Can we expect Preferred Apartment Communities Inc (NYSE:APTS) to bring investors news of $0.26 dividends?

June 13, 2018 - By Michael Collier

Preferred Apartment Communities, Inc. (NYSE:APTS) LogoInvestors sentiment increased to 2 in Q1 2018. Its up 0.67, from 1.33 in 2017Q4. It is positive, as 20 investors sold Preferred Apartment Communities, Inc. shares while 27 reduced holdings. 31 funds opened positions while 63 raised stakes. 21.51 million shares or 3.55% less from 22.30 million shares in 2017Q4 were reported.
Morgan Stanley reported 0% of its portfolio in Preferred Apartment Communities, Inc. (NYSE:APTS). Bnp Paribas Arbitrage Sa holds 8,386 shares or 0% of its portfolio. 9,241 were accumulated by Smith Asset Management Grp Incorporated Lp. Lazard Asset Mngmt Limited Liability Corporation accumulated 34,368 shares. Fifth Third Bankshares has invested 0% of its portfolio in Preferred Apartment Communities, Inc. (NYSE:APTS). Nomura Asset Management accumulated 0% or 23,400 shares. National Bank & Trust Of Ny Mellon Corporation reported 347,675 shares or 0% of all its holdings. Daiwa Secs Grp Inc reported 4,400 shares. Invesco accumulated 180,825 shares. Farmers & Merchants Invs accumulated 510 shares or 0% of the stock. Raymond James Fin Service Advsr, a Florida-based fund reported 24,518 shares. Stevens Cap Mngmt Limited Partnership stated it has 23,726 shares. Advisory Services Network Limited Liability Company has invested 0% in Preferred Apartment Communities, Inc. (NYSE:APTS). Piermont Capital Management Inc holds 124,280 shares or 0.59% of its portfolio. Amer Asset Management Incorporated owns 22,700 shares or 0.28% of their US portfolio.

Since March 6, 2018, it had 3 insider buys, and 0 sales for $20,790 activity. The insider WILLIAMS JOHN A bought 500 shares worth $6,930. DUPREE DANIEL M also bought $6,930 worth of Preferred Apartment Communities, Inc. (NYSE:APTS) shares.

Preferred Apartment Communities Inc (NYSE:APTS) is expected to pay $0.26 on Jul 16, 2018. Shareholders owning the stock before Jun 14, 2018 will be eligible to receive the payout. Based on Preferred Apartment Communities Inc’s current price of $15.00, the dividend is 1.70 %. This dividend’s record date is Jun 15, 2018 and the announcement date is Apr 30, 2018. The stock decreased 1.25% or $0.19 during the last trading session, reaching $15. About 180,602 shares traded. Preferred Apartment Communities, Inc. (NYSE:APTS) has declined 6.27% since June 13, 2017 and is downtrending. It has underperformed by 18.84% the S&P500.

Preferred Apartment Communities, Inc. , or the Company, is a Maryland corporation formed primarily to acquire and operate multifamily properties in select targeted markets throughout the United States. The company has market cap of $604.19 million. As part of our business strategy, we may enter into forward purchase contracts or purchase options for to-be-built multifamily communities and we may make real estate related loans, provide deposit arrangements or provide performance assurances, as may be necessary or appropriate, in connection with the development of multifamily communities and other properties. It currently has negative earnings. As a secondary strategy, we may acquire or originate senior mortgage loans, subordinate loans or real estate loans secured by interests in multifamily properties, membership or partnership interests in multifamily properties and other multifamily related assets and invest a lesser portion of our assets in other real estate related investments, including other income-producing property types, senior mortgage loans, subordinate loans or real estate loans secured by interests in other income-producing property types or membership or partnership interests in other income-producing property types as determined by Preferred Apartment Advisors, LLC, or our Manager, as appropriate for us.

Preferred Apartment Communities, Inc. (NYSE:APTS) Ratings Coverage

Among 5 analysts covering Preferred Apartment (NYSE:APTS), 2 have Buy rating, 0 Sell and 3 Hold. Therefore 40% are positive. Preferred Apartment had 6 analyst reports since January 11, 2018 according to SRatingsIntel. On Tuesday, April 17 the stock rating was maintained by FBR Capital with “Hold”. The stock of Preferred Apartment Communities, Inc. (NYSE:APTS) earned “Neutral” rating by B. Riley & Co on Wednesday, February 28. The rating was maintained by FBR Capital with “Hold” on Thursday, January 25.

Another recent and important Preferred Apartment Communities, Inc. (NYSE:APTS) news was published by Prnewswire.com which published an article titled: “Preferred Apartment Communities, Inc. Announces Investment in Nashville, Tennessee Multifamily Development” on May 24, 2018.

Preferred Apartment Communities, Inc. (NYSE:APTS) Institutional Positions Chart

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