Truist Securities Maintains Hold on Preferred Apartment, Raises Price Target to $25
Truist Securities analyst Michael Lewis maintains Preferred Apartment (NYSE:APTS) with a Hold and raises the price target from $17 to $25.
JonesTrading Downgrades Preferred Apartment to Hold
JonesTrading analyst Jason Stewart downgrades Preferred Apartment (NYSE:APTS) from Buy to Hold.
Preferred Apartment Q4 EPS $0.24 Down From $0.31 YoY
Preferred Apartment (NYSE:APTS) reported quarterly earnings of $0.24 per share. This is a 22.58 percent decrease over earnings of $0.31 per share from the same period last year.
Earnings Scheduled For February 28, 2022
Companies Reporting Before The Bell
• Lexicon Pharmaceuticals (NASDAQ:LXRX) is estimated to report earnings for its fourth quarter.
Blackstone Pays $5.8B To Acquire Preferred Apartment Communities: What You Need To Know
Blackstone Inc. (NYSE: BX) is acquiring Preferred Apartment Communities Inc. (NYSE: APTS) for $5.8 billion in an all-cash transaction.
Preferred Apartment Communities Confirms It Will Be Acquired By Blackstone Real Estate Income Trust For $25/Share In Cash
All-Cash Transaction For $25 Per Share of Common Stock Valued at Approximately $5.8 Billion
42 Stocks Moving In Thursday’s Mid-Day Session
Gainers
American Rebel Holdings, Inc. (NASDAQ: AREB) shares climbed 63.3% to $3.45 following the company's recent uplisting to the Nasdaq.
Bloomberg Reported Wednesday Preferred Apartment Communities REIT Exploring Options, Including Potential Sale
https://www.bloomberg.com/news/articles/2022-02-09/preferred-apartment-communities-reit-is-said-to-explore-a-sale?sref=WJKVI5nK