APTS - Preferred Apartment Communities Stock Price, News & Analysis

$21.72 0.29 (1.35 %)
(As of 11/23/2017 11:43 AM ET)
Previous Close$21.43
Today's Range$21.47 - $21.85
52-Week Range$12.42 - $22.71
Volume350,600 shs
Average Volume298,847 shs
Market Capitalization$709.56 million
P/E Ratio14.99
Dividend Yield4.47%
Beta0.42

About Preferred Apartment Communities (NYSE:APTS)

Preferred Apartment Communities logoPreferred Apartment Communities, Inc. is a real estate investment trust (REIT). The Company is formed to acquire and operate multifamily properties in select targeted markets throughout the United States. It operates through segments, including multifamily communities, real estate related financing, new market properties and office buildings. The multifamily communities segment consists of its portfolio of owned residential multifamily communities. The real estate related financing segment consists of the Company's portfolio of real estate loans, bridge loans, and other instruments deployed by it to partially finance the development, construction, and prestabilization carrying costs of new multifamily communities and other real estate and real estate related assets. The new market properties segment consists of its portfolio of grocery-anchored shopping centers. The office buildings segment consists of its office buildings located in Atlanta, Georgia and Birmingham, Alabama and Texas.


Industry, Sector and Symbol

Industry Residential REITs
Sub-IndustryN/A
SectorFinancials
SymbolNYSE:APTS
CUSIPN/A

Debt

Debt-to-Equity Ratio0.05%
Current Ratio0.07%
Quick Ratio0.07%

Price-To-Earnings

Trailing P/E Ratio14.99
Forward P/E Ratio14.98
P/E Growth2.11

Sales & Book Value

Annual Sales$200.12 million
Price / Sales3.98
Cash Flow$2.86 per share
Price / Cash7.60
Book Value$31.89 per share
Price / Book0.68

Dividend

Annual Dividend$0.94
Dividend Yield4.5%

Profitability

Trailing EPS($1.00)
Net Income$-9,530,000.00
Net Margins10.49%
Return on Equity2.78%
Return on Assets1.08%

Miscellaneous

EmployeesN/A
Outstanding Shares36,690,000

Frequently Asked Questions for Preferred Apartment Communities (NYSE:APTS)

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 Tuesday, October 24th. Shareholders of record on Friday, December 15th will be given a dividend of $0.25 per share on Tuesday, January 16th. This represents a $1.00 annualized dividend and a yield of 4.60%. The ex-dividend date is Thursday, December 14th. This is an increase from Preferred Apartment Communities's previous quarterly dividend of $0.24. 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, October, 30th. The real estate investment trust reported ($0.49) earnings per share (EPS) for the quarter, missing the Thomson Reuters' consensus estimate of ($0.31) by $0.18. The real estate investment trust had revenue of $74.90 million for the quarter, compared to analysts' expectations of $67.86 million. Preferred Apartment Communities had a return on equity of 2.78% and a net margin of 10.49%. View Preferred Apartment Communities' Earnings History.

Where is Preferred Apartment Communities' stock going? Where will Preferred Apartment Communities' stock price be in 2017?

4 brokers have issued twelve-month target prices for Preferred Apartment Communities' stock. Their predictions range from $16.00 to $20.00. On average, they anticipate Preferred Apartment Communities' share price to reach $18.25 in the next twelve months. 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. " (11/3/2017)
  • 2. National Securities analysts commented, "APTS Update: But for APTS’ example, it’s as if the monks of the REIT monastery have prostrated themselves before their icon, and anointed its shareholders with exquisite returns. How so? Take for example of APTS’ near doubling of its balance sheet in 2016, the bulk of which was nearly perfectly timed before the run up in rates, with $500mln of acquisition financing secured at 50bps below where it would be today, essentially contributing an additional $0.11 of FFO per share. APTS’ retail operations are becoming a strong contributor to the earnings story, its NOI contributing 20.7% of the consolidated total in 1Q17. Further, APTS recent asset dispositions have provided among the highest IRR’s we’ve seen in the space, with a healthy 19.1% average annual return realized. On its stated goals of increasing core funds from operations “CFFO” per share of 10% or more per annum and increasing its common stock dividend 10% or more per annum, APTS has continued to deliver with 1Q17 CFFO up 20.61% Q/Q. For 2017 management guided to $1.40 - $1.48 of CFFO per share, for which we’re initially modeling $1.42.
    A differentiator that must be mentioned is APTS’ proactive expansion of its student housing portfolio, a truly unique asset class that will allow APTS to enjoy longer average lease terms, read more profitable, than peers. It will be able to offer persons housing both during their secondary education years and immediately thereafter as those graduates migrate to hot employment hubs around the southeastern US, where APTS has a concentration of assets. We note that APTS has purchase options on some 2,034 units through 12/1/19, 35% of which are exercisable by 10/1/17 and in which each unit holds two beds, both of which pay rent individually.
    We are reiterating our BUY rating on APTS and increasing our $16.00 price target to $20.00 to account for the significant embedded value of the owned real estate and purchase options APTS has yet to exercise and are entitled to.
    " (5/23/2017)

Who are some of Preferred Apartment Communities' key competitors?

Who are Preferred Apartment Communities' key executives?

Preferred Apartment Communities' management team includes the folowing people:

  • John A. Williams, Chairman of the Board, Chief Executive Officer (Age 73)
  • Leonard A. Silverstein, President, Chief Operating Officer, Director (Age 58)
  • Daniel M. DuPree, Vice Chairman of the Board, Chief Investment Officer (Age 70)
  • Michael J. Cronin, Executive Vice President, Chief Accounting Officer, Treasurer (Age 62)
  • William Randolph Forth, Executive Vice President, Chief Asset Management Officer
  • Howard Alex McLure CPA, Lead Independent Director (Age 60)
  • Joel Thomas Murphy, Director (Age 58)
  • Steve J. Bartkowski, Independent Director (Age 64)
  • Gary B. Coursey, Independent Director (Age 77)
  • William J. Gresham Jr., Independent Director (Age 74)

Who owns Preferred Apartment Communities stock?

Preferred Apartment Communities' stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include JPMorgan Chase & Co. (3.25%), Hillcrest Asset Management LLC (1.82%), Schwab Charles Investment Management Inc. (1.12%), Neuberger Berman Group LLC (0.91%), Bank of New York Mellon Corp (0.94%) and Wells Fargo & Company MN (0.60%). Company insiders that own Preferred Apartment Communities stock include Daniel M Dupree, John A Williams, Leonard A Silverstein, Steve Bartkowski and William J Gresham Jr. View Institutional Ownership Trends for Preferred Apartment Communities.

Who sold Preferred Apartment Communities stock? Who is selling Preferred Apartment Communities stock?

Preferred Apartment Communities' stock was sold by a variety of institutional investors in the last quarter, including GSA Capital Partners LLP, OxFORD Asset Management LLP, Russell Investments Group Ltd., ICM Asset Management Inc. WA and Nomura Asset Management Co. Ltd.. Company insiders that have sold Preferred Apartment Communities company stock in the last year include Daniel M Dupree, Steve Bartkowski and William J Gresham Jr. View Insider Buying and Selling for Preferred Apartment Communities.

Who bought Preferred Apartment Communities stock? Who is buying Preferred Apartment Communities stock?

Preferred Apartment Communities' stock was acquired by a variety of institutional investors in the last quarter, including Hillcrest Asset Management LLC, JPMorgan Chase & Co., Schwab Charles Investment Management Inc., Dana Investment Advisors Inc., EAM Investors LLC, Public Employees Retirement System of Ohio, 361 Capital LLC and Nationwide Fund Advisors. Company insiders that have bought Preferred Apartment Communities stock in the last two years include John A Williams, Leonard A Silverstein and Steve Bartkowski. View Insider Buying and Selling for Preferred Apartment Communities.

How do I buy Preferred Apartment Communities stock?

Shares of Preferred Apartment Communities 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 Preferred Apartment Communities stock can currently be purchased for approximately $21.72.

How big of a company is Preferred Apartment Communities?

Preferred Apartment Communities has a market capitalization of $709.56 million and generates $200.12 million in revenue each year. The real estate investment trust earns $-9,530,000.00 in net income (profit) each year or ($1.00) on an earnings per share basis.

How can I contact Preferred Apartment Communities?

Preferred Apartment Communities' mailing address is 3284 Northside Pkwy NW Ste 150, ATLANTA, GA 30327-2282, United States. The real estate investment trust can be reached via phone at +1-770-8184100 or via email at [email protected]


MarketBeat Community Rating for Preferred Apartment Communities (APTS)

Community Ranking:  3.2 out of 5 (star star star)
Outperform Votes:  206 (Vote Outperform)
Underperform Votes:  117 (Vote Underperform)
Total Votes:  323
MarketBeat's community ratings are surveys of what our community members think about Preferred Apartment Communities and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Analysts' Consensus Rating for Preferred Apartment Communities (NYSE:APTS)

  (How are Consensus Ratings Calculated?)
Ratings Breakdown: 0 Sell Ratings, 2 Hold Ratings, 2 Buy Ratings, 0 Strong Buy Ratings
Consensus Rating:Buy (Score: 2.50)
Consensus Price Target: $18.25 (15.98% downside)

Consensus Price Target History for Preferred Apartment Communities (NYSE:APTS)

Price Target History for Preferred Apartment Communities (NYSE:APTS)

Analysts' Ratings History for Preferred Apartment Communities (NYSE:APTS)

Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
11/2/2017B. RileyReiterated RatingNeutral$16.00 -> $17.00N/AView Rating Details
8/10/2017Canaccord GenuitySet Price TargetBuy$17.00 -> $20.00LowView Rating Details
7/11/2017FBR & CoReiterated RatingMarket Perform$16.00HighView Rating Details
5/23/2017National SecuritiesReiterated RatingBuy -> Buy$16.00 -> $20.00LowView Rating Details
11/2/2016WunderlichLower Price TargetBuy$15.50 -> $14.50N/AView Rating Details
8/3/2016Compass PointBoost Price TargetBuy$14.00 -> $16.50N/AView Rating Details
(Data available from 11/23/2015 forward)

Earnings

Earnings History and Estimates Chart for Preferred Apartment Communities (NYSE:APTS)

Earnings by Quarter for Preferred Apartment Communities (NYSE:APTS)

Earnings History by Quarter for Preferred Apartment Communities (NYSE APTS)

DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
10/30/2017Q3 2017($0.31)($0.49)$67.86 million$74.90 millionViewN/AView Earnings Details
7/31/2017Q2 2017$0.36$0.37$63.74 million$70.89 millionViewN/AView Earnings Details
2/27/2017Q416$0.32($0.66)$56.54 million$58.99 millionViewN/AView Earnings Details
8/1/2016Q216$0.31$0.31$45.23 million$45.85 millionViewN/AView Earnings Details
11/2/2015Q315$0.29$0.32$25.31 million$29.96 millionViewN/AView Earnings Details
8/3/2015Q215$0.29$0.27$23.44 million$24.10 millionViewN/AView Earnings Details
5/4/2015Q115$0.32$0.24$750.22 million$21.30 millionViewN/AView Earnings Details
3/9/2015Q414$0.28$0.28$17.20 million$20.00 millionViewN/AView Earnings Details
11/3/2014Q3 2014$0.26$0.26$10.99 million$13.18 millionViewN/AView Earnings Details
3/3/2014Q413$0.22$0.23$9.53 millionViewN/AView Earnings Details
3/11/2013Q412$0.04ViewN/AView Earnings Details
11/5/2012Q312($0.01)ViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for Preferred Apartment Communities (NYSE:APTS)
Current Year EPS Consensus Estimate: $1.45 EPS
Next Year EPS Consensus Estimate: $1.58 EPS

Dividends

Current Dividend Information for Preferred Apartment Communities (NYSE:APTS)

Next Dividend:1/16/2018
Annual Dividend:$0.94
Dividend Yield:4.33%
Dividend Growth:10.20% (3 Year Average)
Payout Ratio:-94.00% (Trailing 12 Months of Earnings)
64.83% (Based on This Year's Estimates)
59.49% (Based on Next Year's Estimates)
Frequency:Quarterly Dividend
Dividend Payments by Quarter for Preferred Apartment Communities (NYSE:APTS)

Dividend History by Quarter for Preferred Apartment Communities (NYSE APTS)

AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
10/24/2017quarterly$0.254.89%12/14/201712/15/20171/16/2018
8/8/2017quarterly$0.245.34%9/14/20179/15/201710/16/2017
4/18/2017quarterly$0.246.55%6/13/20176/15/20177/14/2017
2/3/2017quarterly$0.226.2%3/13/20173/15/20174/14/2017
11/3/2016Quarterly$0.2212/13/201612/15/20161/17/2017
8/5/2016$0.209/13/20169/15/201610/14/2016
5/5/2016$0.206/13/20166/15/20167/15/2016
2/5/2016$0.193/11/20163/15/20164/15/2016
11/6/2015$0.1912/11/201512/15/20151/15/2016
8/6/2015$0.189/11/20159/15/201510/15/2015
4/30/2015quarterly$0.186.51%6/11/20156/15/20157/15/2015
2/6/2015quarterly$0.186.88%3/11/20153/13/20154/15/2015
11/3/2014quarterly$0.188.09%12/11/201412/15/20141/15/2015
8/7/2014quarterly$0.167.31%9/11/20149/15/201410/15/2014
5/8/2014quarterly$0.167.77%6/12/20146/16/20147/15/2014
2/6/2014quarterly$0.167.86%3/12/20143/14/20144/15/2014
11/7/2013quarterly$0.167.84%12/12/201312/16/20131/15/2014
8/9/2013quarterly$0.157.08%9/12/20139/16/201310/15/2013
5/9/2013quarterly$0.156.22%6/24/20136/26/20137/22/2013
2/7/2013quarterly$0.156.41%3/26/20133/28/20134/22/2013
(Data available from 1/1/2013 forward)

Insider Trades

Insider Trading and Institutional Ownership History for Preferred Apartment Communities (NYSE APTS)

Insider Ownership Percentage: 3.11%
Institutional Ownership Percentage: 50.26%
Insider Trades by Quarter for Preferred Apartment Communities (NYSE:APTS)
Institutional Ownership by Quarter for Preferred Apartment Communities (NYSE:APTS)

Insider Trades by Quarter for Preferred Apartment Communities (NYSE APTS)

Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
11/16/2017Daniel M DupreeInsiderSell17,000$21.08$358,360.00View SEC Filing  
11/10/2017John A WilliamsCEOBuy600$20.99$12,594.00View SEC Filing  
11/10/2017Leonard A SilversteinInsiderBuy500$21.01$10,505.00View SEC Filing  
5/31/2017John A WilliamsCEOBuy1,000$15.31$15,310.00View SEC Filing  
5/22/2017John A WilliamsCEOBuy1,150$15.25$17,537.50View SEC Filing  
3/16/2017Daniel M DupreeInsiderSell13,280$12.87$170,913.60View SEC Filing  
3/15/2017Daniel M DupreeInsiderSell10,000$12.53$125,300.00View SEC Filing  
3/10/2017Daniel M DupreeInsiderSell300$13.00$3,900.00View SEC Filing  
12/9/2016William J Gresham JrDirectorSell2,419$14.11$34,132.09View SEC Filing  
11/29/2016Steve BartkowskiDirectorSell4,000$14.13$56,520.00View SEC Filing  
6/20/2016Steve BartkowskiDirectorSell16,045$14.13$226,715.85View SEC Filing  
5/12/2016John A WilliamsCEOBuy1,500$13.77$20,655.00View SEC Filing  
11/25/2015Steve BartkowskiDirectorBuy4,500$10.91$49,095.00View SEC Filing  
9/11/2015Steve BartkowskiDirectorBuy5,000$10.30$51,500.00View SEC Filing  
9/3/2015Daniel M DupreeCIOBuy1,000$10.30$10,300.00View SEC Filing  
9/3/2015Steve BartkowskiDirectorBuy10,000$10.30$103,000.00View SEC Filing  
3/25/2015Michael Joseph CroninInsiderSell16,487$10.61$174,927.07View SEC Filing  
3/18/2015John A WilliamsCEOBuy1,200$10.50$12,600.00View SEC Filing  
12/2/2014Daniel M DupreeCIOBuy8,500$8.67$73,695.00View SEC Filing  
9/16/2014Daniel M DupreeCIOBuy7,500$8.50$63,750.00View SEC Filing  
5/16/2014John A WilliamsCEOBuy1,800$8.30$14,940.00View SEC Filing  
12/5/2013John A WilliamsCEOBuy1,400$7.85$10,990.00View SEC Filing  
8/20/2013Leonard A SilversteinInsiderBuy1,000$8.59$8,590.00View SEC Filing  
8/19/2013John A WilliamsCEOBuy1,300$8.66$11,258.00View SEC Filing  
6/14/2013Leonard A SilversteinInsiderBuy2,400$8.21$19,704.00View SEC Filing  
11/30/2012John A WilliamsCEOBuy1,144$7.97$9,117.68View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Latest Headlines for Preferred Apartment Communities (NYSE APTS)

Source:
DateHeadline
Preferred Apartment Communities (APTS) Reports Acquisition of 180-Unit Multifamily Community in Tampa, FloridaPreferred Apartment Communities (APTS) Reports Acquisition of 180-Unit Multifamily Community in Tampa, Florida
www.streetinsider.com - November 21 at 9:35 PM
Preferred Apartment Communities (APTS) Reports Acquisition of 180-Unit Multifamily Community in Tampa, Florida - StreetInsider.comPreferred Apartment Communities (APTS) Reports Acquisition of 180-Unit Multifamily Community in Tampa, Florida - StreetInsider.com
www.streetinsider.com - November 21 at 9:35 PM
Preferred Apartment Communities, Inc. Announces Acquisition of a 180-Unit Multifamily Community in Tampa, FloridaPreferred Apartment Communities, Inc. Announces Acquisition of a 180-Unit Multifamily Community in Tampa, Florida
finance.yahoo.com - November 21 at 4:32 PM
Zacks: Brokerages Expect Preferred Apartment Communities, Inc. (APTS) Will Announce Earnings of $0.35 Per ShareZacks: Brokerages Expect Preferred Apartment Communities, Inc. (APTS) Will Announce Earnings of $0.35 Per Share
www.americanbankingnews.com - November 21 at 9:22 AM
Insider Selling: Preferred Apartment Communities, Inc. (APTS) Insider Sells 17,000 Shares of StockInsider Selling: Preferred Apartment Communities, Inc. (APTS) Insider Sells 17,000 Shares of Stock
www.americanbankingnews.com - November 20 at 4:24 PM
Head-To-Head Contrast: Preferred Apartment Communities (APTS) versus Its RivalsHead-To-Head Contrast: Preferred Apartment Communities (APTS) versus Its Rivals
www.americanbankingnews.com - November 16 at 3:36 PM
Preferred Apartment Communities, Inc. To Be Added to the MSCI U.S. REIT Index (RMZ)Preferred Apartment Communities, Inc. To Be Added to the MSCI U.S. REIT Index (RMZ)
finance.yahoo.com - November 16 at 11:24 AM
Share Repurchase Program Approved by Preferred Apartment Communities (APTS) Board of Directors Share Repurchase Program Approved by Preferred Apartment Communities (APTS) Board of Directors
www.americanbankingnews.com - November 15 at 11:37 AM
Preferred Apartment Communities reports 1Q resultsPreferred Apartment Communities reports 1Q results
marketbeat.com - May 1 at 5:21 PM
PREFERRED APARTMENT COMMUNITIES INC Files SEC form 8-K, Other Events, Financial Statements and ExhibitsPREFERRED APARTMENT COMMUNITIES INC Files SEC form 8-K, Other Events, Financial Statements and Exhibits
biz.yahoo.com - November 18 at 9:18 PM
PREFERRED APARTMENT COMMUNITIES INC Files SEC form 10-Q, Quarterly ReportPREFERRED APARTMENT COMMUNITIES INC Files SEC form 10-Q, Quarterly Report
biz.yahoo.com - November 7 at 10:04 PM
Preferred Apartment Communities Inc. buys Cobb site for future developmentPreferred Apartment Communities Inc. buys Cobb site for future development
www.bizjournals.com - November 7 at 1:27 PM
Preferred Apartment Communities, Inc. Announces Acquisition of ... - PR Newswire (press release)Preferred Apartment Communities, Inc. Announces Acquisition of ... - PR Newswire (press release)
www.prnewswire.com - November 4 at 8:54 PM
Preferred Apartment Communities, Inc. Increases Quarterly Common Stock Dividend - PR Newswire (press release)Preferred Apartment Communities, Inc. Increases Quarterly Common Stock Dividend - PR Newswire (press release)
www.prnewswire.com - November 3 at 3:24 PM
Preferred Apartment Communities, Inc. Reports Results for Third ... - PR Newswire (press release)Preferred Apartment Communities, Inc. Reports Results for Third ... - PR Newswire (press release)
www.prnewswire.com - November 1 at 8:05 AM
5 Bargain Stocks with Exciting EV/EBITDA Ratios to Buy Now ... - Nasdaq5 Bargain Stocks with Exciting EV/EBITDA Ratios to Buy Now ... - Nasdaq
www.nasdaq.com - October 20 at 3:59 PM
Preferred Apartment Communities, Inc. Announces Acquisition of a Grocery-Anchored Shopping Center - PR Newswire (press release)Preferred Apartment Communities, Inc. Announces Acquisition of a Grocery-Anchored Shopping Center - PR Newswire (press release)
www.prnewswire.com - October 20 at 9:23 AM
Houston shopping center sold as part of Hines REIT liquidation - Houston Business JournalHouston shopping center sold as part of Hines REIT liquidation - Houston Business Journal
www.bizjournals.com - October 20 at 9:23 AM
Are You A Buyer For This High-Yielding Outlier? - Seeking AlphaAre You A Buyer For This High-Yielding Outlier? - Seeking Alpha
seekingalpha.com - October 14 at 12:05 PM

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Chart

Preferred Apartment Communities (NYSE APTS) Chart for Thursday, November, 23, 2017
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This page was last updated on 11/23/2017 by MarketBeat.com Staff

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