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Preferred Apartment Communities Inc. (NASDAQ:APTS) target price raised to $14.00, reported today by Zacks Investment Research

Yesterday Preferred Apartment Communities Inc. (NASDAQ:APTS) traded -3.11% lower at $12.48. The company’s 50-day moving average is $13.50 and its 200-day moving average is $13.73. The last stock close price is down -11.43% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 252,019 shares of the stock were exchanged, up from an average trading volume of 184,111

Preferred Apartment Communities Inc. (NASDAQ:APTS) had its target price raised to $14.00 by Zacks Investment Research in a report released 10/11/2016. The new target price indicates a possible upside of 0.12% based on the company's last stock close price.

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Preferred Apartment Communities Inc. (NASDAQ:APTS)

Preferred Apartment Communities Inc. has a 52 week low of $10.29 and a 52 week high of $15.39 The company’s market cap is currently $0.

In addition to Zacks Investment Research reporting its target price, a total of 8 firms have reported on the stock. The consensus target price is $14.50 with 5 firms rating the stock a strong buy, 2 firms rating the stock a buy, 1 firm rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

About 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, construction and prestabilization carrying costs of multifamily communities and other real estate assets.

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