Preferred Apartment Communities Inc. (NASDAQ:APTS) CEO John A. Williams bought 600 shares of the business’s stock in a transaction on Friday, November 10th. The shares were acquired at an average cost of $20.99 per share, for a total transaction of $12,594.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Preferred Apartment Communities Inc. (NASDAQ:APTS) traded up $0.03 on Monday, reaching $21.10. The company had a trading volume of 316,900 shares, compared to its average volume of 291,494. Preferred Apartment Communities Inc. has a 52-week low of $12.42 and a 52-week high of $21.23.

Preferred Apartment Communities (NASDAQ:APTS) last released its quarterly earnings data on Monday, October 30th. The real estate investment trust reported ($0.49) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.31) by ($0.18). The firm had revenue of $74.90 million for the quarter, compared to analyst estimates of $67.86 million. Preferred Apartment Communities had a net margin of 4.66% and a negative return on equity of 4.73%.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Friday, December 15th will be given a dividend of $0.25 per share. This is a boost from Preferred Apartment Communities’s previous quarterly dividend of $0.24. The ex-dividend date is Thursday, December 14th. This represents a $1.00 dividend on an annualized basis and a yield of 4.74%. Preferred Apartment Communities’s dividend payout ratio (DPR) is presently -94.00%.

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A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Hillcrest Asset Management LLC acquired a new stake in shares of Preferred Apartment Communities in the third quarter worth about $12,257,000. JPMorgan Chase & Co. lifted its position in shares of Preferred Apartment Communities by 119.0% in the third quarter. JPMorgan Chase & Co. now owns 1,158,689 shares of the real estate investment trust’s stock worth $21,841,000 after buying an additional 629,616 shares during the last quarter. Teachers Advisors LLC lifted its position in shares of Preferred Apartment Communities by 926.8% in the second quarter. Teachers Advisors LLC now owns 525,054 shares of the real estate investment trust’s stock worth $8,270,000 after buying an additional 473,918 shares during the last quarter. Bank of Montreal Can lifted its position in shares of Preferred Apartment Communities by 14,877.4% in the second quarter. Bank of Montreal Can now owns 379,528 shares of the real estate investment trust’s stock worth $5,978,000 after buying an additional 376,994 shares during the last quarter. Finally, LSV Asset Management lifted its position in shares of Preferred Apartment Communities by 97.3% in the second quarter. LSV Asset Management now owns 731,366 shares of the real estate investment trust’s stock worth $11,519,000 after buying an additional 360,601 shares during the last quarter.

Several equities analysts have recently issued reports on the company. Canaccord Genuity set a $20.00 price target on Preferred Apartment Communities and gave the company a “buy” rating in a research report on Thursday, August 10th. Zacks Investment Research upgraded Preferred Apartment Communities from a “strong sell” rating to a “hold” rating in a report on Friday, August 4th. BidaskClub upgraded Preferred Apartment Communities from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 1st. B. Riley restated a “neutral” rating and issued a $17.00 target price (up from $16.00) on shares of Preferred Apartment Communities in a report on Thursday, November 2nd. Finally, ValuEngine raised Preferred Apartment Communities from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Preferred Apartment Communities currently has a consensus rating of “Buy” and an average price target of $19.20.

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.

Insider Buying and Selling by Quarter for Preferred Apartment Communities (NASDAQ:APTS)

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