A Reversal for Preferred Apartment Communities, Inc. (APTS) Is Near. The Formed Bullish Wedge Up

December 7, 2017 - By Adrian Mccoy

Investors sentiment increased to 2.59 in 2017 Q2. Its up 0.85, from 1.74 in 2017Q1. It increased, as 15 investors sold Preferred Apartment Communities, Inc. shares while 17 reduced holdings. 33 funds opened positions while 50 raised stakes. 15.13 million shares or 40.59% more from 10.76 million shares in 2017Q1 were reported.
Da Davidson And stated it has 0% of its portfolio in Preferred Apartment Communities, Inc. (NYSE:APTS). State Of New Jersey Common Pension Fund D has invested 0.02% in Preferred Apartment Communities, Inc. (NYSE:APTS). 2,240 are owned by Ameritas. Icm Asset Mngmt Wa holds 2% or 101,140 shares in its portfolio. Wellington Management Grp Limited Liability Partnership accumulated 0% or 579,356 shares. 35,465 are held by Cornercap Invest Counsel. 500 were accumulated by Thompson Davis. Koshinski Asset Mgmt Inc invested in 34,280 shares or 0% of the stock. Wells Fargo & Mn invested in 0% or 196,088 shares. Moreover, National Asset Management Inc has 0.17% invested in Preferred Apartment Communities, Inc. (NYSE:APTS). Martingale Asset Management Lp accumulated 129,422 shares or 0.03% of the stock. United Kingdom-based Barclays Public Limited Liability has invested 0% in Preferred Apartment Communities, Inc. (NYSE:APTS). California Employees Retirement Sys holds 0% in Preferred Apartment Communities, Inc. (NYSE:APTS) or 57,700 shares. Secor Cap Lp has 43,826 shares. Aperio Ltd holds 0% of its portfolio in Preferred Apartment Communities, Inc. (NYSE:APTS) for 44,170 shares.

The stock of Preferred Apartment Communities, Inc. (APTS) formed an up wedge with $22.26 target or 6.00 % above today’s $21.00 share price. The 6 months wedge indicates low risk for the $766.48M company. If the $22.26 price target is reached, the company will be worth $45.99M more.
Rising wedges, especially for downward breakouts are tricky moments to trade. Investors must be aware that the break even failure rate for up or down breakouts is: 8% and 24%. The average rise is 28% and the decline is 14%. Wedges has high throwback and pullback rate: 73%, 63% and the percent of wedges meeting target is not more than 50%.

The stock decreased 0.33% or $0.07 during the last trading session, reaching $21. About 415,291 shares traded. Preferred Apartment Communities, Inc. (NYSE:APTS) has risen 15.66% since December 8, 2016 and is uptrending. It has underperformed by 1.04% the S&P500.

Analysts await Preferred Apartment Communities, Inc. (NYSE:APTS) to report earnings on February, 26. They expect $0.34 earnings per share, up 6.25 % or $0.02 from last year’s $0.32 per share. APTS’s profit will be $12.41 million for 15.44 P/E if the $0.34 EPS becomes a reality. After $0.38 actual earnings per share reported by Preferred Apartment Communities, Inc. for the previous quarter, Wall Street now forecasts -10.53 % negative EPS growth.

Preferred Apartment Communities, Inc. (NYSE:APTS) Ratings Coverage

Among 5 analysts covering Preferred Apt. Communities (NYSE:APTS), 5 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Preferred Apt. Communities had 18 analyst reports since July 23, 2015 according to SRatingsIntel. The stock of Preferred Apartment Communities, Inc. (NYSE:APTS) earned “Buy” rating by Wunderlich on Wednesday, November 2. The rating was initiated by FBR Capital with “Outperform” on Tuesday, September 1. DA Davidson initiated the stock with “Buy” rating in Friday, September 18 report. The rating was maintained by Compass Point on Thursday, November 5 with “Buy”. Canaccord Genuity maintained Preferred Apartment Communities, Inc. (NYSE:APTS) on Monday, July 31 with “Buy” rating. The rating was maintained by FBR Capital on Tuesday, May 30 with “Hold”. As per Wednesday, May 4, the company rating was upgraded by Compass Point. Compass Point downgraded Preferred Apartment Communities, Inc. (NYSE:APTS) on Wednesday, March 9 to “Neutral” rating. The rating was maintained by Wunderlich on Wednesday, March 9 with “Buy”. The firm has “Buy” rating by Canaccord Genuity given on Thursday, July 23.

More notable recent Preferred Apartment Communities, Inc. (NYSE:APTS) news were published by: Reuters.com which released: “BRIEF-Preferred Apartment Communities To Acquire Grocery-Anchored Shopping …” on December 05, 2017, also Prnewswire.com with their article: “Preferred Apartment Communities, Inc. Announces Acquisition of a 280-Unit …” published on July 26, 2017, Nasdaq.com published: “Preferred Apartment Communities, Inc. (APTS) Ex-Dividend Date Scheduled for …” on June 12, 2017. More interesting news about Preferred Apartment Communities, Inc. (NYSE:APTS) were released by: Nasdaq.com and their article: “Preferred Apartment Communities, Inc. (APTS) Ex-Dividend Date Scheduled for …” published on September 13, 2017 as well as Prnewswire.com‘s news article titled: “Preferred Apartment Communities, Inc. Announces Third Quarter 2017 Earnings …” with publication date: October 05, 2017.

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