OxFORD Asset Management LLP Has $1.09 Million Position in Preferred Apartment Communities Inc. (APTS)

OxFORD Asset Management LLP decreased its holdings in Preferred Apartment Communities Inc. (NYSE:APTS) by 22.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm 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 0.16% of Preferred Apartment Communities worth $1,094,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Metropolitan Life Insurance Co. NY raised its holdings in Preferred Apartment Communities by 0.5% in the 1st quarter. Metropolitan Life Insurance Co. NY now owns 17,926 shares of the real estate investment trust’s stock worth $237,000 after purchasing an additional 81 shares during the period. Raymond James Financial Services Advisors Inc. raised its holdings in Preferred Apartment Communities by 0.9% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 42,505 shares of the real estate investment trust’s stock worth $669,000 after purchasing an additional 361 shares during the period. Advisor Group Inc. raised its holdings in Preferred Apartment Communities by 1.4% in the 2nd quarter. Advisor Group Inc. now owns 36,273 shares of the real estate investment trust’s stock worth $572,000 after purchasing an additional 507 shares during the period. Legal & General Group Plc raised its holdings in Preferred Apartment Communities by 13.3% in the 2nd quarter. Legal & General Group Plc now owns 7,188 shares of the real estate investment trust’s stock worth $113,000 after purchasing an additional 845 shares during the period. Finally, First City Capital Management Inc. raised its holdings in Preferred Apartment Communities by 6.5% in the 2nd quarter. First City Capital Management Inc. now owns 16,644 shares of the real estate investment trust’s stock worth $262,000 after purchasing an additional 1,021 shares during the period. 51.99% of the stock is owned by institutional investors.

APTS has been the subject of a number of analyst reports. BidaskClub raised Preferred Apartment Communities from a “buy” rating to a “strong-buy” rating in a report on Tuesday, November 14th. Zacks Investment Research cut Preferred Apartment Communities from a “buy” rating to a “hold” rating in a report on Friday, November 3rd. National Securities upped their price target on Preferred Apartment Communities from $20.00 to $26.00 and gave the stock a “buy” rating in a report on Wednesday, November 29th. B. Riley reissued a “neutral” rating and set a $17.00 target price (up previously from $16.00) on shares of Preferred Apartment Communities in a report on Thursday, November 2nd. Finally, ValuEngine raised Preferred Apartment Communities from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. Four investment 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. Preferred Apartment Communities presently has a consensus rating of “Buy” and a consensus target price of $20.33.

In related news, insider Michael Joseph Cronin sold 2,500 shares of the stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $21.25, for a total value of $53,125.00. Following the completion of the sale, the insider now owns 16,460 shares of the company’s stock, valued at $349,775. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Daniel M. Dupree sold 17,000 shares of the stock in a transaction that occurred on 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 sale, the insider now directly owns 99,564 shares of the company’s stock, valued at approximately $2,098,809.12. The disclosure for this sale can be found here. In the last ninety days, insiders purchased 1,850 shares of company stock valued at $39,349 and sold 21,500 shares valued at $452,685. 3.11% of the stock is currently owned by company insiders.

Shares of Preferred Apartment Communities Inc. (APTS) traded down $0.70 during trading on Friday, hitting $17.48. The company’s stock had a trading volume of 770,322 shares, compared to its average volume of 592,463. Preferred Apartment Communities Inc. has a fifty-two week low of $12.42 and a fifty-two week high of $22.71. The firm has a market capitalization of $571.05, a PE ratio of -17.48, a P/E/G ratio of 1.72 and a beta of 0.43. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.05.

Preferred Apartment Communities (NYSE:APTS) last announced its earnings results on Monday, October 30th. The real estate investment trust reported ($0.49) EPS 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 firm had revenue of $74.90 million for the quarter, compared to analyst estimates of $67.86 million. equities analysts forecast that Preferred Apartment Communities Inc. will post 1.45 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Friday, December 15th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 5.72%. The ex-dividend date is Thursday, December 14th. This is a boost from Preferred Apartment Communities’s previous quarterly dividend of $0.24. Preferred Apartment Communities’s dividend payout ratio (DPR) is currently -100.00%.

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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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