Preferred Apartment Communities (APTS) 13.93 $APTS
Preferred Apartment Communities, Inc. Announces Acquisition of a 9-Story Class A Office Building in Birmingham, Alabama
PR Newswire - Tue Aug 30, 5:55AM CDT
Preferred Apartment Communities, Inc. (NYSE: APTS) ("PAC" or the "Company"
today announced that on August 29, 2016 it acquired a 169,500 square foot, 9-story Class A office building within Brookwood Village, an upscale mixed-use shopping destination located in the Mountain Brook area of Birmingham, Alabama. The office building is 100% leased to a diversified tenant base, including PricewaterhouseCoopers, Merrill Lynch and Kinder Morgan, with an average remaining lease term of approximately 9 years. "This acquisition is consistent with our previously described strategy of holding a defined portion of our assets in properties other than our core multifamily communities," said Daniel M. DuPree, the Chief Investment Officer for PAC. John A. Williams, PAC's Chairman and Chief Executive Officer added, "We select these non-multifamily focused assets in property types in which we have considerable, proven experience and expertise which is certainly the case here." PAC financed this acquisition utilizing a first mortgage loan from Life Insurance Company of the Southwest for approximately $32.4 million and has a maturity date of September 1, 2031, a fixed interest rate of 3.52% per annum and will be interest only for the first year and thereafter will amortize based on a 27-year amortization. PAC intends to create a separate platform with other investors to own these type of assets and into which platform this asset may be placed.
APTS: 13.93 (+0.20)
Preferred Apartment Communities, Inc. Announces Acquisition of a 290-Unit Multifamily Community in Jacksonville, Florida
PR Newswire - Wed Aug 24, 3:30PM CDT
Preferred Apartment Communities, Inc. (NYSE: APTS) ("PAC" or the "Company" today announced that it acquired a recently constructed 290-unit Class A multifamily community in Jacksonville, Florida named Sorrel Luxury Apartments. "We believe this is a high quality, Class-A community in a superb location," said John A. Williams, the Chairman and Chief Executive Officer for PAC. Mr. Williams added, "We continue to add communities in the fast growing Florida market." PAC financed the acquisition utilizing a first mortgage loan from Prudential Multifamily Mortgage for approximately $33.6 million and has a maturity date of September 1, 2023, a fixed interest rate of 3.44% per annum and will amortize based on a 30-year amortization. Prudential intends to assign this loan to Fannie Mae within 60 days of closing.
APTS: 13.93 (+0.20)
Preferred Apartment Communities, Inc. Announces Investment in Birmingham, Alabama Multifamily Development
PR Newswire - Wed Aug 24, 8:15AM CDT
Preferred Apartment Communities, Inc. (NYSE: APTS) ("PAC" or the "Company" today announced that it closed on a loan investment of up to approximately $21.1 million. This investment is in connection with Bristol Development Group's plans to develop a 271-unit multifamily community located in Birmingham, Alabama. Additionally, with this investment, PAC received an option to purchase the multifamily community following stabilization at a discounted price to market. "Bristol Development Group is a Nashville based developer of Class A multifamily properties throughout the Southeast U.S. We have pursued a relationship with Bristol for some time and hope this is just the first of many high quality projects that we can work on together," said Daniel M. DuPree, the Company's Chief Investment Officer.
APTS: 13.93 (+0.20)
Preferred Apartment Communities, Inc. Announces Acquisition of Seven Grocery-Anchored Shopping Centers
PR Newswire - Tue Aug 09, 5:55AM CDT
Preferred Apartment Communities, Inc. (NYSE: APTS) ("PAC" or the "Company" today announced the acquisition on August 8, 2016 of seven grocery-anchored shopping centers with an aggregate of approximately 650,400 rentable square feet located in four states including Georgia, Florida, Texas and North Carolina for an aggregate purchase price of approximately $158 million, exclusive of acquisition-related and financing-related transaction costs.
APTS: 13.93 (+0.20)
Preferred Apartment Communities, Inc. Announces Third Quarter 2016 Common Stock Dividend
PR Newswire - Thu Aug 04, 12:25PM CDT
Third Quarter 2016 Common Stock Dividend
APTS: 13.93 (+0.20)
Preferred Apartment Communities, Inc. Reports Results for Second Quarter 2016
PR Newswire - Mon Aug 01, 3:30PM CDT
Preferred Apartment Communities, Inc. (NYSE: APTS) ("we", "our", the "Company" or "Preferred Apartment Communities" today reported results for the quarter ended June 30, 2016. Unless otherwise indicated, all per share results are reported based on the basic weighted average shares of Common Stock and Class A Units of the Company's operating partnership ("Class A OP Units" outstanding.
APTS: 13.93 (+0.20)
Residential REITs' Q2 Earnings on Aug 1: EDR, PPS, APTS
Zacks Equity Research - Zacks Investment Research - Fri Jul 29, 9:42AM CDT
The residential REIT category of the real estate investment trust (REIT) space has been witnessing quite an eventful week of the Q2 Earnings season.
APTS: 13.93 (+0.20), PPS: 67.81 (+0.41), EDR: 44.54 (-0.42)
Preferred Apartment Communities, Inc. Announces Extension of Management Agreement with Preferred Apartment Advisors, LLC
PR Newswire - Mon Jun 06, 3:30PM CDT
Preferred Apartment Communities, Inc. (NYSE: APTS), or the Company, today announced that it has extended the term of its management agreement with its external advisor, Preferred Apartment Advisors, LLC, or PAA. The terms of the extension were negotiated between PAA and the Conflicts Committee of the Company's Board of Directors, which committee consists solely of independent directors of the Company. The Conflicts Committee engaged Duff & Phelps, LLC, a nationally recognized provider of valuation and corporate financial advisory services, as its independent financial advisor. Pursuant to its engagement, Duff & Phelps issued a fairness opinion which concluded that the financial terms of the amended management agreement are fair, from a financial point of view, to the Company. Following the recommendation of the Conflicts Committee, the full Board of Directors of the Company unanimously approved the amended management agreement. John A. Williams, the Chairman of the Board and Chief Executive Officer of the Company, stated, "I believe that the execution of this management agreement extension provides significant stability for our ongoing business philosophy, strategy and operations for the benefit of all of the Company's stockholders."
APTS: 13.93 (+0.20)
Preferred Apartment Communities, Inc. Announces Acquisition of First Student Housing Community and Commencement of Affiliated Student Housing Property Manager
PR Newswire - Wed Jun 01, 4:00PM CDT
Preferred Apartment Communities, Inc. (NYSE: APTS) ("PAC" or the "Company" today announced the acquisition of Campus Circle, a 219-unit, 679-bed student housing community located near Florida State University in Tallahassee, Florida. PAC acquired this asset through its wholly-owned subsidiary Preferred Campus Communities, LLC ("PCC". Preferred Campus Communities financed the acquisition by assuming the existing first mortgage loan with a maturity date of October 1, 2022 and an annual interest rate of 4.02%. "We believe this acquisition represents a strong, strategic move into the student housing sector. This property is well located with easy pedestrian access to campus. We feel the modern features, including a resort-style pool, a fitness center and other student-centered amenities are very appealing to the resident base," said Paul Cullen, PAC's Chief Marketing Officer and Chief Executive Officer of PCC.
APTS: 13.93 (+0.20)
Preferred Apartment Communities, Inc. Announces Acquisition of a 487-Unit Multifamily Community in Orlando, FL through its Main Street Apartment Homes subsidiary
PR Newswire - Tue May 31, 3:30PM CDT
Preferred Apartment Communities, Inc. (NYSE: APTS) ("PAC" or the "Company" today announced the acquisition of a 487-unit Class A multifamily community in Orlando, FL constructed in 2008 known as Grandeville at Avalon Park. "This asset is an excellent addition to our growing Main Street portfolio. Orlando is a great market for us and we are excited to be increasing our presence there," said John A. Isakson, PAC's Chief Capital Officer and CEO of the Main Street Apartment Homes subsidiary.
APTS: 13.93 (+0.20)
Preferred Apartment Communities, Inc. Announces Disposition of Trail Creek, its Multifamily Community in Hampton, Virginia
PR Newswire - Mon May 23, 3:30PM CDT
Preferred Apartment Communities, Inc. (NYSE: APTS) ("PAC" or the "Company" today announced the sale on May 19, 2016 of Trail Creek Apartments, its 300-unit multifamily community in Hampton, Virginia. The sale generated net proceeds of approximately $10.5 million to PAC, which PAC will utilize for working capital purposes including reducing the outstanding balance under its revolving line of credit facility, acquisitions, real estate investment loans and general corporate purposes. Leonard A Silverstein, PAC's President and Chief Operating Officer, said, "We are pleased to announce the sale of this multifamily community which we previously reported as being held for sale."
APTS: 13.93 (+0.20)
Preferred Apartment Communities, Inc. Announces Acquisition of a Grocery-Anchored Retail Shopping Center in the Nashville, Tennessee Market
PR Newswire - Mon May 16, 4:22PM CDT
Preferred Apartment Communities, Inc. (NYSE: APTS) ("PAC" or the "Company" today announced the acquisition of The Market at Victory Village, an approximately 71,300 square foot grocery-anchored retail shopping center anchored by a 45,600 square foot Publix grocery store. The Market at Victory Village is located in the Murfreesboro submarket of the Nashville MSA.
APTS: 13.93 (+0.20)
Preferred Apartment Communities, Inc. Increases Quarterly Common Stock Dividend
PR Newswire - Thu May 05, 11:46AM CDT
Preferred Apartment Communities, Inc. (NYSE: APTS), or the Company, today announced that its Board of Directors has declared a quarterly dividend on its common stock of $0.2025 per share for the second quarter of 2016, an increase of $0.01 per share or approximately 5.2% over the prior quarterly dividend rate of $0.1925 per share paid to common stockholders for the first quarter of 2015. This also represents a 62.0% overall increase in our common stock dividend since our IPO and an annualized dividend growth rate of 12.5%. The dividend is payable on July 15, 2016 to all common stockholders of record as of June 15, 2016.
APTS: 13.93 (+0.20)
Preferred Apartment Communities reports 1Q results
Automated Insights - Mon May 02, 5:25PM CDT
ATLANTA (AP) _ Preferred Apartment Communities Inc. (APTS) on Monday reported a key measure of profitability in its first quarter. The results missed Wall Street expectations.
APTS: 13.93 (+0.20)
Preferred Apartment Communities, Inc. Reports Results for First Quarter 2016
PR Newswire - Mon May 02, 4:30PM CDT
Preferred Apartment Communities, Inc. (NYSE: APTS) ("we", "our", the "Company" or "Preferred Apartment Communities" today reported results for the quarter ended March 31, 2016. Unless otherwise indicated, all per share results are reported based on the basic weighted average shares of Common Stock and Class A Units of the Company's operating partnership ("Class A OP Units" outstanding.
APTS: 13.93 (+0.20)
Preferred Apartment Communities, Inc. Announces Investment in Lubbock, Texas Student Housing Development
PR Newswire - Thu Apr 21, 3:15PM CDT
Preferred Apartment Communities, Inc. (NYSE: APTS) ("PAC" or the "Company" today announced that on April 20, 2016 it closed on a loan investment of up to approximately $9.4 million. This investment is in connection with Haven Campus Communities, LLC's plans to develop a 556-bed, 140-unit student housing community located near Texas Tech University in Lubbock, Texas. This is the second phase to an existing student housing project that is completing its first lease-up. The second phase will be managed by Preferred Campus Management, LLC, the same company managing the current lease-up in the first phase. Additionally, with this investment, PAC received an option to purchase the student housing community following stabilization at a discounted price to market. "We are excited to continue the growth of investments in student housing assets near world-class universities," said Paul Cullen, Chief Marketing Officer of PAC.
APTS: 13.93 (+0.20)
The Zacks Analyst Blog Highlights: Sotherly Hotels, New Residential Investment, Hatteras Financial, Preferred Apartment Communities and New Senior Investment Group
Zacks Equity Research - Zacks Investment Research - Tue Feb 09, 8:30AM CST
The Zacks Analyst Blog Highlights: Sotherly Hotels, New Residential Investment, Hatteras Financial, Preferred Apartment Communities and New Senior Investment Group
SOHO: 5.43 (+0.04), SNR: 11.77 (+0.13), APTS: 13.93 (+0.20), HTS: 16.29 (+0.09), NRZ: 14.26 (-0.19)
6 High-Yield REIT Picks on Mixed Jobs Data
Swarup Gupta - Zacks Investment Research - Mon Feb 08, 9:51AM CST
REITs with high yields are likely to prosper in a low interest rate environment
BCS: 8.83 (-0.20), SOHO: 5.43 (+0.04), APTS: 13.93 (+0.20), SNR: 11.77 (+0.13), MTGE: 17.61 (-0.10), HTS: 16.29 (+0.09), NRZ: 14.26 (-0.19)
Preferred Apartment Communities declares dividend of USD0.1925 per share Q1 2016
M2 - Fri Feb 05, 3:02AM CST
The board of directors of Preferred Apartment Communities Inc (NYSE:APTS) authorised a quarterly dividend of USD0.1925 per share on the company's common stock, it disclosed on Thursday.
APTS: 13.93 (+0.20)
Preferred Apartment Communities, Inc. Announces Acquisition of a 9-Story Class A Office Building in Birmingham, Alabama
PR Newswire - Tue Aug 30, 5:55AM CDT
Preferred Apartment Communities, Inc. (NYSE: APTS) ("PAC" or the "Company"
today announced that on August 29, 2016 it acquired a 169,500 square foot, 9-story Class A office building within Brookwood Village, an upscale mixed-use shopping destination located in the Mountain Brook area of Birmingham, Alabama. The office building is 100% leased to a diversified tenant base, including PricewaterhouseCoopers, Merrill Lynch and Kinder Morgan, with an average remaining lease term of approximately 9 years. "This acquisition is consistent with our previously described strategy of holding a defined portion of our assets in properties other than our core multifamily communities," said Daniel M. DuPree, the Chief Investment Officer for PAC. John A. Williams, PAC's Chairman and Chief Executive Officer added, "We select these non-multifamily focused assets in property types in which we have considerable, proven experience and expertise which is certainly the case here." PAC financed this acquisition utilizing a first mortgage loan from Life Insurance Company of the Southwest for approximately $32.4 million and has a maturity date of September 1, 2031, a fixed interest rate of 3.52% per annum and will be interest only for the first year and thereafter will amortize based on a 27-year amortization. PAC intends to create a separate platform with other investors to own these type of assets and into which platform this asset may be placed. APTS: 13.93 (+0.20)
Preferred Apartment Communities, Inc. Announces Acquisition of a 290-Unit Multifamily Community in Jacksonville, Florida
PR Newswire - Wed Aug 24, 3:30PM CDT
Preferred Apartment Communities, Inc. (NYSE: APTS) ("PAC" or the "Company"
today announced that it acquired a recently constructed 290-unit Class A multifamily community in Jacksonville, Florida named Sorrel Luxury Apartments. "We believe this is a high quality, Class-A community in a superb location," said John A. Williams, the Chairman and Chief Executive Officer for PAC. Mr. Williams added, "We continue to add communities in the fast growing Florida market." PAC financed the acquisition utilizing a first mortgage loan from Prudential Multifamily Mortgage for approximately $33.6 million and has a maturity date of September 1, 2023, a fixed interest rate of 3.44% per annum and will amortize based on a 30-year amortization. Prudential intends to assign this loan to Fannie Mae within 60 days of closing. APTS: 13.93 (+0.20)
Preferred Apartment Communities, Inc. Announces Investment in Birmingham, Alabama Multifamily Development
PR Newswire - Wed Aug 24, 8:15AM CDT
Preferred Apartment Communities, Inc. (NYSE: APTS) ("PAC" or the "Company"
today announced that it closed on a loan investment of up to approximately $21.1 million. This investment is in connection with Bristol Development Group's plans to develop a 271-unit multifamily community located in Birmingham, Alabama. Additionally, with this investment, PAC received an option to purchase the multifamily community following stabilization at a discounted price to market. "Bristol Development Group is a Nashville based developer of Class A multifamily properties throughout the Southeast U.S. We have pursued a relationship with Bristol for some time and hope this is just the first of many high quality projects that we can work on together," said Daniel M. DuPree, the Company's Chief Investment Officer. APTS: 13.93 (+0.20)
Preferred Apartment Communities, Inc. Announces Acquisition of Seven Grocery-Anchored Shopping Centers
PR Newswire - Tue Aug 09, 5:55AM CDT
Preferred Apartment Communities, Inc. (NYSE: APTS) ("PAC" or the "Company"
today announced the acquisition on August 8, 2016 of seven grocery-anchored shopping centers with an aggregate of approximately 650,400 rentable square feet located in four states including Georgia, Florida, Texas and North Carolina for an aggregate purchase price of approximately $158 million, exclusive of acquisition-related and financing-related transaction costs. APTS: 13.93 (+0.20)
Preferred Apartment Communities, Inc. Announces Third Quarter 2016 Common Stock Dividend
PR Newswire - Thu Aug 04, 12:25PM CDT
Third Quarter 2016 Common Stock Dividend
APTS: 13.93 (+0.20)
Preferred Apartment Communities, Inc. Reports Results for Second Quarter 2016
PR Newswire - Mon Aug 01, 3:30PM CDT
Preferred Apartment Communities, Inc. (NYSE: APTS) ("we", "our", the "Company" or "Preferred Apartment Communities"
today reported results for the quarter ended June 30, 2016. Unless otherwise indicated, all per share results are reported based on the basic weighted average shares of Common Stock and Class A Units of the Company's operating partnership ("Class A OP Units" outstanding. APTS: 13.93 (+0.20)
Residential REITs' Q2 Earnings on Aug 1: EDR, PPS, APTS
Zacks Equity Research - Zacks Investment Research - Fri Jul 29, 9:42AM CDT
The residential REIT category of the real estate investment trust (REIT) space has been witnessing quite an eventful week of the Q2 Earnings season.
APTS: 13.93 (+0.20), PPS: 67.81 (+0.41), EDR: 44.54 (-0.42)
Preferred Apartment Communities, Inc. Announces Extension of Management Agreement with Preferred Apartment Advisors, LLC
PR Newswire - Mon Jun 06, 3:30PM CDT
Preferred Apartment Communities, Inc. (NYSE: APTS), or the Company, today announced that it has extended the term of its management agreement with its external advisor, Preferred Apartment Advisors, LLC, or PAA. The terms of the extension were negotiated between PAA and the Conflicts Committee of the Company's Board of Directors, which committee consists solely of independent directors of the Company. The Conflicts Committee engaged Duff & Phelps, LLC, a nationally recognized provider of valuation and corporate financial advisory services, as its independent financial advisor. Pursuant to its engagement, Duff & Phelps issued a fairness opinion which concluded that the financial terms of the amended management agreement are fair, from a financial point of view, to the Company. Following the recommendation of the Conflicts Committee, the full Board of Directors of the Company unanimously approved the amended management agreement. John A. Williams, the Chairman of the Board and Chief Executive Officer of the Company, stated, "I believe that the execution of this management agreement extension provides significant stability for our ongoing business philosophy, strategy and operations for the benefit of all of the Company's stockholders."
APTS: 13.93 (+0.20)
Preferred Apartment Communities, Inc. Announces Acquisition of First Student Housing Community and Commencement of Affiliated Student Housing Property Manager
PR Newswire - Wed Jun 01, 4:00PM CDT
Preferred Apartment Communities, Inc. (NYSE: APTS) ("PAC" or the "Company"
today announced the acquisition of Campus Circle, a 219-unit, 679-bed student housing community located near Florida State University in Tallahassee, Florida. PAC acquired this asset through its wholly-owned subsidiary Preferred Campus Communities, LLC ("PCC". Preferred Campus Communities financed the acquisition by assuming the existing first mortgage loan with a maturity date of October 1, 2022 and an annual interest rate of 4.02%. "We believe this acquisition represents a strong, strategic move into the student housing sector. This property is well located with easy pedestrian access to campus. We feel the modern features, including a resort-style pool, a fitness center and other student-centered amenities are very appealing to the resident base," said Paul Cullen, PAC's Chief Marketing Officer and Chief Executive Officer of PCC. APTS: 13.93 (+0.20)
Preferred Apartment Communities, Inc. Announces Acquisition of a 487-Unit Multifamily Community in Orlando, FL through its Main Street Apartment Homes subsidiary
PR Newswire - Tue May 31, 3:30PM CDT
Preferred Apartment Communities, Inc. (NYSE: APTS) ("PAC" or the "Company"
today announced the acquisition of a 487-unit Class A multifamily community in Orlando, FL constructed in 2008 known as Grandeville at Avalon Park. "This asset is an excellent addition to our growing Main Street portfolio. Orlando is a great market for us and we are excited to be increasing our presence there," said John A. Isakson, PAC's Chief Capital Officer and CEO of the Main Street Apartment Homes subsidiary. APTS: 13.93 (+0.20)
Preferred Apartment Communities, Inc. Announces Disposition of Trail Creek, its Multifamily Community in Hampton, Virginia
PR Newswire - Mon May 23, 3:30PM CDT
Preferred Apartment Communities, Inc. (NYSE: APTS) ("PAC" or the "Company"
today announced the sale on May 19, 2016 of Trail Creek Apartments, its 300-unit multifamily community in Hampton, Virginia. The sale generated net proceeds of approximately $10.5 million to PAC, which PAC will utilize for working capital purposes including reducing the outstanding balance under its revolving line of credit facility, acquisitions, real estate investment loans and general corporate purposes. Leonard A Silverstein, PAC's President and Chief Operating Officer, said, "We are pleased to announce the sale of this multifamily community which we previously reported as being held for sale." APTS: 13.93 (+0.20)
Preferred Apartment Communities, Inc. Announces Acquisition of a Grocery-Anchored Retail Shopping Center in the Nashville, Tennessee Market
PR Newswire - Mon May 16, 4:22PM CDT
Preferred Apartment Communities, Inc. (NYSE: APTS) ("PAC" or the "Company"
today announced the acquisition of The Market at Victory Village, an approximately 71,300 square foot grocery-anchored retail shopping center anchored by a 45,600 square foot Publix grocery store. The Market at Victory Village is located in the Murfreesboro submarket of the Nashville MSA. APTS: 13.93 (+0.20)
Preferred Apartment Communities, Inc. Increases Quarterly Common Stock Dividend
PR Newswire - Thu May 05, 11:46AM CDT
Preferred Apartment Communities, Inc. (NYSE: APTS), or the Company, today announced that its Board of Directors has declared a quarterly dividend on its common stock of $0.2025 per share for the second quarter of 2016, an increase of $0.01 per share or approximately 5.2% over the prior quarterly dividend rate of $0.1925 per share paid to common stockholders for the first quarter of 2015. This also represents a 62.0% overall increase in our common stock dividend since our IPO and an annualized dividend growth rate of 12.5%. The dividend is payable on July 15, 2016 to all common stockholders of record as of June 15, 2016.
APTS: 13.93 (+0.20)
Preferred Apartment Communities reports 1Q results
Automated Insights - Mon May 02, 5:25PM CDT
ATLANTA (AP) _ Preferred Apartment Communities Inc. (APTS) on Monday reported a key measure of profitability in its first quarter. The results missed Wall Street expectations.
APTS: 13.93 (+0.20)
Preferred Apartment Communities, Inc. Reports Results for First Quarter 2016
PR Newswire - Mon May 02, 4:30PM CDT
Preferred Apartment Communities, Inc. (NYSE: APTS) ("we", "our", the "Company" or "Preferred Apartment Communities"
today reported results for the quarter ended March 31, 2016. Unless otherwise indicated, all per share results are reported based on the basic weighted average shares of Common Stock and Class A Units of the Company's operating partnership ("Class A OP Units" outstanding. APTS: 13.93 (+0.20)
Preferred Apartment Communities, Inc. Announces Investment in Lubbock, Texas Student Housing Development
PR Newswire - Thu Apr 21, 3:15PM CDT
Preferred Apartment Communities, Inc. (NYSE: APTS) ("PAC" or the "Company"
today announced that on April 20, 2016 it closed on a loan investment of up to approximately $9.4 million. This investment is in connection with Haven Campus Communities, LLC's plans to develop a 556-bed, 140-unit student housing community located near Texas Tech University in Lubbock, Texas. This is the second phase to an existing student housing project that is completing its first lease-up. The second phase will be managed by Preferred Campus Management, LLC, the same company managing the current lease-up in the first phase. Additionally, with this investment, PAC received an option to purchase the student housing community following stabilization at a discounted price to market. "We are excited to continue the growth of investments in student housing assets near world-class universities," said Paul Cullen, Chief Marketing Officer of PAC. APTS: 13.93 (+0.20)
The Zacks Analyst Blog Highlights: Sotherly Hotels, New Residential Investment, Hatteras Financial, Preferred Apartment Communities and New Senior Investment Group
Zacks Equity Research - Zacks Investment Research - Tue Feb 09, 8:30AM CST
The Zacks Analyst Blog Highlights: Sotherly Hotels, New Residential Investment, Hatteras Financial, Preferred Apartment Communities and New Senior Investment Group
SOHO: 5.43 (+0.04), SNR: 11.77 (+0.13), APTS: 13.93 (+0.20), HTS: 16.29 (+0.09), NRZ: 14.26 (-0.19)
6 High-Yield REIT Picks on Mixed Jobs Data
Swarup Gupta - Zacks Investment Research - Mon Feb 08, 9:51AM CST
REITs with high yields are likely to prosper in a low interest rate environment
BCS: 8.83 (-0.20), SOHO: 5.43 (+0.04), APTS: 13.93 (+0.20), SNR: 11.77 (+0.13), MTGE: 17.61 (-0.10), HTS: 16.29 (+0.09), NRZ: 14.26 (-0.19)
Preferred Apartment Communities declares dividend of USD0.1925 per share Q1 2016
M2 - Fri Feb 05, 3:02AM CST
The board of directors of Preferred Apartment Communities Inc (NYSE:APTS) authorised a quarterly dividend of USD0.1925 per share on the company's common stock, it disclosed on Thursday.
APTS: 13.93 (+0.20)
