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Fly News Breaks for January 11, 2018
APTS
Jan 11, 2018 | 07:21 EDT
As reported earlier, SunTrust analyst Michael Lewis initiated Preferred Apartment with a Hold rating and a price target of $20. Lewis cites the REIT's positive track record, good management, differentiated capital structure, and an "opportunistic investment strategy among the positives, while also pointing to the stock trading near its highest multiples since the IPO.
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