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NYSE:APTSPreferred Apartment Communities Stock Price, Forecast & News

$7.42
+0.21 (+2.91 %)
(As of 06/3/2020 04:00 PM ET)
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Compare
Today's Range
$7.25
Now: $7.42
$7.53
50-Day Range
$6.11
MA: $7.08
$7.84
52-Week Range
$5.27
Now: $7.42
$16.40
Volume564,200 shs
Average Volume611,743 shs
Market Capitalization$353.08 million
P/E RatioN/A
Dividend Yield14.15%
Beta0.79
Preferred Apartment Communities, Inc. is a Maryland corporation formed primarily to own and operate multifamily properties and, to a lesser extent, own and operate student housing properties, grocery-anchored shopping centers and strategically located, well leased class A office buildings, all in select targeted markets throughout the United States. As part of our business strategy, we may enter into forward purchase contracts or purchase options for to-be-built multifamily communities and we may make real estate related loans, provide deposit arrangements, or provide performance assurances, as may be necessary or appropriate, in connection with the development of multifamily communities. As a secondary strategy, we may acquire or originate senior mortgage loans, subordinate loans or real estate loans secured by interests in multifamily properties, membership or partnership interests in multifamily properties and other multifamily related assets and invest a lesser portion of our assets in other real estate related investments, including other income-producing property types, senior mortgage loans, subordinate loans or real estate loans secured by interests in other income-producing property types, membership or partnership interests in other income-producing property types as determined by our manager as appropriate for us. At March 31, 2019, the Company was the approximate 97.9% owner of Preferred Apartment Communities Operating Partnership, L.P., the Company's operating partnership. Preferred Apartment Communities, Inc. has elected to be taxed as a real estate investment trust under the Internal Revenue Code of 1986, as amended, commencing with its tax year ended December 31, 2011.
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Preferred Apartment Communities logo

Beat the Market (BTM) Rank

Analyst Opinion: 3.0Community Rank: 2.8Dividend Strength: 1.7Insider Behavior: 4.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.54 out of 5 stars


Industry, Sector and Symbol

Industry Real estate investment trusts
Sub-IndustryN/A
SectorFinance
CUSIPN/A
Phone770-818-4100

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$470.43 million
Cash Flow$3.93 per share
Book Value$42.22 per share

Profitability

Net Income$-7,240,000.00

Miscellaneous

EmployeesN/A
Market Cap$353.08 million
Next Earnings Date8/3/2020 (Estimated)
OptionableOptionable

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Preferred Apartment Communities (NYSE:APTS) Frequently Asked Questions

How has Preferred Apartment Communities' stock been impacted by COVID-19 (Coronavirus)?

Preferred Apartment Communities' stock was trading at $9.01 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, APTS shares have decreased by 17.6% and is now trading at $7.42. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Preferred Apartment Communities?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Preferred Apartment Communities in the last year. There are currently 4 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Preferred Apartment Communities.

When is Preferred Apartment Communities' next earnings date?

Preferred Apartment Communities is scheduled to release its next quarterly earnings announcement on Monday, August 3rd 2020. View our earnings forecast for Preferred Apartment Communities.

How were Preferred Apartment Communities' earnings last quarter?

Preferred Apartment Communities Inc. (NYSE:APTS) posted its quarterly earnings data on Monday, May, 11th. The real estate investment trust reported ($4.44) EPS for the quarter, missing the consensus estimate of ($0.76) by $3.68. The real estate investment trust had revenue of $131.10 million for the quarter, compared to analyst estimates of $125.37 million. Preferred Apartment Communities had a negative net margin of 36.91% and a negative return on equity of 9.83%. View Preferred Apartment Communities' earnings history.

How often does Preferred Apartment Communities pay dividends? What is the dividend yield for Preferred Apartment Communities?

Preferred Apartment Communities declared a quarterly dividend on Monday, May 11th. Shareholders of record on Monday, June 15th will be paid a dividend of $0.175 per share on Wednesday, July 15th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 9.43%. The ex-dividend date of this dividend is Friday, June 12th. View Preferred Apartment Communities' dividend history.

What price target have analysts set for APTS?

4 brokers have issued 1-year price objectives for Preferred Apartment Communities' stock. Their forecasts range from $7.00 to $19.00. On average, they expect Preferred Apartment Communities' stock price to reach $14.67 in the next twelve months. This suggests a possible upside of 97.7% from the stock's current price. View analysts' price targets for Preferred Apartment Communities.

Has Preferred Apartment Communities been receiving favorable news coverage?

News articles about APTS stock have trended extremely negative recently, InfoTrie Sentiment reports. InfoTrie ranks the sentiment of news coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Preferred Apartment Communities earned a media sentiment score of -4.0 on InfoTrie's scale. They also gave headlines about the real estate investment trust a news buzz of 6.0 out of 10, indicating that recent news coverage is somewhat likely to have an effect on the company's share price in the next few days. View the latest news aboutPreferred Apartment Communities.

Who are some of Preferred Apartment Communities' key competitors?

What other stocks do shareholders of Preferred Apartment Communities own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Preferred Apartment Communities investors own include AT&T (T), Altria Group (MO), Realty Income (O), Exxon Mobil (XOM), Enterprise Products Partners (EPD), Stag Industrial (STAG), Coca-Cola (KO), Energy Transfer LP Unit (ET), Philip Morris International (PM) and Verizon Communications (VZ).

Who are Preferred Apartment Communities' key executives?

Preferred Apartment Communities' management team includes the following people:
  • Mr. Daniel M. DuPree, Chairman & CEO (Age 72)
  • Mr. Leonard A. Silverstein, Co-Founder, Vice Chairman, Pres & COO (Age 60)
  • Mr. John A. Isakson, CFO & Exec. VP (Age 48)
  • Mr. Michael Joseph Cronin, Exec. VP, Chief Accounting Officer & Treasurer (Age 64)
  • Mr. Jeffrey R. Sprain, Exec. VP, Gen. Counsel & Corp. Sec. (Age 47)

What is Preferred Apartment Communities' stock symbol?

Preferred Apartment Communities trades on the New York Stock Exchange (NYSE) under the ticker symbol "APTS."

Who are Preferred Apartment Communities' major shareholders?

Preferred Apartment Communities' stock is owned by a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (7.39%), Nuveen Asset Management LLC (3.46%), State Street Corp (2.23%), Invesco Ltd. (1.82%), Geode Capital Management LLC (1.37%) and KCM Investment Advisors LLC (0.99%). Company insiders that own Preferred Apartment Communities stock include Daniel M Dupree, Gary B Coursey, Jeffrey R Sprain, Joel T Murphy, John M Cannon, Michael Joseph Cronin, Sara Finley, Steve Bartkowski, Timothy Alan Peterson and William J Gresham Jr. View institutional ownership trends for Preferred Apartment Communities.

Which institutional investors are selling Preferred Apartment Communities stock?

APTS stock was sold by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, BlackRock Inc., National Asset Management Inc., Schnieders Capital Management LLC, Sunbelt Securities Inc., UBS Group AG, KCM Investment Advisors LLC, and Ahrens Investment Partners LLC. View insider buying and selling activity for Preferred Apartment Communities.

Which institutional investors are buying Preferred Apartment Communities stock?

APTS stock was acquired by a variety of institutional investors in the last quarter, including Advisor Group Holdings Inc., Matarin Capital Management LLC, State Street Corp, Thrivent Financial for Lutherans, Ziegler Capital Management LLC, Invesco Ltd., Geode Capital Management LLC, and Pensionfund DSM Netherlands. Company insiders that have bought Preferred Apartment Communities stock in the last two years include Daniel M Dupree, Jeffrey R Sprain, Joel T Murphy, John M Cannon, Sara Finley, and Steve Bartkowski. View insider buying and selling activity for Preferred Apartment Communities.

How do I buy shares of Preferred Apartment Communities?

Shares of APTS can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Preferred Apartment Communities' stock price today?

One share of APTS stock can currently be purchased for approximately $7.42.

How big of a company is Preferred Apartment Communities?

Preferred Apartment Communities has a market capitalization of $353.08 million and generates $470.43 million in revenue each year. The real estate investment trust earns $-7,240,000.00 in net income (profit) each year or $1.37 on an earnings per share basis.

What is Preferred Apartment Communities' official website?

The official website for Preferred Apartment Communities is www.pacapts.com.

How can I contact Preferred Apartment Communities?

Preferred Apartment Communities' mailing address is 3284 NORTHSIDE PARKWAY NW SUITE 150, ATLANTA GA, 30327. The real estate investment trust can be reached via phone at 770-818-4100 or via email at [email protected]

This page was last updated on 6/3/2020 by MarketBeat.com Staff

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