Preferred Apartment Communities Inc. (APTS) Shares Sold by Crow Point Partners LLC

Crow Point Partners LLC decreased its position in shares of Preferred Apartment Communities Inc. (NYSE:APTS) by 16.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 250,000 shares of the real estate investment trust’s stock after selling 50,000 shares during the period. Preferred Apartment Communities makes up approximately 0.8% of Crow Point Partners LLC’s investment portfolio, making the stock its 27th biggest position. Crow Point Partners LLC owned 0.68% of Preferred Apartment Communities worth $5,120,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in APTS. Schwab Charles Investment Management Inc. raised its stake in shares of Preferred Apartment Communities by 73.7% during the third 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 acquiring an additional 174,578 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in Preferred Apartment Communities by 15.9% in the second quarter. Goldman Sachs Group Inc. now owns 93,198 shares of the real estate investment trust’s stock worth $1,468,000 after buying an additional 12,819 shares in the last quarter. JPMorgan Chase & Co. raised its stake in 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 in the last quarter. Nationwide Fund Advisors raised its stake in Preferred Apartment Communities by 102.4% in the third quarter. Nationwide Fund Advisors now owns 152,750 shares of the real estate investment trust’s stock worth $2,884,000 after buying an additional 77,266 shares in the last quarter. Finally, Northern Trust Corp raised its stake in Preferred Apartment Communities by 20.9% in the second quarter. Northern Trust Corp now owns 343,721 shares of the real estate investment trust’s stock worth $5,413,000 after buying an additional 59,399 shares in the last quarter. Institutional investors own 51.40% of the company’s stock.

In other Preferred Apartment Communities news, insider Daniel M. Dupree sold 17,000 shares of the stock in a transaction dated 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 owns 99,564 shares in the company, valued at approximately $2,098,809.12. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Michael Joseph Cronin sold 2,500 shares of the stock in a transaction dated Monday, December 11th. The shares were sold at an average price of $21.25, for a total transaction of $53,125.00. Following the completion of the sale, the insider now owns 16,460 shares of the company’s stock, valued at approximately $349,775. The disclosure for this sale can be found here. In the last quarter, insiders acquired 1,850 shares of company stock valued at $39,349 and sold 21,500 shares valued at $452,685. 3.11% of the stock is currently owned by corporate insiders.

Preferred Apartment Communities Inc. (NYSE:APTS) opened at $16.17 on Friday. The firm has a market cap of $528.25, a PE ratio of -16.17, a price-to-earnings-growth ratio of 1.65 and a beta of 0.43. Preferred Apartment Communities Inc. has a 1 year low of $12.42 and a 1 year high of $22.71. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.07 and a quick ratio of 0.07.

Preferred Apartment Communities (NYSE:APTS) last released its quarterly earnings results on Monday, October 30th. The real estate investment trust reported ($0.49) earnings per share for the quarter, missing the consensus estimate of ($0.31) by ($0.18). Preferred Apartment Communities had a return on equity of 2.78% and a net margin of 10.49%. The company had revenue of $74.90 million for the quarter, compared to analyst estimates of $67.86 million. sell-side analysts expect that Preferred Apartment Communities Inc. will post 1.45 EPS for the current year.

Several equities analysts have issued reports on the stock. Zacks Investment Research raised shares of Preferred Apartment Communities from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a report on Thursday, November 2nd. BidaskClub lowered shares of Preferred Apartment Communities from a “strong-buy” rating to a “buy” rating in a report on Tuesday, October 31st. National Securities boosted their price objective on shares of Preferred Apartment Communities from $20.00 to $26.00 and gave the company a “buy” rating in a report on Wednesday, November 29th. SunTrust Banks began coverage on shares of Preferred Apartment Communities in a report on Thursday, January 11th. They set a “hold” rating and a $20.00 price objective on the stock. Finally, B. Riley reaffirmed a “neutral” rating and issued a $17.00 price target (up from $16.00) on shares of Preferred Apartment Communities in a report on Thursday, November 2nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating, two have issued a buy rating and two have given a strong buy rating to the company’s stock. Preferred Apartment Communities presently has a consensus rating of “Buy” and a consensus price target of $20.33.

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Preferred Apartment Communities 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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