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Preferred Apartment Communities Stock Price, Forecast & Analysis (NYSE:APTS)

$13.44
-0.17 (-1.25 %)
(As of 11/22/2019 02:13 AM ET)
Today's Range
$13.40
Now: $13.44
$13.60
50-Day Range
$12.97
MA: $14.07
$14.61
52-Week Range
$12.81
Now: $13.44
$17.00
Volume177,692 shs
Average Volume279,737 shs
Market Capitalization$615.73 million
P/E Ratio9.53
Dividend Yield7.71%
Beta0.46
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. Read More…

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$397.27 million
Cash Flow$5.13 per share
Book Value$39.21 per share

Profitability

Net Income$43.47 million

Miscellaneous

EmployeesN/A
Market Cap$615.73 million
Next Earnings Date2/24/2020 (Estimated)
OptionableOptionable

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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 declared a quarterly dividend on Thursday, November 7th. Stockholders of record on Friday, December 13th will be paid a dividend of $0.262 per share on Wednesday, January 15th. This represents a $1.05 annualized dividend and a dividend yield of 7.80%. The ex-dividend date is Thursday, December 12th. View Preferred Apartment Communities' Dividend History.

How were Preferred Apartment Communities' earnings last quarter?

Preferred Apartment Communities Inc. (NYSE:APTS) announced its quarterly earnings data on Monday, November, 4th. The real estate investment trust reported ($0.71) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by $1.06. The real estate investment trust had revenue of $120.20 million for the quarter, compared to analysts' expectations of $117.91 million. Preferred Apartment Communities had a return on equity of 1.19% and a net margin of 4.57%. The company's quarterly revenue was up 15.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.28 EPS. 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 24th 2020. View Earnings Estimates for Preferred Apartment Communities.

What price target have analysts set for APTS?

5 brokerages have issued 1 year price targets for Preferred Apartment Communities' stock. Their forecasts range from $18.00 to $19.00. On average, they expect Preferred Apartment Communities' stock price to reach $18.33 in the next twelve months. This suggests a possible upside of 36.4% 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.

What are Wall Street analysts saying about Preferred Apartment Communities stock?

Here are some recent quotes from research analysts about Preferred Apartment Communities stock:
  • 1. According to Zacks Investment Research, "Preferred Apartment Communities, Inc. is a real estate investment trust. The company acquire and operate multifamily properties primarily in the United States. It also acquire senior mortgage loans, subordinate loans or mezzanine debt secured by interests in multifamily properties, membership or partnership interests in multifamily properties and other multifamily assets. Preferred Apartment Communities, Inc. is based in Atlanta, United States. " (11/18/2019)
  • 2. Boenning Scattergood analysts commented, "We are at the bottom end of the range, and our estimate assumes that acquisition activity picks up meaningfully over the balance of the year. In 2018, APTS acquired $1.2 billion of assets, and 2019 looks to fall well short of that measure, at an estimated $915 million. We believe the problem lies in APTS cost of capital under its preferred issuance program, and the pressure on cap rates in multifamily, grocery- anchored retail, and class A office properties. As a minor point, we observe that APTS spent $45k in 1Q19 in expenses related to the potential to internalize functions performed by its manager, which we believe is the first time the company has considered this strategy. At this point, we think internalization is unlikely." (4/30/2019)

Has Preferred Apartment Communities been receiving favorable news coverage?

Headlines about APTS stock have been trending somewhat negative this week, InfoTrie Sentiment Analysis reports. The research group ranks the sentiment of media coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Preferred Apartment Communities earned a media sentiment score of -1.2 on InfoTrie's scale. They also gave media headlines about the real estate investment trust a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the company's share price in the immediate future. View News Stories for Preferred Apartment Communities.

Are investors shorting Preferred Apartment Communities?

Preferred Apartment Communities saw a increase in short interest in October. As of October 15th, there was short interest totalling 2,500,000 shares, an increase of 22.5% from the September 15th total of 2,040,000 shares. Based on an average trading volume of 299,900 shares, the short-interest ratio is currently 8.3 days. Currently, 5.7% of the company's shares are short sold. View Preferred Apartment Communities' Current Options Chain.

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), The Coca-Cola (KO), Realty Income (O), Exxon Mobil (XOM), Enterprise Products Partners (EPD), Bank of America (BAC), Stag Industrial (STAG), Ford Motor (F) and Philip Morris International (PM).

Who are Preferred Apartment Communities' key executives?

Preferred Apartment Communities' management team includes the folowing 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)

Who are Preferred Apartment Communities' major shareholders?

Preferred Apartment Communities' stock is owned by a number of of institutional and retail investors. Top institutional investors include Hillcrest Asset Management LLC (1.80%), State of New Jersey Common Pension Fund D (1.21%), ICM Asset Management Inc. WA (0.54%), LDR Capital Management LLC (0.53%), Hancock Whitney Corp (0.49%) and Atlantic Union Bankshares Corp (0.39%). Company insiders that own Preferred Apartment Communities stock include Daniel M Dupree, Gary B Coursey, John A Williams, Michael Joseph Cronin, Steve Bartkowski, Timothy Alan Peterson and William J Gresham Jr. View Institutional Ownership Trends for Preferred Apartment Communities.

Which major investors are selling Preferred Apartment Communities stock?

APTS stock was sold by a variety of institutional investors in the last quarter, including Hancock Whitney Corp, LDR Capital Management LLC, Hillcrest Asset Management LLC, Cetera Advisors LLC, State of Alaska Department of Revenue, First Allied Advisory Services Inc., Monarch Partners Asset Management LLC and Clarus Wealth Advisors. Company insiders that have sold Preferred Apartment Communities company stock in the last year include Gary B Coursey and William J Gresham Jr. View Insider Buying and Selling for Preferred Apartment Communities.

Which major investors are buying Preferred Apartment Communities stock?

APTS stock was bought by a variety of institutional investors in the last quarter, including State of New Jersey Common Pension Fund D, Boston Advisors LLC, Naples Global Advisors LLC, BB&T Securities LLC, Cetera Investment Advisers, California Public Employees Retirement System, Concorde Asset Management LLC and Sumitomo Mitsui Trust Holdings Inc.. Company insiders that have bought Preferred Apartment Communities stock in the last two years include Daniel M Dupree, John A Williams and Steve Bartkowski. 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, Robinhood, Fidelity and Charles Schwab.

What is Preferred Apartment Communities' stock price today?

One share of APTS stock can currently be purchased for approximately $13.44.

How big of a company is Preferred Apartment Communities?

Preferred Apartment Communities has a market capitalization of $615.73 million and generates $397.27 million in revenue each year. The real estate investment trust earns $43.47 million in net income (profit) each year or $1.41 on an earnings per share basis. View Additional Information About Preferred Apartment Communities.

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:  312 (Thanks for Voting!)
Underperform Votes:  235 (Thanks for Voting!)
Total Votes:  547
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 11/22/2019 by MarketBeat.com Staff

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