Short Interest Summary: Preferred Apartment Communities (NYSE:APTS) Shorts Decreased by 0.67% After Short Covering

November 24, 2016 - By Peter Erickson   ·   0 Comments

Short Interest Summary: Preferred Apartment Communities (NYSE:APTS) Shorts Decreased by 0.67% After Short Covering

The stock of Preferred Apartment Communities (NYSE:APTS) registered a decrease of 0.67% in short interest. APTS’s total short interest was 903,500 shares in November as published by FINRA. Its down 0.67% from 909,600 shares, reported previously. With 114,700 shares average volume, it will take short sellers 8 days to cover their APTS’s short positions. The stock decreased 0.07% or $0.01 on November 23, hitting $13.69. About 100,583 shares traded hands. Preferred Apartment Communities Inc. (NYSE:APTS) has risen 11.12% since April 22, 2016 and is uptrending. It has outperformed by 5.71% the S&P500.

Preferred Apartment Communities, Inc. is a real estate investment trust . The company has a market cap of $338.85 million. The Firm is formed primarily to acquire and operate multifamily properties in select-targeted markets throughout the United States. It currently has negative earnings. It operates through three divisions: multifamily communities, retail and real estate related financing.

Insitutional Activity: The institutional sentiment increased to 2.23 in Q2 2016. Its up 0.07, from 2.16 in 2016Q1. The ratio is positive, as 4 funds sold all Preferred Apartment Communities Inc. shares owned while 21 reduced positions. 13 funds bought stakes while 41 increased positions. They now own 8.17 million shares or 6.55% more from 7.67 million shares in 2016Q1.
Strs Ohio holds 0% of its portfolio in Preferred Apartment Communities Inc. (NYSE:APTS) for 40,963 shares. Bard accumulated 1.2% or 154,045 shares. Blackrock Ltd Liability Corp accumulated 0% or 95,191 shares. Nationwide Fund Advsr has 37,868 shares for 0% of their US portfolio. Legal And General Grp Incorporated Pcl owns 4,462 shares or 0% of their US portfolio. Cornerstone Mngmt Lc has 0% invested in the company for 10,451 shares. Moreover, Icm Asset Wa has 2.31% invested in Preferred Apartment Communities Inc. (NYSE:APTS) for 107,650 shares. Gsa Ptnrs Llp has 0.02% invested in the company for 19,100 shares. Da Davidson & Com last reported 3,000 shares in the company. Menta Cap Ltd last reported 181,315 shares in the company. Blackrock Institutional Tru Na has invested 0% of its portfolio in Preferred Apartment Communities Inc. (NYSE:APTS). Nomura Asset Management Limited last reported 13,700 shares in the company. State Of New Jersey Common Pension Fund D accumulated 320,000 shares or 0.02% of the stock. State Street Corp last reported 0% of its portfolio in the stock. Jpmorgan Chase And reported 123 shares or 0% of all its holdings.

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

Out of 6 analysts covering Preferred Apt. Communities (NYSE:APTS), 6 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Preferred Apt. Communities has been the topic of 12 analyst reports since July 23, 2015 according to StockzIntelligence Inc. Wunderlich maintained the shares of APTS in a report on Thursday, August 6 with “Buy” rating. Wunderlich maintained the stock with “Buy” rating in Wednesday, November 2 report. The stock of Preferred Apartment Communities Inc. (NYSE:APTS) has “Buy” rating given on Wednesday, May 4 by Compass Point. The stock has “Outperform” rating given by FBR Capital on Tuesday, May 10. Canaccord Genuity maintained it with “Buy” rating and $15 target price in Monday, May 16 report. The firm has “Neutral” rating given on Wednesday, March 9 by Compass Point. The firm earned “Buy” rating on Thursday, November 5 by Compass Point. JMP Securities initiated it with “Market Outperform” rating and $13 target price in Tuesday, September 15 report. On Wednesday, March 9 the stock rating was maintained by Wunderlich with “Buy”. DA Davidson initiated Preferred Apartment Communities Inc. (NYSE:APTS) on Friday, September 18 with “Buy” rating.

APTS Company Profile

Preferred Apartment Communities, Inc., incorporated on September 18, 2009, is a real estate investment trust (REIT). The Firm is formed primarily to acquire and operate multifamily properties in select-targeted markets throughout the United States. The Firm operates through three divisions: multifamily communities, retail and real estate related financing. It focuses on entering into forward purchase contracts or purchase options for to-be-built multifamily communities; making real estate related loans; providing deposit arrangements or providing performance assurances, in connection with the construction of multifamily communities and other properties. It also focuses on acquiring or originating 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.

More notable recent Preferred Apartment Communities Inc. (NYSE:APTS) news were published by: Prnewswire.com which released: “Preferred Apartment Communities, Inc. Increases Quarterly Common Stock Dividend” on November 03, 2016, also Prnewswire.com with their article: “Preferred Apartment Communities, Inc. Announces Acquisition of Future Mixed …” published on November 04, 2016, Prnewswire.com published: “Preferred Apartment Communities, Inc. Announces Acquisition of a 9-Story Class …” on August 30, 2016. More interesting news about Preferred Apartment Communities Inc. (NYSE:APTS) were released by: Prnewswire.com and their article: “Preferred Apartment Communities, Inc. Announces Investment in Tampa, Florida …” published on November 17, 2016 as well as Prnewswire.com‘s news article titled: “Preferred Apartment Communities, Inc. Announces a Joint Venture Investment in …” with publication date: July 05, 2016.

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By Peter Erickson


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