Position of Preferred Apartment Communities Inc. (APTS) demarcated by the California Public Service Employee Retirement System

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Preferred Apartment Communities logo «title =" Preferred Apartment Communities logo «clbad =" companylogo "/> California Public Employees Retirement System has reduced its position in the shares of Preferred Apartment Communities Inc. (NYSE: APTS) by 12.8 The fund held 87,927 shares of the real estate investment trust, having sold 12,912 shares during the reporting period, while the California Public Service Employee Retirement Fund held 0.22%. % of Preferred Apartment Communities. The New York Mutual Fund increased by $ 1,248,000 as of the date of its last filing with the Securities and Exchange Commission. </p> <p> A number of other institutional investors and hedge funds have recently changed their holdings of stocks. Community apartments are up 14.6% in the first quarter, while the New York State Joint Retirement Fund holds 38.40 0 shares of the real estate investment trust shares valued at 545,000 $ after the purchase of 4,900 additional shares during the last quarter. LaSalle Street Capital Management LLC increased its holdings of Preferred Apartment Communities shares by 85.9% in the first quarter. LaSalle Street Capital Management LLC now holds 48,512 shares of the real estate investment trust valued at $ 688,000 after purchasing 22,412 additional shares during the last quarter. Stratos Wealth Partners LTD. increased its holdings in Preferred Apartment Communities shares by 135.8% in the first quarter. Stratos Wealth Partners LTD. now owns 14,089 shares of the real estate investment trust valued at $ 200,000 after purchasing 8,113 additional shares during the last quarter. Schnieders Capital Management LLC increased its holdings of Preferred Apartment Communities by 15.6% in the first quarter. Schnieders Capital Management LLC now holds 250,925 shares of the real estate investment trust valued at $ 3,561,000 after purchasing 33,775 additional shares in the last quarter. Lastly, BlackRock Inc. increased its holdings of Preferred Apartment Communities stock by 13.3% in the first quarter. BlackRock Inc. now holds 3,177,501 shares of the real estate investment trust valued at $ 45,088,000 after purchasing 372,182 additional shares in the last quarter. Institutional investors and hedge funds own 57.39% of the shares of the company. </p> <p> The APTS has been the subject of several research reports. Zacks Investment Research downgraded Preferred Apartment Communities shares from a "hold" rating to a "sell" rating in a report on Tuesday, March 27. SunTrust Banks set a target price of $ 16.00 on Preferred Apartment Communities shares and awarded the company a "hold" rating in a report on Monday, April 9th. B. Riley set a target price of $ 16.00 on Preferred Apartment Communities shares and awarded the company a "hold" rating in a research report on Tuesday, April 17th. Finally, ValuEngine has reduced Preferred Apartment Communities shares from a "buy" rating to a "hold" rating in a research report on Wednesday, May 2nd. An badyst rated the stock with a sales note, three issued a reserve note, three gave a purchase note and one issued a strong buy note to the stock of the company . Preferred Apartment Communities has a consensus rating of "Buy" and an average target price of $ 18.83. </p> <p> Shares of Preferred Apartment Communities open at $ 17.60 on Friday, reports MarketBeat.com. Preferred Apartment Communities Inc. reached its lowest level in 52 weeks at $ 13.60 and a high of $ 22.71 in 52 weeks. The company has a debt ratio of 0.02, a ratio of 0.06 and a ratio of 0.06. The stock has a market capitalization of $ 701.64 million, a venture capital ratio of 11.97, a price / earnings ratio of 1.74 and a beta of 0.34. </p> <p> Preferred Apartment Communities (NYSE: APTS) released its financial results for the last time on Monday, April 30th. The real estate investment trust reported earnings per share of $ 0.14 for the quarter, exceeding consensus badyst estimates by $ 0.38 ($ 0.52). The company achieved a turnover of $ 90.40 million during the quarter, compared to $ 88.96 million for badysts. Preferred Apartment Communities has a net margin of 3.93% and a return on equity of 1.02%. The business turnover for the quarter is up 35.7% over the same quarter last year. Analysts expect Preferred Apartment Communities Inc. to post 1.47 earnings per share for the current year. </p> <p> The company also recently announced a quarterly dividend, which will be paid on Monday, July 16th. Shareholders of record on Friday, June 15 will receive a dividend of $ 0.255. The ex-dividend date of this dividend is Thursday, June 14. This represents a dividend of $ 1.02 on an annualized basis and a dividend yield of 5.80%. This is a boost from the previous quarterly dividend of Preferred Apartment Communities of $ 0.25. The dividend distribution rate of Preferred Apartment Communities is 69.39%. </p> <p> <strong> Preferred Apartment Communities Company Profile </strong> </p> <p> Preferred Apartment Communities, Inc. (NYSE: APTS), or the Corporation, is a Maryland corporation formed primarily to acquire and operate properties multifamily in selected markets across the United States. As part of our business strategy, we can enter into forward purchase contracts or purchase options for multi-family communities to build and we can make loans related to real estate, offer filing terms or provide performance guarantees, as required. the link with the development of multifamily communities and other properties. <!--ViewCount:ArticleHistoryID=21341134&PostDate=2018-7-14&type=f&id=3556804--></p> <p style= Quarterly Institutional Property for Favorite Apartment Communities (NYSE: APTS) "title =" Quarterly Institutional Property for Preferred Apartment Communities (NYSE: APTS) "/> </p> <p> <!-- end inline unit --></p> <p> <!-- end main text --></p> <p> <!-- Invalidate Article --></p> <p> <!-- End Invalidate --></p> <p><!--Begin Footer Opt-In--></p> <p style= News and Assessments for Preferred Apartment Communities Daily – Enter your email address below to receive a daily concise summary of the latest news and badyst ratings for Preferred Apartment Communities and related companies with the free MarketBeat Daily newsletter .com [19659011] [ad_2]
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