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.
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 Ratio10.54
Forward P/E Ratio11.06
P/E Growth1.58
Sales & Book Value
Annual Sales$294.01 million
Price / Sales2.16
Cash Flow$3.7415 per share
Price / Cash4.14
Book Value$33.20 per share
Price / Book0.47
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$635.85 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 declared a quarterly dividend on Monday, November 5th. Stockholders 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 dividend yield of 6.71%. The ex-dividend date is Thursday, December 13th. This is a positive change 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) posted its earnings results on Monday, November, 5th. The real estate investment trust reported $0.28 earnings per share for the quarter, missing analysts' consensus estimates of $0.37 by $0.09. The real estate investment trust had revenue of $104.20 million for the quarter, compared to analyst estimates of $100.95 million. Preferred Apartment Communities had a return on equity of 0.88% and a net margin of 3.29%. The business's 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?
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 1 year price targets for Preferred Apartment Communities' stock. Their forecasts range from $16.00 to $26.00. On average, they expect Preferred Apartment Communities' share price to reach $19.60 in the next twelve months. This suggests a possible upside of 26.5% 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?
Media headlines about APTS stock have trended somewhat positive on Monday, according to InfoTrie Sentiment Analysis. The research group rates the sentiment of press coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Preferred Apartment Communities earned a news impact score of 1.7 on InfoTrie's scale. They also gave news headlines about the real estate investment trust a news buzz of 5.0 out of 10, indicating that recent press coverage is somewhat likely to have an impact on the company's share price in the immediate future.
Who are some of Preferred Apartment Communities' key competitors?
Some companies that are related to Preferred Apartment Communities include Corecivic (CXW), Apollo Commercial Real Est. Finance (ARI), Pebblebrook Hotel Trust (PEB), Brookfield Property Reit (BPR), Colony Credit Real Estate (CLNC), Acadia Realty Trust (AKR), Washington Real Estate Investment Trust (WRE), Potlatchdeltic (PCH), Tanger Factory Outlet Centers (SKT), DiamondRock Hospitality (DRH), Agree Realty (ADC), Retail Opportunity Investments (ROIC), QTS Realty Trust (QTS), Lexington Realty Trust (LXP) and MGM Growth Properties (MGP).
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 a number of of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (8.03%), LSV Asset Management (4.80%), Teachers Advisors LLC (1.76%), JPMorgan Chase & Co. (1.77%), JPMorgan Chase & Co. (1.73%) and Hillcrest Asset Management LLC (1.47%). Company insiders that own Preferred Apartment Communities stock include Daniel M Dupree, John A Williams, Leonard A Silverstein, 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 Renaissance Technologies LLC, Citadel Advisors LLC, Allianz Asset Management GmbH, GSA Capital Partners LLP, Connor Clark & Lunn Investment Management Ltd., Hillcrest Asset Management LLC, BlackRock Inc. and Piermont Capital Management 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 purchased by a variety of institutional investors in the last quarter, including LSV Asset Management, National Asset Management Inc., Bowling Portfolio Management LLC, Cambridge Investment Research Advisors Inc., Monarch Partners Asset Management LLC, Bank of Montreal Can, JPMorgan Chase & Co. and JPMorgan Chase & Co.. 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 $15.49.
How big of a company is Preferred Apartment Communities?
Preferred Apartment Communities has a market capitalization of $635.85 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?
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)
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.
