5 Stocks Under $30 to Invest in According to Bruce Kovner’s Caxton Associates

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

Caxton Associate’s Stake Value: $1.5 million

Percentage of Caxton Associates’s 13F Portfolio: 0.15%

Number of Hedge Fund Investors: 11

Stock Price as of May 17, 2022: $24.87

Preferred Apartment Communities, Inc. (NYSE:APTS) is a real estate investment trust (REIT) headquartered in Atlanta, Georgia. The firm is involved in operating family properties, grocery shopping centers, and student housing.

Mr. Kovner’s investment firm owned a $1.5 million stake in Preferred Apartment Communities, Inc. (NYSE:APTS) as 2021’s December quarter ended. This was in the form of 83,557 shares. Insider Monkey’s Q4 2021 research covering 924 hedge fund holdings outlined that 11 had bought a stake in the REIT.

Preferred Apartment Communities, Inc. (NYSE:APTS) raked in $52 million in revenue for an 11.9% annual growth during its fiscal first quarter. Truist raised its price target to $25 from $17 in March 2022 as it stated that a transaction should gain shareholder approval soon.

Preferred Apartment Communities, Inc. (NYSE:APTS)’s largest investor is Charles Fitzgerald’s V3 Capital which owns 695,650 shares that are worth $12.5 million.