In a report issued on November 26, Michael R Lewis from SunTrust Robinson reiterated a Hold rating on Preferred Apartment Communities (APTS), with a price target of $16. The company’s shares opened today at $14.97, close to its 52-week low of $13.60.
According to TipRanks.com, Lewis is a 4-star analyst with an average return of 5.2% and a 65.9% success rate. Lewis covers the Financial sector, focusing on stocks such as Washington Real Estate Investment Trust, Apartment Investment & Management, and Easterly Government Properties.
Currently, the analyst consensus on Preferred Apartment Communities is a Moderate Buy with an average price target of $16, representing a 6.9% upside. In a report issued on November 14, B.Riley FBR also maintained a Hold rating on the stock with a $16 price target.
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The company has a one-year high of $21.88 and a one-year low of $13.60. Currently, Preferred Apartment Communities has an average volume of 248.5K.
Based on the recent corporate insider activity of 14 insiders, corporate insider sentiment is negative on the stock.
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Preferred Apartment Communities, Inc. engages in the acquisition and operation of multifamily properties in select targeted markets throughout the United States. It operates through the following segments: Multifamily Communities, Financing, New Market Properties, and Office Buildings.
