NYSE:APTS - Preferred Apartment Communities Stock Price, Forecast & News

Preferred Apartment Communities trades on the New York Stock Exchange (NYSE) under the ticker symbol "APTS."

Preferred Apartment Communities announced a quarterly dividend on Thursday, February 20th. Shareholders of record on Friday, March 13th will be paid a dividend of $0.262 per share on Wednesday, April 15th. This represents a $1.05 annualized dividend and a yield of 10.79%. The ex-dividend date of this dividend is Thursday, March 12th. View Preferred Apartment Communities' Dividend History.

Preferred Apartment Communities Inc. (NYSE:APTS) announced its earnings results on Monday, February, 24th. The real estate investment trust reported ($0.71) earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $0.37 by $1.08. The real estate investment trust earned $124.87 million during the quarter, compared to analysts' expectations of $123.69 million. Preferred Apartment Communities had a negative return on equity of 0.41% and a negative net margin of 1.54%. The company's quarterly revenue was up 17.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.48 earnings per share. View Preferred Apartment Communities' Earnings History.

Preferred Apartment Communities is scheduled to release their next quarterly earnings announcement on Monday, May 4th 2020. View Earnings Estimates for Preferred Apartment Communities.

Preferred Apartment Communities issued an update on its FY 2020 After-Hours earnings guidance on Monday, February, 24th. The company provided earnings per share (EPS) guidance of 1.07-1.14 for the period.

4 Wall Street analysts have issued 1-year price targets for Preferred Apartment Communities' stock. Their forecasts range from $18.00 to $19.00. On average, they expect Preferred Apartment Communities' share price to reach $18.50 in the next twelve months. This suggests a possible upside of 90.5% from the stock's current price. View Analyst Price Targets for 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 3 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Preferred Apartment Communities.

Headlines about APTS stock have been trending somewhat negative this week, InfoTrie Sentiment reports. The research group identifies positive and negative media coverage by monitoring 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 -1.7 on InfoTrie's scale. They also gave press coverage 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 stock's share price in the next several days. View News Stories for Preferred Apartment Communities.

Some companies that are related to Preferred Apartment Communities include Safestore (SFSHF), Colony Credit Real Estate (CLNC), Chesapeake Lodging Trust (CHSP), Universal Health Realty Income Trust (UHT), Diversified Healthcare Trust (DHC), Interrent Real Estate Investment Trust (IIPZF), Alexander & Baldwin (ALEX), Alexander's (ALX), TPG RE Finance Trust (TRTX), ARBOR RLTY TR I/SH (ABR), Industrial Logistics Properties Trust (ILPT), Monmouth R.E. Inv. (MNR), Kite Realty Group Trust (KRG), Independence Realty Trust (IRT) and American Finance Trust (AFIN).

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), The Coca-Cola (KO), Stag Industrial (STAG), Philip Morris International (PM), Bank of America (BAC) and Energy Transfer LP Unit (ET).

Preferred Apartment Communities' stock is owned by a number of of institutional and retail investors. Top institutional investors include LSV Asset Management (4.49%), Goldman Sachs Group Inc. (3.15%), State Street Corp (2.07%), Hillcrest Asset Management LLC (1.68%), Geode Capital Management LLC (1.29%) and State of New Jersey Common Pension Fund D (1.19%). Company insiders that own Preferred Apartment Communities stock include Daniel M Dupree, Gary B Coursey, Michael Joseph Cronin, Steve Bartkowski, Timothy Alan Peterson and William J Gresham Jr. View Institutional Ownership Trends for Preferred Apartment Communities.

APTS stock was sold by a variety of institutional investors in the last quarter, including Alliancebernstein L.P., Renaissance Technologies LLC, Stifel Financial Corp, Belpointe Asset Management LLC, LSV Asset Management, Thrivent Financial for Lutherans, Hillcrest Asset Management LLC and Schnieders Capital Management LLC. View Insider Buying and Selling for Preferred Apartment Communities.

APTS stock was bought by a variety of institutional investors in the last quarter, including Capital Square LLC, Knights of Columbus Asset Advisors LLC, Asset Management Corp IL ADV, California Public Employees Retirement System, Bank of New York Mellon Corp, Bank of Montreal Can, Cambridge Investment Research Advisors Inc. and Lido Advisors LLC. Company insiders that have bought Preferred Apartment Communities stock in the last two years include Daniel M Dupree and Steve Bartkowski. View Insider Buying and Selling for 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.

One share of APTS stock can currently be purchased for approximately $9.71.

Preferred Apartment Communities has a market capitalization of $444.84 million and generates $470.43 million in revenue each year. The real estate investment trust earns $43.47 million in net income (profit) each year or $1.37 on an earnings per share basis. View Additional Information About Preferred Apartment Communities.

The official website for Preferred Apartment Communities is http://www.pacapts.com/.

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]