Analyst Ratings For Preferred Apartment Communities Inc. (NYSE:APTS)

Today, Boenning Scattergood initiated coverage on Preferred Apartment Communities Inc. (NYSE:APTS) with a Buy with a price target of $22.00.

There are 3 Buy Ratings, 2 Hold Ratings, no Strong Buy Ratings, no Sell Ratings on the stock.

The current consensus rating on Preferred Apartment Communities Inc. (NYSE:APTS) is Buy with a consensus target price of $19.60 per share, a potential 9.13% upside.

Some recent analyst ratings include

• 9/17/2018-Preferred Apartment Communities Inc. (NYSE:APTS) has coverage initiated with a Buy rating and $22.00 price target
• 7/11/2017-Preferred Apartment Communities Inc. (NYSE:APTS) had its Market Perform rating reiterated by FBR & Co with a $16.00 price target

Recent Insider Trading Activity For Preferred Apartment Communities Inc. (NYSE:APTS)
Preferred Apartment Communities Inc. (NYSE:APTS) has insider ownership of 1.62% and institutional ownership of 55.61%.

• On 8/29/2018 Timothy Alan Peterson, Director, sold 5,500 with an average share price of $18.11 per share and the total transaction amounting to $99,605.00.
• On 8/8/2018 Michael Joseph Cronin, Insider, sold 16,460 with an average share price of $17.11 per share and the total transaction amounting to $281,630.60.
• On 3/6/2018 Daniel M Dupree, Insider, bought 500 with an average share price of $13.86 per share and the total transaction amounting to $6,930.00.
• On 12/20/2017 William J Gresham Jr, Director, sold 1,000 with an average share price of $20.19 per share and the total transaction amounting to $20,190.00.
• On 12/14/2017 William J Gresham Jr, Director, sold 1,000 with an average share price of $21.01 per share and the total transaction amounting to $21,010.00.
• On 12/11/2017 Michael Joseph Cronin, Insider, sold 2,500 with an average share price of $21.25 per share and the total transaction amounting to $53,125.00.
• On 11/27/2017 John A Williams, CEO, bought 700 with an average share price of $21.67 per share and the total transaction amounting to $15,169.00.

About Preferred Apartment Communities Inc. (NYSE:APTS)
Preferred Apartment Communities, Inc. (NYSE: APTS), or the Company, is a Maryland corporation formed primarily to acquire and operate multifamily properties in select targeted markets throughout the United States. 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. 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. At June 30, 2018, the Company was the approximate 97.4% owner of Preferred Apartment Communities Operating Partnership, L.P., or the Operating Partnership. We elected to be taxed as a real estate investment trust under the Internal Revenue Code of 1986, as amended, commencing with our tax year ended December 31, 2011.

Recent Trading Activity for Preferred Apartment Communities Inc. (NYSE:APTS)
Shares of Preferred Apartment Communities Inc. closed the previous trading session at 17,96 +0,090 0,50 % with 17.57 shares trading hands.