Preferred Apartment Communities (APTS) Tops Q4 EPS by 3c

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Compass Point Downgrades Preferred Apartment Communities (APTS) to Neutral

March 9, 2016 7:47 AM EST

Compass Point downgraded Preferred Apartment Communities (NYSE: APTS) from Buy to Neutral with a price target of $12.00 (from $12.50).

Analyst Ken Billingsley commented, "We are downgrading APTS to Neutral from Buy and lowering our price target to $12.00 from $12.50. APTS reported 4Q15 AFFO per share... More