $1.00 annualized dividend and a yield of 6.94%. Preferred Apartment Communities’s dividend payout ratio (DPR) is presently -105.26%.

Several equities research analysts have weighed in on the stock. Zacks Investment Research raised shares of Preferred Apartment Communities from a “sell” rating to a “hold” rating in a research report on Tuesday, March 13th. DA Davidson set a $18.00 price target on shares of Preferred Apartment Communities and gave the company a “buy” rating in a research report on Thursday, March 1st. B. Riley set a $16.00 price target on shares of Preferred Apartment Communities and gave the company a “hold” rating in a research report on Wednesday, February 28th. SunTrust Banks assumed coverage on shares of Preferred Apartment Communities in a research report on Thursday, January 11th. They set a “hold” rating and a $20.00 price target for the company. Finally, ValuEngine raised shares of Preferred Apartment Communities from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st. Four investment analysts have rated the stock with a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company. Preferred Apartment Communities has an average rating of “Buy” and a consensus price target of $19.86.

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About Preferred Apartment Communities

Preferred Apartment Communities, Inc is a real estate investment trust (REIT). The Company is formed to acquire and operate multifamily properties in select targeted markets throughout the United States. It operates through segments, including multifamily communities, real estate related financing, new market properties and office buildings.

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Institutional Ownership by Quarter for Preferred Apartment Communities (NYSE:APTS)

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