Preferred Apartment Communities Inc. (NYSE:APTS) traded today at a new 52-week high of $25.32. This new high was reached on above average trading volume as 2.7 million shares traded hands, while the average 30-day volume is approximately 758,000 shares.
Preferred Apartment Communities Inc. has overhead space with shares priced $25.16, or 53.5% below the average consensus analyst price target of $54.13.
Preferred Apartment Communities Inc is a real estate investment trust that acquires and operates multifamily properties in select targeted markets throughout the United States. It operates through the following segments: The Multifamily Communities segment being the highest revenue generating segment; Financing segment refers to the portfolio of real estate loans, bridge loans, other instruments, and other real estate related assets; New Market Properties segment covers a portfolio of grocery-anchored shopping centers, as well as the financial results from the retail real estate loans; and Preferred Office properties segment relates to the office buildings.
In the past 52 weeks, shares of Preferred Apartment Communities Inc. have traded between a low of $7.36 and a high of $25.32 and is now at $25.16, which is 242% above that low price.
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