Health Care

Preferred Apartment Communities (NYSE:APTS) Trading Volume Significantly Higher

Bank of Nova Scotia raised its stake in Mid-America Apartment Communities, Inc. Bnp Paribas Invest Prns invested 0.15% in Mid-America Apartment Communities Inc (NYSE:MAA). Wedbush Securities Inc. acquired a new position in Preferred Apartment Communities during the first quarter valued at approximately $138,000. Macquarie Group Ltd. now owns 59,012 shares of the real estate investment trust's stock valued at $5,778,000 after buying an additional 27,752 shares during the period. Caisse De Depot Et Placement Du Quebec has invested 0.03% in Mid-America Apartment Communities Inc (NYSE:MAA). DekaBank Deutsche Girozentrale now owns 7,622 shares of the real estate investment trust's stock valued at $812,000 after buying an additional 5,382 shares during the period. The stock of Mid-America Apartment Communities Inc (NYSE:MAA) has "Outperform" rating given on Wednesday, November 30 by BMO Capital Markets. Institutional investors and hedge funds own 93.10% of the company's stock.

Analysts expect that Preferred Apartment Communities Inc. Real Est Svcs Ltd Co invested 0.93% in Host Hotels and Resorts Inc (NYSE:HST). 253,058 stocks of the shares transacted hands. the firms market valuation is $433.96 M. Preferred Apartment Communities has a 1 year low of $12.02 and a 1 year high of $16.40.

Among 16 analysts covering Mid-America Apartment Communities (NYSE:MAA), 11 have Buy rating, 1 Sell and 4 Hold.

Karp Capital Management Corp bought a new stake in Preferred Apartment Communities Inc. Mid-America Apartment Communities had a return on equity of 5.02% and a net margin of 17.03%. The firm had revenue of $375.91 million for the quarter, compared to the consensus estimate of $358.74 million. The company's quarterly revenue was up 39.7% compared to the same quarter past year. National Securities reaffirmed a "buy" rating and issued a $20.00 target price (up from $16.00) on shares of Preferred Apartment Communities in a research report on Tuesday, May 23rd.

The business also recently announced a quarterly dividend, which will be paid on Friday, July 14th. The dividend will be $0.235 per share for the quarter or $0.94 annualized. The ex-dividend date of this dividend is Tuesday, June 13th. Mid-America Apartment Communities's dividend payout ratio (DPR) is now 139.76%.

COPYRIGHT VIOLATION NOTICE: "Preferred Apartment Communities (NASDAQ:APTS) Earning Favorable Media Coverage, Analysis Finds" was first posted by Stock Observer and is owned by of Stock Observer. If you are reading this piece on another site, it was stolen and republished in violation of United States & global trademark & copyright legislation. Northwestern Mutual Wealth invested 0% in Mid-America Apartment Communities Inc (NYSE:MAA).

A number of equities research analysts recently weighed in on the stock. State Street Corp increased its stake in shares of Preferred Apartment Communities by 15.6% in the fourth quarter. After $1.46 actual earnings per share reported by Mid-America Apartment Communities Inc for the previous quarter, Wall Street now forecasts 0.00% EPS growth. Zacks Investment Research raised Preferred Apartment Communities from a "sell" rating to a "hold" rating in a research report on Wednesday, May 31st. FBR & Co set a $15.00 target price on Preferred Apartment Communities and gave the company a "hold" rating in a report on Wednesday, May 31st. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. As per Monday, May 16, the company rating was maintained by Canaccord Genuity.

In other news, Director Gary Shorb purchased 500 shares of Mid-America Apartment Communities stock in a transaction on Tuesday, May 9th. Another trade for 1,000 shares valued at $15,310 was bought by SILVERSTEIN LEONARD A. 1,150 shares were bought by WILLIAMS JOHN A, worth $17,538. As per Thursday, February 4, the company rating was maintained by Oppenheimer. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Weiss Multi reported 0.78% in Mid-America Apartment Communities Inc (NYSE:MAA). The Firm focuses on multifamily and commercial properties located in the Western United States, the United Kingdom, Ireland, Spain, Italy and Japan. It operates through three divisions: Large market same store, Secondary market same store and Non-Same Store and Other.

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