Preferred Apartment Communities, Inc. (APTS) Stock Formed Bearish Multiple Bottom Chart Pattern

June 27, 2018 - By Cynthia Ashman

Preferred Apartment Communities, Inc. (NYSE:APTS) Corporate Logo

During 2018 Q1 the big money sentiment increased to 2. That’s change of 0.67, from 2017Q4’s 1.33. 20 investors sold all, 27 reduced holdings as Preferred Apartment Communities, Inc. ratio improved. 63 rose positions while 31 funds bought positions. Funds hold 21.51 million shares thus 3.55% less from 2017Q4’s 22.30 million shares.
Alliancebernstein Lp holds 145,800 shs. Indexiq Advisors Lc holds 0.02% of its capital in Preferred Apartment Communities, Inc. (NYSE:APTS) for 37,435 shs. Paloma Partners Mngmt reported 0% stake. Qs Ltd Co holds 0.02% or 140,137 shs. Asset Management One Comm Limited holds 76,321 shs or 0% of its capital. Michigan-based Sigma Planning Corp has invested 0.02% in Preferred Apartment Communities, Inc. (NYSE:APTS). Gsa Capital Prns Limited Liability Partnership invested in 0.07% or 93,963 shs. Bank Of Montreal Can accumulated 158,980 shs. Raymond James Financial Services owns 24,518 shs for 0% of their capital. Massachusetts Fincl Ser Comm Ma accumulated 52,771 shs or 0% of the stock. Finance Architects holds 0% in Preferred Apartment Communities, Inc. (NYSE:APTS) or 100 shs. 23,728 are held by Great West Life Assurance Can. Sunbelt Secs holds 0.68% of its capital in Preferred Apartment Communities, Inc. (NYSE:APTS) for 52,095 shs. Lazard Asset Mngmt Ltd Liability Co invested 0% in Preferred Apartment Communities, Inc. (NYSE:APTS). Lifeplan Finance Group holds 2,700 shs.

Preferred Apartment Communities, Inc. registered $20,790 net activity with 3 buys and 0 sales since March 6, 2018. Another trade for 500 shs valued at $6,930 was bought by WILLIAMS JOHN A. 500 shs were bought by SILVERSTEIN LEONARD A, worth $6,930.

Preferred Apartment Communities, Inc. (APTS) chart reviews a multiple bottoms technical pattern with $14.78 price target. That’s 7.00 % below today’s $15.89 price per share. On Jun, 27 the multiple bottoms technical pattern was reported by Finviz.com. If our $14.78 price target is reached APTS’s valuation can change by $44.79M.

APTS touched $15.89 during the last trading session after $0.01 change.Preferred Apartment Communities, Inc. has volume of 12,373 shares. Since June 27, 2017 APTS has declined 6.27% and is downtrending. The stock underperformed the S&P 500 by 18.84%.

Preferred Apartment Communities, Inc. (NYSE:APTS)’s earnings report is awaited on July, 30., RTT reports. Analysts have expectation on stock’s earnings per share of $0.35. That’s down 5.41 % from last year’s $0.37 earnings per share. This could be $14.09 million profit for APTS assuming the current $0.35 earnings per share will become reality. Wall Street sees -5.41 % negative EPS growth as of July, 30.

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

A total of 5 analysts rate Preferred Apartment (NYSE:APTS) as follows: 2 “Buy”, 3 “Hold” and 0 “Sell”. Тherefore 40% are bullish. The firm has $26.0 highest and $1600 lowest target. The avg target $19.20 is 20.83% above the last ($15.89) price. (NYSE:APTS) has 6 ratings reports on Jun 27, 2018 according to StockzIntelligence. On Wednesday, February 28 B. Riley & Co maintained the shares of APTS in report with “Neutral” rating. On Tuesday, April 17 FBR Capital maintained Preferred Apartment Communities, Inc. (NYSE:APTS) rating. FBR Capital has “Hold” rating and $1600 target. On Thursday, January 25 the stock of Preferred Apartment Communities, Inc. (NYSE:APTS) earned “Hold” rating by FBR Capital.

There’s a substantial Preferred Apartment Communities, Inc. (NYSE:APTS) news released by Globenewswire.com. It’s a report titled: “Research Report Identifies LegacyTexas Financial Group, Cracker Barrel Old Country Store, BP Prudhoe Bay Royalty …” on June 21, 2018.

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

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