Preferred Apartment Communities Inc (APTS): Steve Bartkowski , director of Preferred Apartment Communities Inc sold 16,045 shares on Jun 20, 2016. The Insider selling transaction was reported by the company on Jun 22, 2016 to the Securities and Exchange Commission. The shares were sold at $14.13 per share for a total value of $226,715.84 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 13, 2016, John A Williams (CEO) purchased 1,500 shares at $13.78 per share price.On Nov 30, 2015, Steve Bartkowski (director) purchased 4,500 shares at $10.91 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.
Preferred Apartment Communities: On Monday, Jun 20, 2016 heightened volatility was witnessed in Preferred Apartment Communities which led to swings in the share price. The shares opened for trading at $13.98 and hit $14.2 on the upside , eventually ending the session at $14.04, with a gain of 0.65% or 0.09 points. The heightened volatility saw the trading volume jump to 2,25,017 shares. The 52-week high of the share price is $14.54 and the company has a market cap of $325 M . The 52-week low of the share price is at $8.69.
Company has been under the radar of several Street Analysts.Preferred Apartment Communities is Reiterated by Canaccord Genuity to Buy and the brokerage firm has raised the Price Target to $ 15 from a previous price target of $14 .The Rating was issued on May 16, 2016.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 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.