NYSE:APTS - Preferred Apartment Communities Stock Price, News, & Analysis

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$14.75 -0.10 (-0.67 %)
(As of 12/16/2018 04:00 PM ET)
Previous Close$14.75
Today's Range$14.68 - $15.08
52-Week Range$13.60 - $21.53
Volume181,228 shs
Average Volume213,510 shs
Market Capitalization$605.47 million
P/E Ratio10.03
Dividend Yield7.05%
Beta0.4
Preferred Apartment Communities, Inc. (NYSE: APTS), or the Company, is a Maryland corporation formed primarily to acquire and operate multifamily properties 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 and other properties. 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 or membership or partnership interests in other income-producing property types as determined by Preferred Apartment Advisors, LLC, or our Manager, as appropriate for us. At June 30, 2018, the Company was the approximate 97.4% owner of Preferred Apartment Communities Operating Partnership, L.P., or the Operating Partnership. We elected to be taxed as a real estate investment trust under the Internal Revenue Code of 1986, as amended, commencing with our tax year ended December 31, 2011.

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Industry, Sector and Symbol

Stock Exchange NYSE
Industry Real estate investment trusts
Sub-IndustryN/A
SectorFinance
Current SymbolNYSE:APTS
Previous Symbol
CUSIPN/A
Phone770-818-4100

Debt

Debt-to-Equity Ratio0.04
Current Ratio0.06
Quick Ratio0.06

Price-To-Earnings

Trailing P/E Ratio10.03
Forward P/E Ratio10.61
P/E Growth1.51

Sales & Book Value

Annual Sales$294.01 million
Price / Sales2.06
Cash Flow$3.7437 per share
Price / Cash Flow3.94
Book Value$33.20 per share
Price / Book0.44

Profitability

EPS (Most Recent Fiscal Year)$1.47
Net Income$27.68 million
Net Margins3.29%
Return on Equity0.88%
Return on Assets0.33%

Miscellaneous

EmployeesN/A
Outstanding Shares41,050,000
Market Cap$605.47 million
OptionableOptionable

Preferred Apartment Communities (NYSE:APTS) Frequently Asked Questions

What is Preferred Apartment Communities' stock symbol?

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

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

Preferred Apartment Communities announced a quarterly dividend on Monday, November 5th. Investors of record on Friday, December 14th will be paid a dividend of $0.26 per share on Tuesday, January 15th. This represents a $1.04 annualized dividend and a yield of 7.05%. The ex-dividend date of this dividend is Thursday, December 13th. This is a boost from Preferred Apartment Communities's previous quarterly dividend of $0.26. View Preferred Apartment Communities' Dividend History.

How were Preferred Apartment Communities' earnings last quarter?

Preferred Apartment Communities Inc. (NYSE:APTS) released its earnings results on Monday, November, 5th. The real estate investment trust reported $0.28 EPS for the quarter, missing analysts' consensus estimates of $0.37 by $0.09. The real estate investment trust earned $104.20 million during the quarter, compared to the consensus estimate of $100.95 million. Preferred Apartment Communities had a net margin of 3.29% and a return on equity of 0.88%. Preferred Apartment Communities's quarterly revenue was up 39.1% on a year-over-year basis. View Preferred Apartment Communities' Earnings History.

When is Preferred Apartment Communities' next earnings date?

Preferred Apartment Communities is scheduled to release their next quarterly earnings announcement on Monday, February 25th 2019. View Earnings Estimates for Preferred Apartment Communities.

What guidance has Preferred Apartment Communities issued on next quarter's earnings?

Preferred Apartment Communities updated its FY18 earnings guidance on Monday, November, 5th. The company provided earnings per share (EPS) guidance of $1.39-1.42 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.49. Preferred Apartment Communities also updated its FY 2018 guidance to $1.39-1.42 EPS.

What price target have analysts set for APTS?

5 brokerages have issued 12 month target prices for Preferred Apartment Communities' shares. Their predictions range from $16.00 to $22.00. On average, they anticipate Preferred Apartment Communities' share price to reach $18.00 in the next twelve months. This suggests a possible upside of 22.0% from the stock's current price. View Analyst Price Targets for Preferred Apartment Communities.

What is the consensus analysts' recommendation for Preferred Apartment Communities?

5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Preferred Apartment Communities in the last year. There are currently 2 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Preferred Apartment Communities.

Has Preferred Apartment Communities been receiving favorable news coverage?

Press coverage about APTS stock has trended somewhat positive on Sunday, according to InfoTrie. The research group ranks the sentiment of news coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Preferred Apartment Communities earned a news impact score of 1.0 on InfoTrie's scale. They also gave media headlines about the real estate investment trust a news buzz of 4.0 out of 10, indicating that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the near term.

Who are some of Preferred Apartment Communities' key competitors?

Who are Preferred Apartment Communities' key executives?

Preferred Apartment Communities' management team includes the folowing people:
  • Mr. Daniel M. DuPree, Chairman & CEO (Age 71)
  • Mr. John A. Williams, Chairman & CEO (Age 75)
  • Mr. Leonard A. Silverstein, Co-Founder, Vice Chairman, Pres & COO (Age 59)
  • Mr. Michael Joseph Cronin, Exec. VP, Chief Accounting Officer & Treasurer (Age 63)
  • Mr. Joel T. Murphy J.D., CEO & Pres of New Market Properties LLC (Age 59)

Who are Preferred Apartment Communities' major shareholders?

Preferred Apartment Communities' stock is owned by many different of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (9.67%), Vanguard Group Inc (9.67%), BlackRock Inc. (8.03%), LSV Asset Management (4.80%), Teachers Advisors LLC (1.76%) and JPMorgan Chase & Co. (1.77%). Company insiders that own Preferred Apartment Communities stock include Daniel M Dupree, John A Williams, Leonard A Silverstein, Michael Joseph Cronin, 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 Renaissance Technologies LLC, Citadel Advisors LLC, Morgan Stanley, Allianz Asset Management GmbH, GSA Capital Partners LLP, Connor Clark & Lunn Investment Management Ltd., Hillcrest Asset Management LLC and BlackRock Inc.. Company insiders that have sold Preferred Apartment Communities company stock in the last year include Michael Joseph Cronin, Timothy Alan Peterson and William J Gresham Jr. View Insider Buying and Selling 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 Vanguard Group Inc, Vanguard Group Inc., LSV Asset Management, National Asset Management Inc., Bowling Portfolio Management LLC, Cambridge Investment Research Advisors Inc., Monarch Partners Asset Management LLC and Bank of Montreal Can. Company insiders that have bought Preferred Apartment Communities stock in the last two years include Daniel M Dupree, John A Williams and Leonard A Silverstein. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.

What is Preferred Apartment Communities' stock price today?

One share of APTS stock can currently be purchased for approximately $14.75.

How big of a company is Preferred Apartment Communities?

Preferred Apartment Communities has a market capitalization of $605.47 million and generates $294.01 million in revenue each year. The real estate investment trust earns $27.68 million in net income (profit) each year or $1.47 on an earnings per share basis.

What is Preferred Apartment Communities' official website?

The official website for Preferred Apartment Communities is http://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]


MarketBeat Community Rating for Preferred Apartment Communities (NYSE APTS)

Community Ranking:  2.9 out of 5 (star star)
Outperform Votes:  263 (Vote Outperform)
Underperform Votes:  194 (Vote Underperform)
Total Votes:  457
MarketBeat's community ratings are surveys of what our community members think about Preferred Apartment Communities and other stocks. Vote "Outperform" if you believe APTS will outperform the S&P 500 over the long term. Vote "Underperform" if you believe APTS will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 12/16/2018 by MarketBeat.com Staff

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