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NYSE:APTS

Preferred Apartment Communities Stock Forecast, Price & News

$5.83
-0.36 (-5.82 %)
(As of 09/18/2020 03:05 PM ET)
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Today's Range
$5.83
Now: $5.83
$6.19
50-Day Range
$6.28
MA: $6.89
$7.54
52-Week Range
$5.27
Now: $5.83
$14.75
Volume31,989 shs
Average Volume542,497 shs
Market Capitalization$289.30 million
P/E RatioN/A
Dividend Yield11.15%
Beta0.62
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: 2.0Community Rank: 2.8Dividend Strength: 3.3Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.95 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$3.49 per share
Book Value$42.22 per share

Profitability

Net Income$-7,240,000.00

Miscellaneous

EmployeesN/A
Market Cap$289.30 million
Next Earnings Date11/2/2020 (Estimated)
OptionableOptionable
$5.83
-0.36 (-5.82 %)
(As of 09/18/2020 03:05 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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Preferred Apartment Communities (NYSE:APTS) Frequently Asked Questions

How has Preferred Apartment Communities' stock price been impacted by COVID-19?

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 (WHO). Since then, APTS shares have decreased by 35.3% and is now trading at $5.83.
View which stocks have been most impacted by COVID-19
.

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, November 2nd 2020.
View our earnings forecast for Preferred Apartment Communities
.

How were Preferred Apartment Communities' earnings last quarter?

Preferred Apartment Communities Inc. (NYSE:APTS) issued its earnings results on Monday, August, 10th. The real estate investment trust reported ($1.06) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.76) by $0.30. Preferred Apartment Communities had a negative net margin of 39.13% and a negative return on equity of 10.73%.
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 announced a quarterly dividend on Wednesday, August 12th. Investors of record on Tuesday, September 15th will be paid a dividend of $0.175 per share on Thursday, October 15th. This represents a $0.70 dividend on an annualized basis and a yield of 12.01%. The ex-dividend date of this dividend is Monday, September 14th.
View Preferred Apartment Communities' dividend history
.

What price target have analysts set for APTS?

4 equities research analysts have issued 12-month price targets for Preferred Apartment Communities' stock. Their forecasts range from $7.00 to $7.00. On average, they anticipate Preferred Apartment Communities' share price to reach $7.00 in the next year. This suggests a possible upside of 20.1% from the stock's current price.
View analysts' price targets for Preferred Apartment Communities
.

Are investors shorting Preferred Apartment Communities?

Preferred Apartment Communities saw a decline in short interest in the month of August. As of August 14th, there was short interest totaling 1,190,000 shares, a decline of 13.1% from the July 30th total of 1,370,000 shares. Based on an average trading volume of 465,200 shares, the short-interest ratio is currently 2.6 days.
View Preferred Apartment Communities' Short Interest
.

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), Enterprise Products Partners (EPD), Realty Income (O), Coca-Cola (KO), Exxon Mobil (XOM), Stag Industrial (STAG), Verizon Communications (VZ), Bank of America (BAC) and Energy Transfer LP Unit (ET).

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 many different institutional and retail investors. Top institutional investors include Vanguard Group Inc. (9.27%), LSV Asset Management (3.80%), Nuveen Asset Management LLC (3.08%), Charles Schwab Investment Management Inc. (1.29%), Bank of New York Mellon Corp (0.87%) and Cambridge Investment Research Advisors Inc. (0.87%). Company insiders that own Preferred Apartment Communities stock include Daniel M Dupree, Gary B Coursey, Jeffrey R Sprain, Joel T Murphy, John M Cannon, Sara Finley, Steve Bartkowski 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 ICM Asset Management Inc. WA, Nuveen Asset Management LLC, LSV Asset Management, Belpointe Asset Management LLC, Vanguard Group Inc., Neuberger Berman Group LLC, Great West Life Assurance Co. Can, and Asset Management Corp IL ADV.
View insider buying and selling activity for Preferred Apartment Communities
.

Which major investors are buying Preferred Apartment Communities stock?

APTS stock was acquired by a variety of institutional investors in the last quarter, including Charles Schwab Investment Management Inc., Private Advisory Group LLC, AJO LP, UBS Group AG, Intrinsic Edge Capital Management LLC, LDR Capital Management LLC, Nisa Investment Advisors LLC, and Cambridge Investment Research Advisors Inc.. 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 $5.83.

How big of a company is Preferred Apartment Communities?

Preferred Apartment Communities has a market capitalization of $289.30 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 9/18/2020 by MarketBeat.com Staff

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