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Preferred Apartment Communities Inc. (NASDAQ:APTS) has been downgraded to Buy in a statement by BidaskClub earlier today.

Boasting a price of $15.45, Preferred Apartment Communities Inc. (NASDAQ:APTS) traded 0.17% higher on the day. With the last stock price close up 18.71% from the two hundred day average, compared with the S&P 500 Index which has increased 0.05% over the date range. Preferred Apartment Communities Inc. has recorded a 50-day average of $16.58 and a two hundred day average of $14.93. Volume of trade was down over the average, with 314,725 shares of APTS changing hands under the typical 316,052

BidaskClub has downgraded Preferred Apartment Communities Inc. (NASDAQ:APTS) to Buy in a statement released on 7/8/2017.

Performance Chart

Preferred Apartment Communities Inc. (NASDAQ:APTS)

With a total market value of $0, Preferred Apartment Communities Inc. has with a one year low of $12.02 and a one year high of $18.11 .

A total of 8 equity analysts have released a research note on APTS. Five equity analysts rating the company a strong buy, two equity analysts rating the company a buy, one equity analyst rating the company a hold, zero equity analysts rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $14.50.

More About Preferred Apartment Communities Inc. (NASDAQ:APTS)

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. The multifamily communities segment consists of its portfolio of owned residential multifamily communities. The real estate related financing segment consists of the Company's portfolio of real estate loans, bridge loans, and other instruments deployed by it to partially finance the development, construction, and prestabilization carrying costs of new multifamily communities and other real estate and real estate related assets. The new market properties segment consists of its portfolio of grocery-anchored shopping centers. The office buildings segment consists of its three office buildings located in Atlanta, Georgia and Birmingham, Alabama.

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