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NYSE:APTSPreferred Apartment Communities Stock Price, Forecast & News

$7.26
+0.29 (+4.16 %)
(As of 07/10/2020 04:00 PM ET)
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Today's Range
$6.96
Now: $7.26
$7.28
50-Day Range
$6.99
MA: $7.68
$9.36
52-Week Range
$5.27
Now: $7.26
$15.25
Volume358,900 shs
Average Volume433,942 shs
Market Capitalization$345.43 million
P/E RatioN/A
Dividend Yield10.04%
Beta0.78
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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Beat the Market (BTM) Rank

Analyst Opinion: 3.0Community Rank: 2.8Dividend Strength: 3.3Insider Behavior: 4.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.75 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$3.99 per share
Book Value$42.22 per share

Profitability

Net Income$-7,240,000.00

Miscellaneous

EmployeesN/A
Market Cap$345.43 million
Next Earnings Date8/10/2020 (Confirmed)
OptionableOptionable

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Preferred Apartment Communities (NYSE:APTS) Frequently Asked Questions

How has Preferred Apartment Communities' stock been impacted by COVID-19 (Coronavirus)?

Preferred Apartment Communities' stock was trading at $9.01 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, APTS stock has decreased by 19.4% and is now trading at $7.26. View which stocks have been most impacted by Coronavirus.

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, August 10th 2020. View our earnings forecast for Preferred Apartment Communities.

How can I listen to Preferred Apartment Communities' earnings call?

Preferred Apartment Communities will be holding an earnings conference call on Monday, August 10th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

How were Preferred Apartment Communities' earnings last quarter?

Preferred Apartment Communities Inc. (NYSE:APTS) announced its quarterly earnings data on Monday, May, 11th. The real estate investment trust reported ($4.44) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.76) by $3.68. The real estate investment trust earned $131.10 million during the quarter, compared to analysts' expectations of $125.37 million. Preferred Apartment Communities had a negative net margin of 36.91% and a negative return on equity of 9.83%. 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 declared a quarterly dividend on Monday, May 11th. Stockholders of record on Monday, June 15th will be given a dividend of $0.175 per share on Wednesday, July 15th. This represents a $0.70 annualized dividend and a yield of 9.64%. The ex-dividend date is Friday, June 12th. View Preferred Apartment Communities' dividend history.

What price target have analysts set for APTS?

4 analysts have issued 12 month price objectives for Preferred Apartment Communities' shares. Their forecasts range from $7.00 to $19.00. On average, they expect Preferred Apartment Communities' share price to reach $14.67 in the next twelve months. This suggests a possible upside of 102.0% from the stock's current price. View analysts' price targets for Preferred Apartment Communities.

Has Preferred Apartment Communities been receiving favorable news coverage?

Media headlines about APTS stock have been trending neutral this week, InfoTrie Sentiment reports. The research group rates the sentiment of media coverage by reviewing 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 positive five, with scores closest to five being the most favorable. Preferred Apartment Communities earned a media sentiment score of 0.4 on InfoTrie's scale. They also gave news articles about the real estate investment trust a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an effect on the company's share price in the next few days. View the latest news about 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), Exxon Mobil (XOM), Enterprise Products Partners (EPD), Stag Industrial (STAG), Coca-Cola (KO), Energy Transfer LP Unit (ET), Philip Morris International (PM) and Verizon Communications (VZ).

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 a variety of retail and institutional investors. Top institutional investors include Envestnet Asset Management Inc. (0.08%), Clarus Wealth Advisors (0.06%) and Patriot Financial Group Insurance Agency LLC (0.02%). Company insiders that own Preferred Apartment Communities stock include Daniel M Dupree, Gary B Coursey, Jeffrey R Sprain, Joel T Murphy, John M Cannon, Michael Joseph Cronin, Sara Finley, Steve Bartkowski, Timothy Alan Peterson and William J Gresham Jr. View institutional ownership trends 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 Envestnet Asset Management Inc., Patriot Financial Group Insurance Agency LLC, and Clarus Wealth Advisors. 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 $7.26.

How big of a company is Preferred Apartment Communities?

Preferred Apartment Communities has a market capitalization of $345.43 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 7/12/2020 by MarketBeat.com Staff

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