Institutional Investors Negative on on Preferred Apartment Communities Inc Falls

Preferred Apartment Communities, Inc. (NYSE:APTS) Logo

Sentiment for Preferred Apartment Communities Inc (NYSE:APTS)

Preferred Apartment Communities Inc (NYSE:APTS) institutional sentiment decreased to 1.32 in Q2 2018. Its down -0.68, from 2 in 2018Q1. The ratio has dropped, as 74 funds increased or started new stock positions, while 56 sold and decreased stakes in Preferred Apartment Communities Inc. The funds in our partner’s database now have: 20.78 million shares, down from 21.51 million shares in 2018Q1. Also, the number of funds holding Preferred Apartment Communities Inc in their top 10 stock positions increased from 0 to 1 for an increase of 1. Sold All: 22 Reduced: 34 Increased: 50 New Position: 24.

Preferred Apartment Communities, Inc. is a real estate investment trust externally managed by Preferred Apartment Advisors, LLC. The company has market cap of $629.06 million. The firm invests in real estate markets of the United States. It currently has negative earnings. It primarily acquires and operates multifamily apartment properties.

The stock decreased 2.02% or $0.31 during the last trading session, reaching $15.03. About 238,142 shares traded. Preferred Apartment Communities, Inc. (NYSE:APTS) has declined 0.06% since December 8, 2017 and is downtrending. It has underperformed by 15.68% the S&P500.

Analysts await Preferred Apartment Communities, Inc. (NYSE:APTS) to report earnings on February, 25. They expect $0.37 earnings per share, up 2.78 % or $0.01 from last year’s $0.36 per share. APTS’s profit will be $15.49M for 10.16 P/E if the $0.37 EPS becomes a reality. After $0.28 actual earnings per share reported by Preferred Apartment Communities, Inc. for the previous quarter, Wall Street now forecasts 32.14 % EPS growth.

Icm Asset Management Inc Wa holds 3.31% of its portfolio in Preferred Apartment Communities, Inc. for 225,855 shares. Hillcrest Asset Management Llc owns 619,081 shares or 1.96% of their US portfolio. Moreover, Schnieders Capital Management Llc has 1.82% invested in the company for 253,197 shares. The Illinois-based Bard Associates Inc has invested 1.13% in the stock. Piermont Capital Management Inc., a Missouri-based fund reported 160,990 shares.

Since January 1, 0001, it had 0 insider purchases, and 1 insider sale for $99,605 activity.

More notable recent Preferred Apartment Communities, Inc. (NYSE:APTS) news were published by: Prnewswire.com which released: “Preferred Apartment Communities, Inc. Announces Acquisition of Two Grocery-Anchored Shopping Centers Through its Wholly-Owned Subsidiary, New Market Properties, LLC – PR Newswire” on April 30, 2018, also Bizjournals.com with their article: “TIAA affiliate pays almost $35 million for Atlanta Upper Westside creative office space – Atlanta Business Chronicle – Atlanta Business Chronicle” published on June 27, 2018, Investorplace.com published: “3 Dividend Stocks to Buy That Are Under $20 – Investorplace.com” on March 13, 2018. More interesting news about Preferred Apartment Communities, Inc. (NYSE:APTS) were released by: Bizjournals.com and their article: “Preferred Apartment Communities Inc. buys Cobb site for future development – Atlanta Business Chronicle” published on November 07, 2016 as well as Zacks.com‘s news article titled: “APTS vs. EDR: Which Stock Should Value Investors Buy Now? – Zacks.com” with publication date: June 11, 2018.

Preferred Apartment Communities, Inc. (NYSE:APTS) Institutional Positions Chart

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.