Hancock Whitney Corp Has $5.01 Million Holdings in Preferred Apartment Communities Inc. (APTS)

Hancock Whitney Corp lifted its position in shares of Preferred Apartment Communities Inc. (NYSE:APTS) by 24.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 356,599 shares of the real estate investment trust’s stock after acquiring an additional 69,475 shares during the period. Hancock Whitney Corp owned 0.87% of Preferred Apartment Communities worth $5,014,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in the company. Legal & General Group Plc grew its position in shares of Preferred Apartment Communities by 11.7% during the fourth quarter. Legal & General Group Plc now owns 6,873 shares of the real estate investment trust’s stock worth $97,000 after acquiring an additional 721 shares during the last quarter. Metropolitan Life Insurance Co. NY grew its position in shares of Preferred Apartment Communities by 161.4% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 14,782 shares of the real estate investment trust’s stock worth $208,000 after acquiring an additional 9,127 shares during the last quarter. Nuveen Asset Management LLC grew its position in Preferred Apartment Communities by 3.4% in the 4th quarter. Nuveen Asset Management LLC now owns 1,406,260 shares of the real estate investment trust’s stock valued at $19,772,000 after buying an additional 46,376 shares in the last quarter. Geode Capital Management LLC grew its position in Preferred Apartment Communities by 14.7% in the 4th quarter. Geode Capital Management LLC now owns 451,922 shares of the real estate investment trust’s stock valued at $6,354,000 after buying an additional 58,015 shares in the last quarter. Finally, Stifel Financial Corp grew its position in Preferred Apartment Communities by 5.9% in the 4th quarter. Stifel Financial Corp now owns 15,917 shares of the real estate investment trust’s stock valued at $223,000 after buying an additional 884 shares in the last quarter. Institutional investors and hedge funds own 59.84% of the company’s stock.

A number of equities analysts recently issued reports on APTS shares. ValuEngine upgraded shares of Preferred Apartment Communities from a “hold” rating to a “buy” rating in a research report on Monday, March 11th. Zacks Investment Research lowered shares of Preferred Apartment Communities from a “hold” rating to a “sell” rating in a research report on Tuesday, January 15th. Finally, Boenning Scattergood reiterated a “buy” rating on shares of Preferred Apartment Communities in a research report on Tuesday, February 26th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. Preferred Apartment Communities presently has a consensus rating of “Hold” and a consensus price target of $18.25.

APTS traded down $0.21 on Monday, reaching $15.22. The company had a trading volume of 162,314 shares, compared to its average volume of 261,881. The firm has a market capitalization of $662.82 million, a PE ratio of 10.79, a P/E/G ratio of 1.50 and a beta of 0.51. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.04. Preferred Apartment Communities Inc. has a one year low of $13.14 and a one year high of $18.60.

The business also recently announced a quarterly dividend, which will be paid on Monday, April 15th. Investors of record on Friday, March 15th will be given a $0.26 dividend. The ex-dividend date is Thursday, March 14th. This represents a $1.04 dividend on an annualized basis and a yield of 6.83%. Preferred Apartment Communities’s dividend payout ratio is presently 73.76%.

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About Preferred Apartment Communities

Preferred Apartment Communities, Inc (NYSE: APTS), or the Company, is a Maryland corporation formed primarily to acquire and operate multifamily properties in select targeted markets throughout the United States. As part of our business strategy, we may enter into forward purchase contracts or purchase options for to-be-built multifamily communities and we may make real estate related loans, provide deposit arrangements or provide performance assurances, as may be necessary or appropriate, in connection with the development of multifamily communities and other properties.

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Institutional Ownership by Quarter for Preferred Apartment Communities (NYSE:APTS)

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