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Fly News Breaks for March 1, 2018
APTS
Mar 1, 2018 | 06:36 EDT
DA Davidson analyst James Lykins lowered his price target on Preferred Apartment Communities to $18 after the company's Q4 earnings. Lykins remains positive on the REIT's "dizzying acquisition pace" and access to capital that is "unlike peers" however, also pointing to 150bp rise in retail occupancy and 5% increase in same-store NOI last quarter. The analyst keeps his Buy rating on Preferred Apartment Communities.
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