Preferred Apartment Communities, Inc. (APTS) Stake Lessened by OxFORD Asset Management LLP

OxFORD Asset Management LLP lessened its stake in Preferred Apartment Communities, Inc. (NYSE:APTS) by 22.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 58,035 shares of the real estate investment trust’s stock after selling 17,275 shares during the quarter. OxFORD Asset Management LLP owned approximately 0.16% of Preferred Apartment Communities worth $1,094,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Goldman Sachs Group Inc. raised its stake in shares of Preferred Apartment Communities by 15.9% in the 2nd quarter. Goldman Sachs Group Inc. now owns 93,198 shares of the real estate investment trust’s stock valued at $1,468,000 after purchasing an additional 12,819 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in shares of Preferred Apartment Communities by 103.6% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 91,611 shares of the real estate investment trust’s stock valued at $1,211,000 after purchasing an additional 46,614 shares in the last quarter. Northern Trust Corp raised its stake in shares of Preferred Apartment Communities by 20.9% in the 2nd quarter. Northern Trust Corp now owns 343,721 shares of the real estate investment trust’s stock valued at $5,413,000 after purchasing an additional 59,399 shares in the last quarter. EAM Investors LLC acquired a new stake in shares of Preferred Apartment Communities in the 3rd quarter valued at about $2,080,000. Finally, The Manufacturers Life Insurance Company raised its stake 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 purchasing an additional 5,333 shares in the last quarter. Institutional investors and hedge funds own 51.99% of the company’s stock.

In other Preferred Apartment Communities news, insider Daniel M. Dupree sold 17,000 shares of the company’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $21.08, for a total value of $358,360.00. Following the completion of the transaction, the insider now owns 99,564 shares in the company, valued at approximately $2,098,809.12. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Michael Joseph Cronin sold 2,500 shares of the company’s stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $21.25, for a total transaction of $53,125.00. Following the completion of the transaction, the insider now owns 16,460 shares of the company’s stock, valued at approximately $349,775. The disclosure for this sale can be found here. In the last ninety days, insiders have purchased 1,850 shares of company stock valued at $39,349. Insiders own 3.11% of the company’s stock.

Shares of Preferred Apartment Communities, Inc. (NYSE:APTS) opened at $20.18 on Thursday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.07 and a current ratio of 0.07. Preferred Apartment Communities, Inc. has a 1 year low of $12.42 and a 1 year high of $22.71. The firm has a market cap of $755.49, a PE ratio of 14.40, a P/E/G ratio of 2.03 and a beta of 0.43.

Preferred Apartment Communities (NYSE:APTS) last announced its quarterly earnings data on Monday, October 30th. The real estate investment trust reported ($0.49) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.31) by ($0.18). Preferred Apartment Communities had a net margin of 10.49% and a return on equity of 2.78%. The business had revenue of $74.90 million for the quarter, compared to the consensus estimate of $67.86 million. research analysts expect that Preferred Apartment Communities, Inc. will post 1.45 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Friday, December 15th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.96%. The ex-dividend date of this dividend is Thursday, December 14th. This is an increase from Preferred Apartment Communities’s previous quarterly dividend of $0.24. Preferred Apartment Communities’s dividend payout ratio is currently -99.01%.

A number of equities research analysts have recently issued reports on APTS shares. Zacks Investment Research upgraded shares of Preferred Apartment Communities from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a research note on Thursday, November 2nd. BidaskClub lowered shares of Preferred Apartment Communities from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 31st. National Securities boosted their price objective on shares of Preferred Apartment Communities from $20.00 to $26.00 and gave the company a “buy” rating in a research report on Wednesday, November 29th. B. Riley reaffirmed a “neutral” rating and set a $17.00 price objective (up previously from $16.00) on shares of Preferred Apartment Communities in a research report on Thursday, November 2nd. Finally, ValuEngine raised shares of Preferred Apartment Communities from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Three research analysts have rated the stock with a hold rating, two have issued a buy rating and two have issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $20.40.

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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.

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

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