Preferred Apartment Communities, Inc. (APTS)’s Bullish Wedge Up Pattern Points to Lower Stock Risks

December 7, 2017 - By Clifton Ray

Investors sentiment increased to 2.59 in Q2 2017. Its up 0.85, from 1.74 in 2017Q1. It improved, 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.
Legal General Gru Public Ltd Com owns 7,188 shares or 0% of their US portfolio. State Street accumulated 492,213 shares or 0% of the stock. Bokf Na has 10,000 shares for 0% of their portfolio. Alliancebernstein L P invested in 0% or 135,830 shares. Lsv Asset Management stated it has 0.02% of its portfolio in Preferred Apartment Communities, Inc. (NYSE:APTS). California State Teachers Retirement Sys holds 54,050 shares or 0% of its portfolio. Vanguard Grp Incorporated reported 0% of its portfolio in Preferred Apartment Communities, Inc. (NYSE:APTS). Texas-based Wfg Advisors L P has invested 0.61% in Preferred Apartment Communities, Inc. (NYSE:APTS). Geode Cap Management Limited Com, Massachusetts-based fund reported 239,530 shares. Lpl Financial Ltd Com accumulated 0% or 60,693 shares. Citadel Advisors Ltd Limited Liability Company accumulated 0% or 13,080 shares. Nuveen Asset Mngmt Ltd Liability Corp holds 39,153 shares or 0% of its portfolio. Cambridge Inv Research Advsrs Inc owns 26,308 shares. Moreover, Raymond James Financial Services Inc has 0% invested in Preferred Apartment Communities, Inc. (NYSE:APTS). Adirondack invested in 1,040 shares or 0.01% of the stock.

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 firm earned “Buy” rating on Wednesday, March 9 by Wunderlich. The stock of Preferred Apartment Communities, Inc. (NYSE:APTS) has “Hold” rating given on Tuesday, May 30 by FBR Capital. FBR Capital maintained it with “Outperform” rating and $16 target in Tuesday, May 10 report. FBR Capital downgraded Preferred Apartment Communities, Inc. (NYSE:APTS) on Wednesday, January 4 to “Mkt Perform” rating. On Wednesday, November 2 the stock rating was maintained by Wunderlich with “Buy”. The company was maintained on Monday, July 31 by Canaccord Genuity. Compass Point downgraded it to “Neutral” rating and $12 target in Wednesday, March 9 report. The stock has “Buy” rating by Canaccord Genuity on Thursday, July 23. The rating was maintained by Wunderlich with “Buy” on Thursday, August 6. The rating was upgraded by Compass Point to “Buy” on Wednesday, May 4.

More notable recent Preferred Apartment Communities, Inc. (NYSE:APTS) news were published by: Reuters.com which released: “BRIEF-Preferred Apartment Communities announces acquisition of Class A office …” on November 13, 2017, also Prnewswire.com with their article: “Preferred Apartment Communities, Inc. Announces Third Quarter 2017 Earnings …” published on October 05, 2017, Bizjournals.com published: “John Williams’ Preferred Apartment Communities expands Texas portfolio” on December 05, 2017. More interesting news about Preferred Apartment Communities, Inc. (NYSE:APTS) were released by: Prnewswire.com and their article: “Preferred Apartment Communities, Inc. Announces Investment in Fort Myers …” published on August 03, 2017 as well as Nasdaq.com‘s news article titled: “Preferred Apartment Communities, Inc. (APTS) Ex-Dividend Date Scheduled for …” with publication date: June 12, 2017.

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