Schroder Investment Management Group raised its holdings in Preferred Apartment Communities, Inc. (NYSE:APTS) by 59.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,317 shares of the real estate investment trust’s stock after purchasing an additional 4,217 shares during the quarter. Schroder Investment Management Group’s holdings in Preferred Apartment Communities were worth $213,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Legal & General Group Plc boosted its stake in shares of Preferred Apartment Communities by 13.3% during the 2nd quarter. Legal & General Group Plc now owns 7,188 shares of the real estate investment trust’s stock worth $113,000 after acquiring an additional 845 shares in the last quarter. Citigroup Inc. boosted its stake in shares of Preferred Apartment Communities by 338.2% during the 2nd quarter. Citigroup Inc. now owns 11,831 shares of the real estate investment trust’s stock worth $187,000 after acquiring an additional 9,131 shares in the last quarter. Hancock Holding Co. purchased a new stake in shares of Preferred Apartment Communities during the 2nd quarter worth approximately $199,000. Pitcairn Co. purchased a new stake in shares of Preferred Apartment Communities during the 3rd quarter worth approximately $205,000. Finally, Citadel Advisors LLC purchased a new stake in shares of Preferred Apartment Communities during the 2nd quarter worth approximately $206,000. 51.99% of the stock is currently owned by institutional investors.

In related news, insider Michael Joseph Cronin sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $21.25, for a total value of $53,125.00. Following the sale, the insider now owns 16,460 shares of the company’s stock, valued at approximately $349,775. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Daniel M. Dupree sold 17,000 shares of the company’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $21.08, for a total value of $358,360.00. Following the completion of the sale, the insider now directly owns 99,564 shares in the company, valued at approximately $2,098,809.12. The disclosure for this sale can be found here. In the last ninety days, insiders purchased 1,850 shares of company stock worth $39,349. 3.11% of the stock is owned by corporate insiders.

Shares of Preferred Apartment Communities, Inc. (NYSE APTS) opened at $20.59 on Wednesday. Preferred Apartment Communities, Inc. has a 52 week low of $12.42 and a 52 week high of $22.71. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.05. The stock has a market capitalization of $783.37, a P/E ratio of 14.93, a P/E/G ratio of 2.10 and a beta of 0.43.

Preferred Apartment Communities (NYSE:APTS) last posted its earnings results 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). Preferred Apartment Communities had a net margin of 10.49% and a return on equity of 2.78%. The company had revenue of $74.90 million during the quarter, compared to analysts’ expectations of $67.86 million. equities analysts forecast that Preferred Apartment Communities, Inc. will post 1.45 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Friday, December 15th will be paid a $0.25 dividend. The ex-dividend date is Thursday, December 14th. This represents a $1.00 dividend on an annualized basis and a yield of 4.86%. This is a positive change from Preferred Apartment Communities’s previous quarterly dividend of $0.24. Preferred Apartment Communities’s dividend payout ratio is presently -99.01%.

APTS has been the topic of several research analyst reports. ValuEngine raised Preferred Apartment Communities from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. Zacks Investment Research lowered Preferred Apartment Communities from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. BidaskClub lowered Preferred Apartment Communities from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 31st. B. Riley boosted their price target on Preferred Apartment Communities from $16.00 to $17.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 1st. Finally, National Securities boosted their price target on Preferred Apartment Communities from $20.00 to $26.00 and gave the stock a “buy” rating in a research note on Wednesday, November 29th. Three investment analysts have rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $20.40.

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Preferred Apartment Communities Company Profile

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.

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

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