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Preferred Apartment Communities (NYSE:APTS) target price raised to $16.50, reported today by Compass Point

Preferred Apartment Communities (NYSE:APTS) had its price target upped to $17 by Compass Point in an issued report announced 8/03/2016. The latest target price suggests a potential upside of 0.15% from the company’s last closing price.

On 5/16/2016, Canaccord Genuity reported about Preferred Apartment Communities(NYSE:APTS) upped the target price from $14.00 to $15.00. At the time, this suggested an upside of 0.11%.

Showing a price of $14.36, Preferred Apartment Communities (NYSE:APTS) traded 3.49% higher on the day. With the last stock close up 0.45% from the two hundred day average, compared to the S&P 500 which has decreased -0.01% over the same time. The company has logged a 50-day moving average of $14.24 and two hundred day moving average of $13.57. 512,032 shares of Preferred Apartment Communities were exchanged, up from ann average trading volume of 165,414

See Chart Below:

Preferred Apartment Communities (NYSE:APTS)

Preferred Apartment Communities has a one-year low of $10.29 and a one-year high of $15.39 . Preferred Apartment Communities’s market cap is presently $0.0.

Also covering Preferred Apartment Communities’s price target, a total of 8 brokerages have issued a ratings update on the stock. The one year target stock price is $14.50 with five analysts rating the company a strong buy, two analysts rating the company a buy, one firm rating the stock a hold, 0 rating the company to underperform, and finally 0 analystsrating the stock as sell.

Brief Synopsis On Preferred Apartment Communities (NYSE: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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