Is This Stock a Screaming Buy: Preferred Apartment Communities, Inc. (NYSE:APTS)

Equity Research firms currently have a positive stance on shares of Preferred Apartment Communities, Inc. (NYSE:APTS). The majority of analysts covering the equity have a consensus Strong Buy recommendation on the stock, yielding a score of 1.30. This is based on the research brokerage reports taken into consideration by Thomson Reuters. Those same analysts are projecting that the stock will reach $16.25 on a short term basis.

At the time of writing, the stock was trading at $12.48. This represents a change from the opening price of 0.03%. In terms of performance, year to date, the stock is -4.43%. The monthly stock performance comes in at -13.01%. For the quarter, shares are performing at -15.88%. Weekly performance analysis shows the equity at -7.61%.

In taking a look at technical levels, shares are trading -10.26% away from the 50 day simple moving average and -5.47% away from the 200 day simple moving average. Based on a recent bid, the stock is trading -18.87% away from it’s 52- week high and 21.32% away from its 52 week low. After the recent moves, investors may also look to see if the stock has entered oversold or overbought territory and could be ripe for a bounce. As of writing, Preferred Apartment Communities, Inc.’s RSI stands at 32.40. In looking at volatility levels, the shares saw weekly volatility of 3.32% and 3.07% over the past month.

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