Preferred Apartment Communities Inc. (APTS) Holdings Raised by KCM Investment Advisors LLC

KCM Investment Advisors LLC raised its position in Preferred Apartment Communities Inc. (NYSE:APTS) by 6.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 317,420 shares of the real estate investment trust’s stock after purchasing an additional 18,550 shares during the period. KCM Investment Advisors LLC owned 0.82% of Preferred Apartment Communities worth $6,428,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. State Street Corp boosted its holdings in shares of Preferred Apartment Communities by 23.2% in the 2nd quarter. State Street Corp now owns 492,213 shares of the real estate investment trust’s stock valued at $7,754,000 after buying an additional 92,835 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of Preferred Apartment Communities by 26.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 25,578 shares of the real estate investment trust’s stock valued at $403,000 after buying an additional 5,333 shares in the last quarter. California State Teachers Retirement System boosted its holdings in shares of Preferred Apartment Communities by 3.2% in the 2nd quarter. California State Teachers Retirement System now owns 54,050 shares of the real estate investment trust’s stock valued at $851,000 after buying an additional 1,700 shares in the last quarter. Nationwide Fund Advisors boosted its holdings in shares of Preferred Apartment Communities by 102.4% in the 3rd quarter. Nationwide Fund Advisors now owns 152,750 shares of the real estate investment trust’s stock valued at $2,884,000 after buying an additional 77,266 shares in the last quarter. Finally, Advisor Group Inc. boosted its holdings in shares of Preferred Apartment Communities by 24.5% in the 3rd quarter. Advisor Group Inc. now owns 45,144 shares of the real estate investment trust’s stock valued at $852,000 after buying an additional 8,871 shares in the last quarter. 58.39% of the stock is currently owned by institutional investors.

How to Become a New Pot Stock Millionaire

APTS has been the subject of several research analyst reports. National Securities upped their target price on shares of Preferred Apartment Communities from $20.00 to $26.00 and gave the company a “buy” rating in a report on Wednesday, November 29th. ValuEngine upgraded shares of Preferred Apartment Communities from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. SunTrust Banks initiated coverage on shares of Preferred Apartment Communities in a report on Thursday, January 11th. They issued a “hold” rating and a $20.00 target price for the company. Zacks Investment Research cut shares of Preferred Apartment Communities from a “hold” rating to a “sell” rating in a report on Friday, January 26th. Finally, B. Riley set a $16.00 target price on shares of Preferred Apartment Communities and gave the company a “hold” rating in a report on Wednesday, February 28th. Four research analysts have rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating to the company’s stock. Preferred Apartment Communities has a consensus rating of “Buy” and a consensus price target of $19.86.

Shares of Preferred Apartment Communities stock opened at $14.98 on Thursday. The firm has a market cap of $577.99, a price-to-earnings ratio of -15.56, a P/E/G ratio of 1.46 and a beta of 0.37. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.06 and a current ratio of 0.06. Preferred Apartment Communities Inc. has a 52 week low of $12.99 and a 52 week high of $22.71.

Preferred Apartment Communities (NYSE:APTS) last issued its quarterly earnings results on Monday, February 26th. The real estate investment trust reported $0.36 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.64) by $1.00. The firm had revenue of $81.65 million during the quarter, compared to analysts’ expectations of $83.27 million. Preferred Apartment Communities had a net margin of 9.41% and a return on equity of 2.46%. Preferred Apartment Communities’s quarterly revenue was up 38.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.32 EPS. analysts forecast that Preferred Apartment Communities Inc. will post 1.44 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 16th. Investors of record on Thursday, March 15th will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 6.68%. The ex-dividend date is Wednesday, March 14th. Preferred Apartment Communities’s dividend payout ratio is currently -105.26%.

TRADEMARK VIOLATION WARNING: “Preferred Apartment Communities Inc. (APTS) Holdings Raised by KCM Investment Advisors LLC” was first reported by Ticker Report and is the property of of Ticker Report. If you are accessing this piece on another website, it was illegally copied and reposted in violation of United States & international copyright & trademark law. The original version of this piece can be accessed at https://www.tickerreport.com/banking-finance/3289379/preferred-apartment-communities-inc-apts-holdings-raised-by-kcm-investment-advisors-llc.html.

About Preferred Apartment Communities

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.

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

Receive News & Ratings for Preferred Apartment Communities Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Preferred Apartment Communities and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Nicolet Bankshares  Share Price
Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Nicolet Bankshares Share Price
Somewhat Negative News Coverage Somewhat Unlikely to Affect NexPoint Residential Trst  Stock Price
Somewhat Negative News Coverage Somewhat Unlikely to Affect NexPoint Residential Trst Stock Price
Mesoblast  Receiving Somewhat Favorable News Coverage, Study Shows
Mesoblast Receiving Somewhat Favorable News Coverage, Study Shows
Covenant Transport  Earns Media Sentiment Rating of 0.07
Covenant Transport Earns Media Sentiment Rating of 0.07
ArtByte Price Tops $0.0095
ArtByte Price Tops $0.0095
Project-X Reaches Market Cap of $9,359.00
Project-X Reaches Market Cap of $9,359.00


© 2006-2018 Ticker Report. Google+.