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

September 16, 2018 - By Palma Niemeyer

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

Investors sentiment decreased to 1.32 in Q2 2018. Its down 0.68, from 2 in 2018Q1. It turned negative, 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.
Royal Financial Bank Of Canada owns 11,480 shares or 0% of their US portfolio. California State Teachers Retirement Systems accumulated 59,898 shares. Eqis Cap Mgmt accumulated 11,846 shares. Piermont Mgmt reported 0.84% in Preferred Apartment Communities, Inc. (NYSE:APTS). 12,042 were reported by Schroder Inv Gp. Nuveen Asset Mngmt Ltd Co owns 690,728 shares. Legal And General Group Public Limited Company holds 0% or 6,119 shares in its portfolio. Thompson Davis & holds 250 shares or 0.01% of its portfolio. Huntington Commercial Bank has invested 0% in Preferred Apartment Communities, Inc. (NYSE:APTS). Connor Clark Lunn Ltd reported 45,700 shares stake. Invesco Ltd holds 0% of its portfolio in Preferred Apartment Communities, Inc. (NYSE:APTS) for 123,235 shares. Teachers And Annuity Association Of America holds 0.06% or 50,310 shares in its portfolio. Cambridge Inv Research Advsrs invested in 0.01% or 55,150 shares. Amundi Pioneer Asset Inc holds 0% or 75,966 shares in its portfolio. Citadel Advsr holds 0% or 170,314 shares in its portfolio.

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 September 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 increased 0.56% or $0.1 during the last trading session, reaching $17.96. About 270,464 shares traded. Preferred Apartment Communities, Inc. (NYSE:APTS) has declined 0.06% since September 16, 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 $733.20 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) Institutional Positions Chart

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