Sunday, June 26, 2022

Insider Buying: BARTKOWSKI STEVE, Preferred Apartment Communities Inc. [APTS] Director invested 428 shares

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Preferred Apartment Communities Inc. shares valued at $10,647 were purchased by BARTKOWSKI STEVE on Apr 14. At $24.90 per share, BARTKOWSKI STEVE acquired 428 shares. The insider’s holdings grew to 97,777 shares worth approximately $2.44 million following the completion of this transaction.


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Also, BARTKOWSKI STEVE purchased 594 shares, netting a total of over 10,542 in proceeds. Following the buying of shares at $17.76 each, the insider now holds 97,350 shares.

Before that, Cannon John M had added 705 shares to its account. In a trade valued at $9,990, the Director bought Preferred Apartment Communities Inc. shares for $14.17 each. Upon closing the transaction, the insider’s holdings increased to 705 shares, worth approximately $0.77 million.

As published in their initiating research note from Colliers Securities on July 09, 2021, Preferred Apartment Communities Inc. [APTS] has been a Buy and the price target has been revised to $11.50. This represents a -117.39% premium over Thursday’s closing price. Analysts at National Securities downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in late February. As of September 16, 2019, National Securities has initiated its “Buy” rating for APTS. Earlier on July 30, 2019, DA Davidson downgraded its rating. Their new recommendation was “a Neutral” for APTS stock which previously was a “a Buy”.

Analyzing APTS’s Price Performance

On Thursday, Preferred Apartment Communities Inc. [NYSE: APTS] rose 0.08% to $25.00. The stock’s lowest price that day was $24.98, but it reached a high of $25.00 in the same session. During the last five days, there has been a surge of approximately 0.40%. Over the course of the year, Preferred Apartment Communities Inc. shares have jumped approximately 38.43%. Shares of the company reached a 52-week high of $25.80 on 02/17/22 and a 52-week low of $15.77 on 01/28/22. A 50-day SMA is recorded $24.91, while a 200-day SMA reached $19.22. Nevertheless, trading volume fell to 1.62 million shares from 1.56 million shares the previous day.

Support And Resistance Levels for Preferred Apartment Communities Inc. (APTS)

According to the 24-hour chart, there is a support level at 24.99, which, if violated, would cause prices to drop to 24.97. In the upper region, resistance lies at 25.01. The next price resistance is at 25.01. RSI (Relative Strength Index) is 62.91 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.06, which suggests the price will decrease in the coming days. Percent R is at 0.00%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.

Is Preferred Apartment Communities Inc. subject to short interest?

Stocks of Preferred Apartment Communities Inc. saw a sharp steep in short interest on May 30, 2022 dropping by -0.76 million shares to 4.62 million. Data from Yahoo Finance shows that the short interest on Apr 28, 2022 was 5.38 million shares. A decline of -16.45% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 3.28 of the overall float, the days-to-cover ratio (short ratio) decline to 3.28.

Which companies own the most shares of Preferred Apartment Communities Inc. (APTS)?

According to The Vanguard Group, Inc. filings, the company currently owns 5,384,022 shares, which is about 8.36% of the total APTS shares outstanding. The investor’s shares have appreciated by 113,447 from its previous 13-F filing of 5270575.0 shares. With the completion of the sale transaction, BlackRock Fund Advisors’s stake is now worth $85,057,321. JPMorgan Securities LLC acquire a 1,975.16% interest valued at $40.51 million while Empyrean Capital Partners LP 1,420,796 stake. In its current portfolio, BofA Securities, Inc. holds 1,088,355 shares valued at $27.14 million.

In terms of Preferred Apartment Communities Inc. share price expectations, FactSet research, analysts set an average price target of $25.00 in the next 12 months, up nearly 0.08% from the previous closing price of $24.98. Analysts anticipate Preferred Apartment Communities Inc. stock to reach $25.00 by 2022, with the lowest price target being $25.00. In spite of this, 1 analysts ranked Preferred Apartment Communities Inc. stock as a Hold at the end of 2022. On January 11, 2018, SunTrust assigned a price target of “a Hold” to the stock and initiated coverage with a $20.

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