Sigma Planning Corp Takes $287,000 Position in Preferred Apartment Communities Inc. (APTS)

Sigma Planning Corp bought a new position in Preferred Apartment Communities Inc. (NYSE:APTS) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 14,150 shares of the real estate investment trust’s stock, valued at approximately $287,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Schwab Charles Investment Management Inc. raised its holdings in Preferred Apartment Communities by 73.7% in the third quarter. Schwab Charles Investment Management Inc. now owns 411,320 shares of the real estate investment trust’s stock worth $7,766,000 after purchasing an additional 174,578 shares during the period. Goldman Sachs Group Inc. raised its holdings 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 purchasing an additional 12,819 shares during the period. RMR Advisors LLC acquired a new stake in Preferred Apartment Communities in the fourth quarter worth $739,000. JPMorgan Chase & Co. raised its holdings 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 purchasing an additional 629,616 shares during the period. Finally, Nationwide Fund Advisors raised its holdings 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 purchasing an additional 77,266 shares during the period. Institutional investors own 48.73% of the company’s stock.

Shares of Preferred Apartment Communities Inc. (NYSE APTS) opened at $14.42 on Friday. Preferred Apartment Communities Inc. has a twelve month low of $12.42 and a twelve month high of $22.71. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.05. The company has a market cap of $555.51, a price-to-earnings ratio of -14.28, a P/E/G ratio of 1.41 and a beta of 0.19.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Thursday, March 15th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, March 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 6.93%. Preferred Apartment Communities’s payout ratio is -99.01%.

In related news, insider Michael Joseph Cronin sold 2,500 shares of the firm’s stock in a transaction on Monday, December 11th. The shares were sold at an average price of $21.25, for a total transaction of $53,125.00. Following the sale, the insider now directly owns 16,460 shares in the company, valued at $349,775. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last 90 days, insiders have sold 4,500 shares of company stock worth $94,325. 3.11% of the stock is currently owned by company insiders.

Several equities research analysts have weighed in on APTS shares. ValuEngine upgraded shares of Preferred Apartment Communities from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. BidaskClub upgraded shares of Preferred Apartment Communities from a “buy” rating to a “strong-buy” rating in a report on Tuesday, November 14th. Zacks Investment Research lowered shares of Preferred Apartment Communities from a “hold” rating to a “sell” rating in a report on Friday, January 26th. National Securities raised their price objective on shares of Preferred Apartment Communities from $20.00 to $26.00 and gave the stock a “buy” rating in a report on Wednesday, November 29th. Finally, SunTrust Banks assumed 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. One research 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. The stock has a consensus rating of “Buy” and an average target price of $20.33.

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Preferred Apartment Communities Company 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.

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Institutional Ownership by Quarter for Preferred Apartment Communities (NYSE:APTS)

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