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    JMP Securities reiterated coverage on Preferred Apartment with a new price target

    9/1/21 7:10:17 AM ET
    $APTS
    Real Estate Investment Trusts
    Consumer Services
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    JMP Securities reiterated coverage of Preferred Apartment with a rating of Market Outperform and set a new price target of $15.00 from $11.00 previously
    Get the next $APTS alert in real time by email

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    Recent Analyst Ratings for
    $APTS

    DatePrice TargetRatingAnalyst
    3/2/2022Buy → Hold
    JonesTrading
    9/1/2021$11.00 → $15.00Market Outperform
    JMP Securities
    8/27/2021$11.00 → $13.50Buy
    JonesTrading
    7/9/2021$11.50Buy
    Colliers Securities
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    • Joel Murphy Elected to Crawford & Company® Board of Directors

      Extending Crawford Board to Ten Directors Crawford & Company® (NYSE:CRD) is pleased to announce the appointment of Joel Murphy as an independent director, effective June 25, 2024. Murphy boasts an impressive background with 35 years of experience in national capital markets, real estate acquisition and development, market analysis, board membership and legal expertise. From 2019 to 2022, Murphy served as president, CEO and board chair of Preferred Apartment Communities, Inc. (PAC) (NYSE:APTS). Prior to becoming CEO of PAC, Murphy founded and grew New Market Properties, LLC as a wholly owned subsidiary of PAC and served as president. Currently, he is chief executive officer of Murphy Cap

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    • Blackstone Real Estate Income Trust Completes $5.8 Billion Acquisition of Preferred Apartment Communities, Inc.

      Blackstone (NYSE:BX) and Preferred Apartments Communities, Inc. (NYSE:APTS) ("PAC" or the "Company") today announced that Blackstone Real Estate Income Trust, Inc. ("BREIT") has completed its previously announced acquisition of PAC for $25.00 per share of common stock, without interest, in an all-cash transaction valued at approximately $5.8 billion. The holders of each series of PAC's preferred stock will receive the $1,000 per share liquidation preference for each share of preferred stock plus accrued but unpaid dividends thereon, without interest. As a result of the transaction, PAC's common stock will no longer be listed on any public market. Joel T. Murphy, PAC's Chairman and Chief Ex

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    • NewStar Exchange Announces Acquisition of Newly Constructed Built-to-Rent ("BTR") Community in The Villages, Florida

      ATLANTA, June 21, 2022 /PRNewswire/ -- NewStar Exchange (the "Company") announced today its acquisition of The Residences at Village Park Center, a built-to-rent single family residential community located in The Villages, approximately 55 miles northwest of Orlando, Florida. According to the U.S. Census Bureau, The Villages was the fastest growing U.S. metropolitan area for 2010 – 2019, and it is the largest active adult community in the world, with a total population of more than 130,000 spanning three counties and approximately 33,000 acres. The property is 100% leased and

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