Steve Bartkowski Purchases 984 Shares of Preferred Apartment Communities, Inc. (NYSE:APTS) Stock

Preferred Apartment Communities, Inc. (NYSE:APTSGet Rating) Director Steve Bartkowski purchased 984 shares of the firm’s stock in a transaction dated Saturday, January 15th. The stock was bought at an average cost of $13.44 per share, with a total value of $13,224.96. Following the purchase, the director now owns 87,863 shares of the company’s stock, valued at approximately $1,180,878.72. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website.

Steve Bartkowski also recently made the following trade(s):

  • On Sunday, April 17th, Steve Bartkowski bought 674 shares of Preferred Apartment Communities stock. The shares were acquired at an average price of $13.74 per share, for a total transaction of $9,260.76.
  • On Friday, April 15th, Steve Bartkowski bought 1,847 shares of Preferred Apartment Communities stock. The shares were acquired at an average price of $7.30 per share, for a total transaction of $13,483.10.

Shares of APTS stock traded up $0.02 during trading hours on Wednesday, reaching $24.92. The company had a trading volume of 2,027,779 shares, compared to its average volume of 2,003,639. Preferred Apartment Communities, Inc. has a 12 month low of $9.13 and a 12 month high of $25.80. The business has a fifty day simple moving average of $24.90 and a 200-day simple moving average of $18.41. The company has a market cap of $1.39 billion, a price-to-earnings ratio of -9.58, a price-to-earnings-growth ratio of 3.39 and a beta of 1.00.

Preferred Apartment Communities (NYSE:APTSGet Rating) last posted its earnings results on Monday, February 28th. The real estate investment trust reported ($0.31) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.65) by $0.34. Preferred Apartment Communities had a return on equity of 1.70% and a net margin of 4.53%. During the same period last year, the firm earned $0.31 EPS. As a group, equities research analysts predict that Preferred Apartment Communities, Inc. will post 1.05 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, April 14th. Stockholders of record on Tuesday, March 15th were issued a $0.175 dividend. The ex-dividend date was Monday, March 14th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 2.81%. Preferred Apartment Communities’s dividend payout ratio is presently -26.92%.

APTS has been the topic of several research analyst reports. Truist Financial upped their target price on Preferred Apartment Communities from $17.00 to $25.00 and gave the company a “hold” rating in a research report on Wednesday, March 23rd. Jonestrading lowered Preferred Apartment Communities from a “buy” rating to a “hold” rating in a research report on Wednesday, March 2nd. Zacks Investment Research upgraded Preferred Apartment Communities from a “sell” rating to a “hold” rating and set a $28.00 price target on the stock in a report on Tuesday, March 22nd. Finally, StockNews.com started coverage on Preferred Apartment Communities in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Preferred Apartment Communities has a consensus rating of “Hold” and a consensus price target of $19.90.

Several hedge funds have recently bought and sold shares of the company. BlackRock Inc. lifted its holdings in shares of Preferred Apartment Communities by 2.8% in the fourth quarter. BlackRock Inc. now owns 3,815,978 shares of the real estate investment trust’s stock valued at $68,917,000 after purchasing an additional 105,085 shares in the last quarter. LSV Asset Management increased its position in shares of Preferred Apartment Communities by 5.4% during the third quarter. LSV Asset Management now owns 1,754,632 shares of the real estate investment trust’s stock valued at $21,459,000 after acquiring an additional 90,165 shares during the last quarter. State Street Corp increased its position in shares of Preferred Apartment Communities by 4.2% during the fourth quarter. State Street Corp now owns 1,181,831 shares of the real estate investment trust’s stock valued at $21,550,000 after acquiring an additional 47,309 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Preferred Apartment Communities by 11.5% during the third quarter. Geode Capital Management LLC now owns 1,150,163 shares of the real estate investment trust’s stock valued at $14,066,000 after acquiring an additional 118,983 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Preferred Apartment Communities by 3.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 973,313 shares of the real estate investment trust’s stock valued at $17,579,000 after acquiring an additional 28,789 shares during the last quarter. Institutional investors own 52.07% of the company’s stock.

About Preferred Apartment Communities (Get Rating)

Preferred Apartment Communities, Inc (NYSE: APTS) is a real estate investment trust engaged primarily in the ownership and operation of Class A multifamily properties, with select investments in grocery anchored shopping centers, Class A office buildings, and student housing properties. Preferred Apartment Communities' investment objective is to generate attractive, stable returns for stockholders by investing in income-producing properties and acquiring or originating real estate loans for multifamily properties.

See Also

Insider Buying and Selling by Quarter for Preferred Apartment Communities (NYSE:APTS)

Receive News & Ratings for Preferred Apartment Communities Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Preferred Apartment Communities and related companies with MarketBeat.com's FREE daily email newsletter.