Salient Capital Advisors Upped By $24.07 Million Its Targa Res (TRGP) Position; Preferred Apartment Communities, Inc. (APTS) Covered By 6 Bullish Analysts Last Week

June 14, 2018 - By Clifton Ray

Preferred Apartment Communities, Inc. (NYSE:APTS) Logo

Salient Capital Advisors Llc increased Targa Res Corp (TRGP) stake by 13.05% reported in 2018Q1 SEC filing. Salient Capital Advisors Llc acquired 547,032 shares as Targa Res Corp (TRGP)’s stock declined 0.85%. The Salient Capital Advisors Llc holds 4.74 million shares with $208.55 million value, up from 4.19 million last quarter. Targa Res Corp now has $10.68B valuation. The stock increased 1.49% or $0.72 during the last trading session, reaching $48.65. About 727,760 shares traded. Targa Resources Corp. (NYSE:TRGP) has declined 3.47% since June 14, 2017 and is downtrending. It has underperformed by 16.04% the S&P500. Some Historical TRGP News: ; 03/05/2018 – TARGA RESOURCES CORP – QTRLY TOTAL REVENUES $2,455.6 MLN VS $2,112.6 MLN; 19/04/2018 – DJ Targa Resources Corp, Inst Holders, 1Q 2018 (TRGP); 23/05/2018 – SNMP, TARGA MERGE 50% STAKES IN LINE/SITE FOR CARNERO JV; 05/04/2018 – TARGA RESOURCES PARTNERS- AMOUNT OF OFFERING WAS INCREASED FROM PREVIOUSLY ANNOUNCED OFFERING SIZE OF $750.0 MLN; 10/04/2018 – Targa Resources Closes Above 200-Day Moving Average: Technicals; 17/05/2018 – Targa Resources 10.3% Owned by Hedge Funds; 03/05/2018 – TARGA RESOURCES 1Q ADJ EBITDA $306.6M, EST. $311.2M; 09/03/2018 TARGA RESOURCES CORP TRGP.N : UBS RAISES TARGET PRICE TO $59 FROM $58; 27/03/2018 – TARGA RESOURCES- TOTAL NET GROWTH CAPEX RELATED TO FALCON AND PEREGRINE PLANTS,PIPELINE SYSTEM IS ABOUT $500 MLN ; ABOUT $200 MLN EXPECTED TO BE SPENT IN 2018; 03/05/2018 – TARGA RESOURCES 1Q REV. $2.46B, EST. $2.45B

Among 9 analysts covering Preferred Apt. Communities (NYSE:APTS), 6 have Buy rating, 0 Sell and 3 Hold. Therefore 67% are positive. Preferred Apt. Communities had 24 analyst reports since July 23, 2015 according to SRatingsIntel. FBR Capital maintained Preferred Apartment Communities, Inc. (NYSE:APTS) rating on Tuesday, April 17. FBR Capital has “Hold” rating and $1600 target. Wunderlich maintained the stock with “Buy” rating in Wednesday, November 2 report. On Friday, September 18 the stock rating was initiated by DA Davidson with “Buy”. B. Riley & Co maintained the shares of APTS in report on Wednesday, February 28 with “Neutral” rating. The rating was initiated by FBR Capital with “Outperform” on Tuesday, September 1. On Thursday, November 5 the stock rating was maintained by Compass Point with “Buy”. FBR Capital maintained it with “Outperform” rating and $16 target in Tuesday, May 10 report. The firm has “Hold” rating given on Thursday, January 25 by FBR Capital. Wunderlich maintained the stock with “Buy” rating in Wednesday, March 9 report. Canaccord Genuity initiated Preferred Apartment Communities, Inc. (NYSE:APTS) on Thursday, July 23 with “Buy” rating. See Preferred Apartment Communities, Inc. (NYSE:APTS) latest ratings:

17/04/2018 Broker: FBR Capital Rating: Hold New Target: $16.0000 Maintain
06/03/2018 Broker: National Securities Rating: Buy New Target: $26.0
01/03/2018 Broker: DA Davidson Rating: Buy New Target: $18.0
28/02/2018 Broker: B. Riley & Co Rating: Neutral Old Target: $17 New Target: $16 Maintain
25/01/2018 Broker: FBR Capital Rating: Hold New Target: $17.0 Maintain
11/01/2018 Broker: SunTrust Rating: Hold New Target: $20 Initiates Coverage On

Since March 6, 2018, it had 3 insider purchases, and 0 selling transactions for $20,790 activity. $6,930 worth of stock was bought by WILLIAMS JOHN A on Tuesday, March 6. 500 shares valued at $6,930 were bought by DUPREE DANIEL M on Tuesday, March 6. SILVERSTEIN LEONARD A bought $6,930 worth of stock or 500 shares.

The stock increased 0.44% or $0.06 during the last trading session, reaching $14.79. About 213,082 shares traded. Preferred Apartment Communities, Inc. (NYSE:APTS) has declined 6.27% since June 14, 2017 and is downtrending. It has underperformed by 18.84% the S&P500. Some Historical APTS News: ; 30/04/2018 – Preferred Apartment Communities, Inc. Announces Acquisition of Two Grocery-Anchored Shopping Centers Through its Wholly-Owned S; 30/04/2018 – Preferred Apartment 1Q Rev $90.4M; 20/03/2018 – Preferred Apartment Communities, Inc. Completes Sale of Multifamily Community for Approximately $43.45 M; 16/04/2018 – PREFERRED APARTMENT COMMUNITIES INC – LEONARD SILVERSTEIN APPOINTED VICE-CHAIRMAN OF BOARD, WILL CONTINUE AS PRESIDENT AND COO; 20/03/2018 – Preferred Apartment Communities, Inc. Completes Sale of Multifamily Community for Approximately $43.45 Million; 10/05/2018 – Preferred Apartment Communities, Inc. Announces Acquisition Of A Student Housing Community In College Station, Texas; 30/04/2018 – Research Report Identifies Albany International, JBG SMITH Properties, Preferred Apartment Communities, National Western Life G; 30/04/2018 – Preferred Apartment Raises Dividend to 25.5c Vs. 25c; 07/03/2018 Preferred Apartment Communities, Inc. Recognized as one of Atlanta’s Best Places to Work in 2018; 16/04/2018 – Preferred Apartment Communities, Inc. Announces Sudden Passing of Co-Founder, Chairman and CEO, John A. Williams

Preferred Apartment Communities, Inc. is a real estate investment trust externally managed by Preferred Apartment Advisors, LLC. The company has market cap of $595.73 million. The firm invests in real estate markets of the United States. It currently has negative earnings. It primarily acquires and operates multifamily apartment properties.

Investors sentiment increased to 2 in 2018 Q1. Its up 0.67, from 1.33 in 2017Q4. It improved, as 20 investors sold Preferred Apartment Communities, Inc. shares while 27 reduced holdings. 31 funds opened positions while 63 raised stakes. 21.51 million shares or 3.55% less from 22.30 million shares in 2017Q4 were reported. 335,269 are owned by Neuberger Berman Grp Ltd Limited Liability Company. Private Advisor Group Limited Company holds 0.01% of its portfolio in Preferred Apartment Communities, Inc. (NYSE:APTS) for 10,679 shares. Us State Bank De accumulated 0% or 9,690 shares. 510 were reported by Farmers & Merchants Invests. Deutsche Bank Ag holds 70,662 shares. Amundi Pioneer Asset Management Inc invested 0% of its portfolio in Preferred Apartment Communities, Inc. (NYSE:APTS). Schroder Inv Mgmt owns 12,042 shares for 0% of their portfolio. Raymond James Service Advsrs Inc owns 24,518 shares. Asset owns 22,700 shares. Envestnet Asset Management accumulated 11,779 shares or 0% of the stock. Ny State Common Retirement Fund, New York-based fund reported 38,400 shares. Schnieders Cap Mngmt Ltd reported 1.54% stake. Macquarie Gru Ltd invested in 0% or 33,100 shares. Daiwa Secs Gru has invested 0% in Preferred Apartment Communities, Inc. (NYSE:APTS). Los Angeles Cap Management & Equity Rech invested in 0% or 28,580 shares.

Among 19 analysts covering Targa Resources (NYSE:TRGP), 11 have Buy rating, 0 Sell and 8 Hold. Therefore 58% are positive. Targa Resources had 92 analyst reports since August 5, 2015 according to SRatingsIntel. On Tuesday, February 6 the stock rating was maintained by Citigroup with “Buy”. Barclays Capital downgraded the shares of TRGP in report on Tuesday, June 12 to “Equal-Weight” rating. The firm has “Buy” rating given on Monday, November 20 by Stifel Nicolaus. On Tuesday, October 17 the stock rating was downgraded by Goldman Sachs to “Hold”. The firm earned “Buy” rating on Thursday, March 30 by Deutsche Bank. The stock of Targa Resources Corp. (NYSE:TRGP) earned “Buy” rating by Citigroup on Monday, March 14. Seaport Global maintained the stock with “Buy” rating in Tuesday, April 24 report. The stock has “Outperform” rating by Evercore on Tuesday, March 7. The firm has “Hold” rating given on Thursday, September 29 by Stifel Nicolaus. Robert W. Baird maintained Targa Resources Corp. (NYSE:TRGP) rating on Monday, April 23. Robert W. Baird has “Buy” rating and $5800 target.

Investors sentiment increased to 1.33 in Q1 2018. Its up 0.28, from 1.05 in 2017Q4. It increased, as 31 investors sold TRGP shares while 105 reduced holdings. 56 funds opened positions while 125 raised stakes. 202.60 million shares or 4.63% more from 193.64 million shares in 2017Q4 were reported. Brown Advisory holds 0% of its portfolio in Targa Resources Corp. (NYSE:TRGP) for 18,438 shares. Services Automobile Association holds 33,793 shares or 0% of its portfolio. 362,619 are owned by Asset One Ltd. 545,942 are held by Balyasny Asset Limited Company. Parkwood Ltd Co has 10,276 shares. Cv Starr And Communication Trust invested in 189,100 shares or 3.97% of the stock. Williams Jones Associate Limited Liability invested 0.03% of its portfolio in Targa Resources Corp. (NYSE:TRGP). Hodges Capital Mgmt reported 9,235 shares. Salient Co Lta owns 12,480 shares. Asset Mgmt holds 0% in Targa Resources Corp. (NYSE:TRGP) or 123 shares. Tiaa Cref Investment Mgmt Limited Liability Co reported 575,456 shares stake. Blackstone Group LP owns 258,302 shares. Hsbc Public Limited Company reported 29,722 shares stake. Novare holds 0.45% of its portfolio in Targa Resources Corp. (NYSE:TRGP) for 57,905 shares. Commonwealth Of Pennsylvania Public School Empls Retrmt stated it has 1.18% in Targa Resources Corp. (NYSE:TRGP).

More recent Targa Resources Corp. (NYSE:TRGP) news were published by: Benzinga.com which released: “Barclays Downgrades Targa, DCP Midstream On Decelerating Permian Volumes; Enable Midstream Upgraded” on June 12, 2018. Also Fool.com published the news titled: “Energy Investors Are Overlooking Kinder Morgan’s Huge Growth Opportunity” on June 11, 2018. Benzinga.com‘s news article titled: “Benzinga’s Top Upgrades, Downgrades For June 12, 2018” with publication date: June 12, 2018 was also an interesting one.

Salient Capital Advisors Llc decreased Semgroup Corp (NYSE:SEMG) stake by 223,679 shares to 2.87 million valued at $61.32 million in 2018Q1. It also reduced Jpmorgan Chase Co (AMJ) stake by 150,586 shares and now owns 35,910 shares. Nrg Yield Inc was reduced too.

Preferred Apartment Communities, Inc. (NYSE:APTS) Institutional Positions Chart

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