Economy

Analysts are on the Bearish side about Preferred Apartment Communities, Inc

Analysts are on the Bearish side about Preferred Apartment Communities, Inc

Preferred Apartment Communities (NYSE:APTS) last announced its quarterly earnings data on Monday, October 30th. Preferred Apt. Communities has $2000 highest and $12 lowest target.

Preferred Apartment Communities (NYSE:APTS) traded down $0.09 during mid-day trading on Friday, reaching $17.12. About 371,275 shares traded. Prudential Financial Inc. owned 0.75% of Mid-America Apartment Communities worth $90,998,000 as of its most recent filing with the Securities and Exchange Commission. (NYSE:MAA) has risen 0.92% since January 25, 2017 and is uptrending. It has underperformed by 1.04% the S&P500. The real estate investment trust reported ($0.49) earnings per share for the quarter, missing the consensus estimate of ($0.31) by ($0.18). MAA's profit would be $174.39M giving it 15.96 P/E if the $1.48 EPS is correct. After having $0.50 EPS previously, Masco Corporation's analysts see -14.00% EPS growth. The stock decreased 0.69% or $0.65 during the last trading session, reaching $93.96. It also upped Blackstone Group LP (NYSE:BX) stake by 14,815 shares and now owns 80,981 shares. (NYSE:MAA) has risen 0.92% since January 25, 2017 and is uptrending. It has underperformed by 0.05% the S&P500. Recently, investment analysts covering the stock have updated the mean rating to 2.36. MAA was included in 6 notes of analysts from August 19, 2016.

01/11/2017 Broker: FBR Capital Rating: Inc. Oppenheimer maintained the stock with "Outperform" rating in Tuesday, December 22 report. The stock has "Buy" rating by SunTrust on Monday, January 22. The firm has "Buy" rating by Cantor Fitzgerald given on Wednesday, July 26. The firm has "Hold" rating given on Sunday, September 24 by RBC Capital Markets. The forecast of 3 surveyed investment analysts covering the stock advises investors to Buy stake in the company. UBS downgraded the stock to "Neutral" rating in Friday, May 27 report. The company has market cap of $624.86 million. The Company's software solutions help organizations understand their clients and employees, and predict their intentions and needs to create customer experiences; understand their workforce to drive efficiency; and identify suspicious behavior to prevent financial crime, as well as non-compliant activities. It has a 43.72 P/E ratio. It operates in two divisions, Customer Engagement and Financial Crime & Compliance. ValuEngine downgraded Mid-America Apartment Communities from a "buy" rating to a "hold" rating in a research note on Thursday, September 28th. Therefore 38% are positive. Communities's analysts are positive. Nationwide Fund Advisors grew its stake in shares of Preferred Apartment Communities by 102.4% in the 3rd quarter. Canaccord Genuity initiated the stock with "Buy" rating in Thursday, July 23 report. (NYSE:APTS) on Wednesday, March 9 to "Neutral" rating. The stock has "Mkt Outperform" rating by JMP Securities on Thursday, October 20.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. The firm has "Buy" rating by Canaccord Genuity given on Thursday, August 10. As per Friday, December 2, the company rating was upgraded by Robert W. Baird.

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Investors sentiment decreased to 0.98 in 2017 Q3. The firm has a market capitalization of $631.47, a PE ratio of -16.95, a P/E/G ratio of 1.57 and a beta of 0.43. Finally, TIAA CREF Investment Management LLC increased its stake in Preferred Apartment Communities by 269.9% in the 2nd quarter. 35 funds opened positions while 138 raised stakes. Following the completion of the transaction, the insider now directly owns 99,564 shares in the company, valued at approximately $2,098,809.12. Btc Cap Management reported 0.83% stake. Oppenheimer Holdings Inc. reissued an "outperform" rating and issued a $115.00 price target on shares of Mid-America Apartment Communities in a report on Tuesday, August 16th. Barclays Capital initiated Mid-America Apartment Communities, Inc. (NYSE:MAA) for 10,200 shares. Public Employees Retirement System of OH acquired a new stake in Preferred Apartment Communities in the 3rd quarter worth approximately $2,022,000. Cubist Systematic Strategies Limited Liability Com invested 0.06% in Mid-America Apartment Communities, Inc. (NYSE:APTS) for 411,320 shares. Finally, Zacks Investment Research cut Preferred Apartment Communities from a "buy" rating to a "hold" rating in a research report on Friday, November 3rd. The company has a quick ratio of 0.07, a current ratio of 0.07 and a debt-to-equity ratio of 0.05. (NYSE:MAA). Moreover, Pictet Asset Mgmt Ltd has 0.02% invested in Mid-America Apartment Communities, Inc. (NYSE:APTS) or 240,812 shares. JPMorgan Chase & Co. now owns 1,158,689 shares of the real estate investment trust's stock valued at $21,841,000 after purchasing an additional 629,616 shares during the last quarter. Susquehanna Intl Group Limited Liability Partnership accumulated 0% or 5,629 shares. (NYSE:APTS) for 300,000 shares. Trust Of Vermont reported 0% in Mid-America Apartment Communities, Inc.

Since September 6, 2017, it had 0 buys, and 1 sale for $730,768 activity. CRONIN MICHAEL JOSEPH had sold 2,500 shares worth $53,125.

MAA, an S&P 500 company, is a real estate investment trust, or REIT, focused on delivering full-cycle and superior investment performance for shareholders through the ownership, management, acquisition, development and redevelopment of quality apartment communities throughout the United States. Symphony Asset Management Llc who had been investing in Mcdonalds Corp for a number of months, seems to be bullish on the $140.11B market cap company. The firm invests in the real estate markets of the United States. It now has negative earnings.


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