Insider Buying: Preferred Apartment Communities, Inc. (NYSE:APTS) Director Purchases $52,550.00 in Stock

Preferred Apartment Communities, Inc. (NYSE:APTS) Director Sara Finley bought 5,000 shares of Preferred Apartment Communities stock in a transaction dated Monday, June 7th. The shares were bought at an average cost of $10.51 per share, with a total value of $52,550.00. Following the completion of the acquisition, the director now owns 32,594 shares of the company’s stock, valued at $342,562.94. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website.

Shares of NYSE APTS opened at $11.13 on Friday. The stock has a market capitalization of $557.56 million, a P/E ratio of -3.32 and a beta of 1.13. Preferred Apartment Communities, Inc. has a 12 month low of $5.01 and a 12 month high of $11.14. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.04 and a current ratio of 0.04. The company’s fifty day moving average is $10.09.

Preferred Apartment Communities (NYSE:APTS) last posted its quarterly earnings results on Sunday, May 9th. The real estate investment trust reported ($0.73) earnings per share for the quarter, missing the consensus estimate of $0.24 by ($0.97). Preferred Apartment Communities had a negative net margin of 0.83% and a negative return on equity of 0.26%. Research analysts anticipate that Preferred Apartment Communities, Inc. will post 0.85 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 15th. Investors of record on Tuesday, June 15th will be given a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a yield of 6.29%. The ex-dividend date of this dividend is Monday, June 14th. Preferred Apartment Communities’s payout ratio is 65.42%.

Large investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP raised its position in Preferred Apartment Communities by 12.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 444,269 shares of the real estate investment trust’s stock valued at $3,288,000 after buying an additional 49,847 shares during the period. Stockman Wealth Management Inc. raised its position in Preferred Apartment Communities by 54.1% during the first quarter. Stockman Wealth Management Inc. now owns 70,835 shares of the real estate investment trust’s stock valued at $698,000 after buying an additional 24,865 shares during the period. Rhumbline Advisers raised its position in Preferred Apartment Communities by 12.9% during the fourth quarter. Rhumbline Advisers now owns 89,383 shares of the real estate investment trust’s stock valued at $661,000 after buying an additional 10,245 shares during the period. Citigroup Inc. raised its position in Preferred Apartment Communities by 169.6% during the fourth quarter. Citigroup Inc. now owns 11,491 shares of the real estate investment trust’s stock valued at $85,000 after buying an additional 7,228 shares during the period. Finally, Jane Street Group LLC increased its position in Preferred Apartment Communities by 80.1% in the 4th quarter. Jane Street Group LLC now owns 18,186 shares of the real estate investment trust’s stock worth $135,000 after purchasing an additional 8,091 shares during the last quarter. 51.13% of the stock is currently owned by hedge funds and other institutional investors.

Separately, Zacks Investment Research downgraded Preferred Apartment Communities from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 4th.

About Preferred Apartment Communities

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.

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