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

$13.03
-0.21 (-1.59 %)
(As of 12/15/2019 03:37 PM ET)
Today's Range
$12.91
Now: $13.03
$13.18
50-Day Range
$12.97
MA: $13.73
$14.57
52-Week Range
$12.81
Now: $13.03
$17.00
Volume433,392 shs
Average Volume230,249 shs
Market Capitalization$596.90 million
P/E Ratio9.24
Dividend Yield7.93%
Beta0.43
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$5.11 per share
Book Value$39.21 per share

Profitability

Net Income$43.47 million

Miscellaneous

EmployeesN/A
Market Cap$596.90 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 8.04%. The ex-dividend date of this dividend is Thursday, December 12th. View Preferred Apartment Communities' Dividend History.

How were Preferred Apartment Communities' earnings last quarter?

Preferred Apartment Communities Inc. (NYSE:APTS) posted its earnings results on Monday, November, 4th. The real estate investment trust reported ($0.71) earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.35 by $1.06. The real estate investment trust had revenue of $120.20 million for the quarter, compared to the consensus estimate of $117.91 million. Preferred Apartment Communities had a net margin of 4.57% and a return on equity of 1.19%. Preferred Apartment Communities's revenue for the quarter was up 15.4% on a year-over-year basis. During the same quarter last year, the company posted $0.28 earnings per share. 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?

4 equities research analysts have issued 1 year price objectives 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 $18.50 in the next year. This suggests a possible upside of 42.0% from the stock's current price. View Analyst Price Targets for Preferred Apartment Communities.

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

4 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 2 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?

News coverage about APTS stock has been trending somewhat negative on Sunday, according to InfoTrie Sentiment. InfoTrie scores the sentiment of news coverage by analyzing 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 -1.9 on InfoTrie's scale. They also assigned news articles about the real estate investment trust a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the stock's share price in the next few days. View News Stories for Preferred 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), The Coca-Cola (KO), Exxon Mobil (XOM), Enterprise Products Partners (EPD), Bank of America (BAC), Stag Industrial (STAG), Kimco Realty (KIM) 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 variety of of retail and institutional investors. Top institutional shareholders include State Street Corp (1.98%), Hillcrest Asset Management LLC (1.80%), State of New Jersey Common Pension Fund D (1.21%), KCM Investment Advisors LLC (1.12%), ICM Asset Management Inc. WA (0.54%) and LDR Capital Management LLC (0.53%). Company insiders that own Preferred Apartment Communities stock include Daniel M Dupree, Gary B Coursey, Michael Joseph Cronin, 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 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. View Insider Buying and Selling for Preferred Apartment Communities.

Which institutional investors are buying Preferred Apartment Communities stock?

APTS stock was bought by a variety of institutional investors in the last quarter, including Sunbelt Securities Inc., State of New Jersey Common Pension Fund D, Boston Advisors LLC, KCM Investment Advisors LLC, State Street Corp, Naples Global Advisors LLC, BB&T Securities LLC and Cetera Investment Advisers. Company insiders that have bought Preferred Apartment Communities stock in the last two years include Daniel M Dupree 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 $13.03.

How big of a company is Preferred Apartment Communities?

Preferred Apartment Communities has a market capitalization of $596.90 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:  317 (Vote Outperform)
Underperform Votes:  238 (Vote Underperform)
Total Votes:  555
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 12/15/2019 by MarketBeat.com Staff

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