Preferred Apartment Communities Inc. [APTS] Stock trading around $24.92 per share: What’s Next?


Preferred Apartment Communities Inc. [NYSE: APTS] price surged by 0.08 percent to reach at $0.02. The company report on March 21, 2022 that Preferred Apartment Communities, Inc. Announces Expiration of “Go-Shop” Period Contained in Previously Announced Merger Agreement.

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Preferred Apartment Communities, Inc. (NYSE: APTS) (“PAC” or the “Company”) announced today the expiration of the 30-day “go-shop” period set forth in the previously announced definitive merger agreement with Blackstone Real Estate Income Trust, Inc. (“BREIT”), dated as of February 16, 2022 (the “merger agreement”). Under the terms of the merger agreement, BREIT has agreed to acquire all the outstanding shares of the Company’s common stock for $25.00 per share in an all-cash transaction valued at approximately $5.8 billion. The “go-shop” period expired at 11:59 p.m. Eastern Time on March 18, 2022.

During the “go-shop” period, at the direction of PAC’s board of directors (the “Board”), representatives of Goldman Sachs & Co. LLC, financial advisor to PAC, broadly solicited various strategic parties and financial sponsors to determine their interest in making an alternative acquisition proposal, and ultimately contacted, or was contacted by, 25 of such parties and sponsors. At the conclusion of the go-shop period, the Board did not determine any strategic parties or financial sponsors constitute Excluded Parties (as defined in the merger agreement).

A sum of 3003096 shares traded at recent session while its average daily volume was at 2.23M shares. Preferred Apartment Communities Inc. shares reached a high of $24.94 and dropped to a low of $24.89 until finishing in the latest session at $24.92.

The one-year APTS stock forecast points to a potential downside of -19.81.

Guru’s Opinion on Preferred Apartment Communities Inc. [APTS]:

Colliers Securities have made an estimate for Preferred Apartment Communities Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on July 09, 2021. The new note on the price target was released on February 26, 2020, representing the official price target for Preferred Apartment Communities Inc. stock. Previously, the target price had yet another raise to $18, while National Securities analysts kept a Buy rating on APTS stock.

The Average True Range (ATR) for Preferred Apartment Communities Inc. is set at 0.08, with the Price to Sales ratio for APTS stock in the period of the last 12 months amounting to 3.08. The Price to Book ratio for the last quarter was 1.29, with the Price to Cash per share for the same quarter was set at 0.54. Price to Free Cash Flow for APTS in the course of the last twelve months was 12.03.

APTS Stock Performance Analysis:

Preferred Apartment Communities Inc. [APTS] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.12. With this latest performance, APTS shares gained by 0.69% in over the last four-week period, additionally plugging by 102.27% over the last 6 months – not to mention a rise of 138.93% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for APTS stock in for the last two-week period is set at 61.96, with the RSI for the last a single of trading hit 55.18, and the three-weeks RSI is set at 65.96 for Preferred Apartment Communities Inc. [APTS]. The present Moving Average for the last 50 days of trading for this stock 24.61, while it was recorded at 24.90 for the last single week of trading, and 16.20 for the last 200 days.

Insight into Preferred Apartment Communities Inc. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Preferred Apartment Communities Inc. [APTS] shares currently have an operating margin of +25.27 and a Gross Margin at +32.62. Preferred Apartment Communities Inc.’s Net Margin is presently recorded at +3.05.

Return on Equity for this stock inclined to 1.15, with Return on Assets sitting at 0.36.

Preferred Apartment Communities Inc. [APTS] Insider Position Details

There are presently around $722 million, or 53.40% of APTS stock, in the hands of institutional investors. The top three institutional holders of APTS stocks are: VANGUARD GROUP INC with ownership of 5,325,041, which is approximately 5.93% of the company’s market cap and around 1.70% of the total institutional ownership; BLACKROCK INC., holding 3,815,978 shares of the stock with an approximate value of $95.02 million in APTS stocks shares; and LSV ASSET MANAGEMENT, currently with $43.73 million in APTS stock with ownership of nearly 0.078% of the company’s market capitalization.

Positions in Preferred Apartment Communities Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 99 institutional holders increased their position in Preferred Apartment Communities Inc. [NYSE:APTS] by around 4,351,699 shares. Additionally, 80 investors decreased positions by around 2,949,942 shares, while 27 investors held positions by with 21,708,098 shares. The mentioned changes placed institutional holdings at 29,009,739 shares, according to the latest SEC report filing. APTS stock had 34 new institutional investments in for a total of 2,494,138 shares, while 26 institutional investors sold positions of 1,001,912 shares during the same period.