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 September 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
Industry Real estate investment trusts
Sub-IndustryN/A
SectorFinance
Phone770-818-4100
Debt
Current Ratio0.06
Quick Ratio0.06
Price-To-Earnings
Sales & Book Value
Annual Sales$294.01 million
Price / Sales2.36
Price / Cash Flow4.42
Price / Book0.51
Profitability
Net Income$27.68 million
Net Margins3.29%
Return on Assets0.33%
Miscellaneous
EmployeesN/A
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 6.18%. The ex-dividend date of this dividend 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) released its quarterly earnings data on Monday, November, 5th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of $0.37 by $0.09. The real estate investment trust had revenue of $104.20 million for 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 revenue for the quarter was up 39.1% compared to the same quarter last year. 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 issued an update on its FY18 earnings guidance on Monday, November, 5th. The company provided earnings per share guidance of $1.39-1.42 for the period, compared to the Thomson Reuters consensus 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 Wall Street analysts have issued 1 year price targets for Preferred Apartment Communities' stock. 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 6.9% 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?
News headlines about APTS stock have been trending somewhat negative recently, according to InfoTrie. The research group identifies negative and positive media coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Preferred Apartment Communities earned a news sentiment score of -1.6 on InfoTrie's scale. They also assigned media coverage about the real estate investment trust a news buzz of 10.0 out of 10, indicating that recent media coverage is extremely likely to have an effect on the stock's share price in the near term.
Who are some of Preferred Apartment Communities' key competitors?
Some companies that are related to Preferred Apartment Communities include The GEO Group (GEO), Empire State Realty Trust (ESRT), Retail Properties of America (RPAI), Corporate Office Properties Trust (OFC), Brandywine Realty Trust (BDN), Columbia Property Trust (CXP), Apollo Commercial Real Est. Finance (ARI), Great Portland Estates (GPEAF), Corecivic (CXW), Brookfield Property Reit (BPR), Pebblebrook Hotel Trust (PEB), Potlatchdeltic (PCH), Acadia Realty Trust (AKR), Agree Realty (ADC) and Colony Credit Real Estate (CLNC).
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. Michael Joseph Cronin, Exec. VP, Chief Accounting Officer & Treasurer (Age 64)
- Mr. Joel T. Murphy J.D., CEO & Pres of New Market Properties LLC (Age 60)
- Mr. John A. Isakson, CFO & Exec. VP (Age 48)
Who are Preferred Apartment Communities' major shareholders?
Preferred Apartment Communities' stock is owned by a variety of of retail and institutional investors. Top institutional investors include Boston Advisors LLC (0.18%), Clarus Wealth Advisors (0.11%) and Pensionfund Sabic (0.07%). 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 major investors are selling Preferred Apartment Communities stock?
APTS stock was sold by a variety of institutional investors in the last quarter, including Boston Advisors LLC. 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 major investors are buying Preferred Apartment Communities stock?
APTS stock was purchased by a variety of institutional investors in the last quarter, including Pensionfund Sabic and Clarus Wealth Advisors. 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 $16.84.
How big of a company is Preferred Apartment Communities?
Preferred Apartment Communities has a market capitalization of $679.36 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.
