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Preferred Apt. Communities (NASDAQ:APTS) announced a quarterly dividend on Thursday, February 6th, Analyst Ratings Network reports. Stockholders of record on Friday, March 14th will be paid a dividend of 0.16 per share on Tuesday, April 15th. This represents a $0.64 annualized dividend and a dividend yield of 7.95%.

On a related note, analysts at Oppenheimer initiated coverage on shares of Preferred Apt. Communities in a research note to investors on Monday, January 27th. They set an “outperform” rating on the stock.

Shares of Preferred Apt. Communities (NASDAQ:APTS) traded up 0.75% during mid-day trading on Thursday, hitting $8.06. 27,603 shares of the company’s stock traded hands. Preferred Apt. Communities has a 1-year low of $7.62 and a 1-year high of $10.05. The stock has a 50-day moving average of $8. and a 200-day moving average of $8.1.

Preferred Apartment Communities, Inc, incorporated on September 18, 2009, is formed to acquire multifamily properties in select targeted markets throughout the United States.

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