Close

FBR Capital Starts Preferred Apartment Communities (APTS) at Outperform

September 1, 2015 6:21 AM EDT
Get Alerts APTS Hot Sheet
Price: $25.00 --0%

Rating Summary:
    6 Buy, 5 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 8 | Down: 4 | New: 4
Join SI Premium – FREE

FBR Capital initiates coverage on Preferred Apartment Communities (NYSE: APTS) with a Outperform rating and a price target of $12.50.

Analyst Patrick Kealey commented, "With demand for multifamily units poised to remain strong in the coming years, we think the company is uniquely positioned to capitalize not only on solid multifamily fundamentals but also on the need for development financing, as well as other opportunistic investments. Preferred Apartment Communities already has significant growth embedded in its real estate loan portfolio, and we expect several longer-term catalysts to drive meaningful upside above today’s levels. We believe the current valuation does not reflect the multiple levers available for growth, and we are positive on APTS’s prospects given the company’s strong management team and focus on value creation for shareholders."

For an analyst ratings summary and ratings history on Preferred Apartment Communities click here. For more ratings news on Preferred Apartment Communities click here.

Shares of Preferred Apartment Communities closed at $10.21 yesterday.



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Analyst Comments, New Coverage