Pensionfund DSM Netherlands Raises Holdings in Preferred Apartment Communities, Inc. (NYSE:APTS)


Share on StockTwits

Pensionfund DSM Netherlands grew its position in shares of Preferred Apartment Communities, Inc. (NYSE:APTS) by 9.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 131,437 shares of the real estate investment trust’s stock after purchasing an additional 11,437 shares during the period. Pensionfund DSM Netherlands’ holdings in Preferred Apartment Communities were worth $1,295,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. JPMorgan Chase & Co. grew its position in Preferred Apartment Communities by 25.6% in the third quarter. JPMorgan Chase & Co. now owns 163,839 shares of the real estate investment trust’s stock worth $889,000 after acquiring an additional 33,389 shares in the last quarter. Rhumbline Advisers grew its position in Preferred Apartment Communities by 12.9% in the fourth quarter. Rhumbline Advisers now owns 89,383 shares of the real estate investment trust’s stock worth $661,000 after acquiring an additional 10,245 shares in the last quarter. Concorde Asset Management LLC grew its position in Preferred Apartment Communities by 3,111.8% in the fourth quarter. Concorde Asset Management LLC now owns 382,722 shares of the real estate investment trust’s stock worth $2,832,000 after acquiring an additional 370,806 shares in the last quarter. Citigroup Inc. grew its position in Preferred Apartment Communities by 169.6% in the fourth quarter. Citigroup Inc. now owns 11,491 shares of the real estate investment trust’s stock worth $85,000 after acquiring an additional 7,228 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Preferred Apartment Communities by 9.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 700,435 shares of the real estate investment trust’s stock worth $3,783,000 after acquiring an additional 62,255 shares in the last quarter. Hedge funds and other institutional investors own 54.06% of the company’s stock.

Shares of NYSE:APTS opened at $10.33 on Thursday. Preferred Apartment Communities, Inc. has a 1 year low of $5.01 and a 1 year high of $10.97. The business has a 50 day simple moving average of $9.47 and a two-hundred day simple moving average of $7.60. The firm has a market capitalization of $516.44 million, a PE ratio of -1.48 and a beta of 1.08. The company has a debt-to-equity ratio of 0.02, a current ratio of 0.04 and a quick ratio of 0.04.

Preferred Apartment Communities (NYSE:APTS) last announced its earnings results on Sunday, February 28th. The real estate investment trust reported ($0.77) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $3.82 by ($4.59). Preferred Apartment Communities had a negative net margin of 38.91% and a negative return on equity of 11.10%. Equities research analysts expect that Preferred Apartment Communities, Inc. will post 1.01 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, April 15th. Stockholders of record on Monday, March 15th will be paid a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a dividend yield of 6.78%. The ex-dividend date of this dividend is Friday, March 12th. Preferred Apartment Communities’s dividend payout ratio is presently 51.09%.

Several research firms recently commented on APTS. Jonestrading began coverage on Preferred Apartment Communities in a research report on Tuesday, January 12th. They issued a “buy” rating and a $11.00 price target for the company. Zacks Investment Research upgraded Preferred Apartment Communities from a “sell” rating to a “hold” rating in a research report on Wednesday, March 3rd.

Preferred Apartment Communities Company Profile

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.

Featured Story: What is diluted earnings per share (Diluted EPS)?

Want to see what other hedge funds are holding APTS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Preferred Apartment Communities, Inc. (NYSE:APTS).

Institutional Ownership by Quarter for Preferred Apartment Communities (NYSE:APTS)

Receive News & Ratings for Preferred Apartment Communities Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Preferred Apartment Communities and related companies with MarketBeat.com's FREE daily email newsletter.