Preferred Apartment Communities Inc (APTS): John A Williams , CEO of Preferred Apartment Communities Inc purchased 1,500 shares on May 12, 2016. The Insider buying transaction was reported by the company on May 13, 2016 to the Securities and Exchange Commission. The shares were purchased at $13.78 per share for a total value of $20,656.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Nov 30, 2015, Steve Bartkowski (director) purchased 4,500 shares at $10.91 per share price.On Sep 4, 2015, John A Williams (CEO) purchased 2,400 shares at $10.31 per share price.Also, On Sep 3, 2015, Leonard A Silverstein (director officer ) purchased 1,000 shares at $10.30 per share price.On Sep 3, 2015, Daniel M Dupree (Chief Investment Officer) purchased 1,000 shares at $10.30 per share price.
Shares of Preferred Apartment Communities (APTS) ended Tuesday, May 10, 2016 session in red amid volatile trading. The shares closed down -0.11 points or -0.79% at $13.78 with 1,87,463 shares getting traded. Post opening the session at $14, the shares hit an intraday low of $13.73 and an intraday high of $14.19 and the price vacillated in this range throughout the day. The company has a market cap of $319 M and the number of outstanding shares has been calculated to be 2,31,83,396 shares. The 52-week high of Preferred Apartment Communities is $14.19 and the 52-week low is $8.69.
Company has been under the radar of several Street Analysts.Preferred Apartment Communities is Reiterated by FBR Capital to Outperform and the brokerage firm has raised the Price Target to $ 16 from a previous price target of $13.50 .The Rating was issued on May 10, 2016.Preferred Apartment Communities is Upgraded by Compass Point to Buy and the brokerage firm has raised the Price Target to $ 14 from a previous price target of $12 .Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on May 4, 2016.Preferred Apartment Communities is Downgraded by Compass Point to Neutral while Lowering the Price Target of the company shares to $ 12 from a previous price target of $12.50 . Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Mar 9, 2016.Preferred Apartment Communities is Reiterated by Wunderlich to Buy and the brokerage firm has raised the Price Target to $ 13 from a previous price target of $12 .The Rating was issued on Mar 9, 2016.
Preferred Apartment Communities Inc. is formed primarily to acquire and operate multifamily properties in select targeted markets throughout the United States. The Company has three operational segments: multifamily communities retail and real estate related financing. Multifamily Communities segment consists of approximately 10 owned residential multifamily communities. Retail segment consists of approximately 10 owned grocery-anchored necessity retail shopping centers. Financing segment consists of its portfolio of mezzanine loans bridge loans and other financial instruments which partially finance the development construction and prestabilization carrying costs of new multifamily communities and other real estate and real estate related assets.