Preferred Apartment Communities Inc. (NASDAQ:APTS) has been upgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: September 16, 2016
Zacks Investment Research has upgraded Preferred Apartment Communities Inc.(NASDAQ:APTS) to Hold in a report released on 8/22/2016.
Only yesterday Preferred Apartment Communities Inc. (NASDAQ:APTS) traded 3.49% higher at $14.04. The company’s 50-day average is $14.12 and its two hundred day moving average is $13.58. The last close is up 0.40% from the two hundred day moving average, compared to the S&P 500 which has fallen -0.01% over the same period. 512,032 shares of Preferred Apartment Communities Inc. traded hands, up from ann avg. volume of 175,683.
Recent Performance Graph:
Preferred Apartment Communities Inc. has a 52 week low of $10.29 and a 52 week high of $15.39 . Preferred Apartment Communities Inc.’s market capitalization is currently $0.0.
A total of 8 equity analysts have released a research note on Preferred Apartment Communities Inc.. Five analysts rate the company a strong buy, two analysts rate the stock a buy, one firm rate the stock a hold, 0 rate the company to underperform, and finally 0 analystsrate the company as sell with an average target of $14.50
General Company Details For Preferred Apartment Communities Inc. (NASDAQ:APTS)
Preferred Apartment Communities, Inc. is a real estate investment trust (REIT). The Company is formed primarily to acquire and operate multifamily properties in select-targeted markets throughout the United States. It operates through three segments: multifamily communities, retail and real estate related financing. The multifamily communities segment consists of owned residential multifamily communities. It owns approximately 20 multifamily communities with a total of over 6, 140 units in over eight states. The retail segment consists of owned grocery-anchored shopping centers. It owns approximately 30 grocery-anchored shopping centers across over seven states. The financing segment consists of a portfolio of real estate loans, bridge loans and other financial instruments, which partially finance the development, and construction and prestabilization carrying costs of multifamily communities and other real estate assets.
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