Will Preferred Apartment Communities Inc (NYSE:APTS) Run Out of Steam Soon? Short Interest Is Down

October 2, 2018 - By whatsonthorold

Preferred Apartment Communities, Inc. (NYSE:APTS) Logo

Investors sentiment decreased to 1.32 in 2018 Q2. Its down 0.68, from 2 in 2018Q1. It dropped, as 22 investors sold Preferred Apartment Communities, Inc. shares while 34 reduced holdings. 24 funds opened positions while 50 raised stakes. 20.78 million shares or 3.37% less from 21.51 million shares in 2018Q1 were reported.
American Interest Gru Inc owns 25,497 shares or 0% of their US portfolio. Connor Clark & Lunn Investment Mgmt Limited stated it has 45,700 shares. Us Fincl Bank De stated it has 11,167 shares. Thompson Davis & holds 250 shares or 0.01% of its portfolio. Ubs Asset Management Americas has invested 0% in Preferred Apartment Communities, Inc. (NYSE:APTS). State Board Of Administration Of Florida Retirement System owns 60,575 shares. The Massachusetts-based Grantham Mayo Van Otterloo & Communications Limited Com has invested 0.01% in Preferred Apartment Communities, Inc. (NYSE:APTS). Bnp Paribas Arbitrage Sa reported 0% of its portfolio in Preferred Apartment Communities, Inc. (NYSE:APTS). Neuberger Berman Grp Lc stated it has 0.01% in Preferred Apartment Communities, Inc. (NYSE:APTS). Farmers And Merchants Invs holds 0% or 510 shares. Teachers & Annuity Association Of America reported 0.06% in Preferred Apartment Communities, Inc. (NYSE:APTS). Jpmorgan Chase invested in 669,615 shares. American Asset Mgmt Inc holds 0.34% or 30,400 shares. Synovus Finance has 0% invested in Preferred Apartment Communities, Inc. (NYSE:APTS). Wells Fargo & Mn, California-based fund reported 283,207 shares.

Since August 29, 2018, it had 0 insider purchases, and 1 sale for $99,605 activity.

The stock of Preferred Apartment Communities Inc (NYSE:APTS) registered a decrease of 10.91% in short interest. APTS’s total short interest was 1.91M shares in October as published by FINRA. Its down 10.91% from 2.15M shares, reported previously. With 237,800 shares average volume, it will take short sellers 8 days to cover their APTS’s short positions.

The stock decreased 0.12% or $0.02 during the last trading session, reaching $17.22. About 28,715 shares traded. Preferred Apartment Communities, Inc. (NYSE:APTS) has declined 0.06% since October 2, 2017 and is downtrending. It has underperformed by 15.68% the S&P500.

Preferred Apartment Communities, Inc. is a real estate investment trust externally managed by Preferred Apartment Advisors, LLC. The company has market cap of $702.99 million. The firm invests in real estate markets of the United States. It currently has negative earnings. It primarily acquires and operates multifamily apartment properties.

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

Among 2 analysts covering Preferred Apartment Communities (NYSE:APTS), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Preferred Apartment Communities had 2 analyst reports since April 17, 2018 according to SRatingsIntel. The stock of Preferred Apartment Communities, Inc. (NYSE:APTS) earned “Hold” rating by FBR Capital on Tuesday, April 17.

Preferred Apartment Communities, Inc. (NYSE:APTS) Institutional Positions Chart

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