For Preferred Apartment Communities Inc. [APTS], Analyst sees a rise to $11.50. What next?


Preferred Apartment Communities Inc. [NYSE: APTS] plunged by -$0.11 during the normal trading session on Tuesday and reaching a high of $24.91 during the day while it closed the day at $24.84. The company report on June 7, 2022 that Preferred Apartment Communities, Inc. Announces Adjournment of Special Meeting of Stockholders Until June 17, 2022.

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Preferred Apartment Communities, Inc. (NYSE: APTS) (“PAC” or the “Company”) announced that it adjourned today’s Special Meeting of Stockholders (the “Special Meeting”) until June 17, 2022.

The Company today convened and then adjourned the Special Meeting to consider and vote on, among other things, a proposal to approve the all-cash acquisition of the Company by Blackstone Real Estate Income Trust, Inc. (the “Merger Proposal”) pursuant to the terms of the Agreement and Plan of Merger, dated as of February 16, 2022.

Preferred Apartment Communities Inc. stock has also loss -0.40% of its value over the past 7 days. However, APTS stock has declined by -1.62% in the 3 months of the year. Over the past six months meanwhile, it has gained 83.19% and gained 37.54% year-on date.

The market cap for APTS stock reached $1.60 billion, with 56.26 million shares outstanding and 53.50 million shares in the current float. Compared to the average trading volume of 2.00M shares, APTS reached a trading volume of 7894292 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Preferred Apartment Communities Inc. [APTS]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for APTS shares is $20.80 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on APTS stock is a recommendation set at 2.40. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

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 0.06, with the Price to Sales ratio for APTS stock in the period of the last 12 months amounting to 3.64. The Price to Book ratio for the last quarter was 1.21, with the Price to Cash per share for the same quarter was set at 1.82. Price to Free Cash Flow for APTS in the course of the last twelve months was 15.27.

APTS stock trade performance evaluation

Preferred Apartment Communities Inc. [APTS] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.40. With this latest performance, APTS shares dropped by -0.04% in over the last four-week period, additionally plugging by 83.19% over the last 6 months – not to mention a rise of 133.24% 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 42.68, with the RSI for the last a single of trading hit 31.97, and the three-weeks RSI is set at 53.52 for Preferred Apartment Communities Inc. [APTS]. The present Moving Average for the last 50 days of trading for this stock 24.90, while it was recorded at 24.94 for the last single week of trading, and 18.53 for the last 200 days.

Preferred Apartment Communities Inc. [APTS]: An insightful look at the core 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.

Earnings per share (EPS) analysis for Preferred Apartment Communities Inc. [APTS] stock

The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for APTS. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Preferred Apartment Communities Inc. go to 7.00%.

Preferred Apartment Communities Inc. [APTS]: Insider Ownership positions

There are presently around $1,227 million, or 72.90% of APTS stock, in the hands of institutional investors. The top three institutional holders of APTS stocks are: VANGUARD GROUP INC with ownership of 5,429,417, which is approximately 1.96% of the company’s market cap and around 1.60% of the total institutional ownership; BLACKROCK INC., holding 3,741,105 shares of the stock with an approximate value of $93.34 million in APTS stocks shares; and STARWOOD CAPITAL GROUP MANAGEMENT, L.L.C., currently with $59.38 million in APTS stock with ownership of nearly New of the company’s market capitalization.

132 institutional holders increased their position in Preferred Apartment Communities Inc. [NYSE:APTS] by around 29,024,231 shares. Additionally, 111 investors decreased positions by around 9,021,837 shares, while 23 investors held positions by with 11,122,463 shares. The mentioned changes placed institutional holdings at 49,168,531 shares, according to the latest SEC report filing. APTS stock had 83 new institutional investments in for a total of 19,591,173 shares, while 49 institutional investors sold positions of 5,985,743 shares during the same period.