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 June 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
Stock Exchange NYSE
Industry Real estate investment trusts
Sub-IndustryN/A
SectorFinance
Current SymbolNYSE:APTS
Previous Symbol
CUSIPN/A
Phone770-818-4100
Debt
Debt-to-Equity Ratio0.04
Current Ratio0.06
Quick Ratio0.06
Price-To-Earnings
Trailing P/E Ratio10.45
Forward P/E Ratio11.02
P/E Growth1.61
Sales & Book Value
Annual Sales$294.01 million
Price / Sales2.14
Cash Flow$3.6563 per share
Price / Cash4.19
Book Value$36.84 per share
Price / Book0.42
Profitability
EPS (Most Recent Fiscal Year)$1.47
Net Income$27.68 million
Net Margins3.29%
Return on Equity0.88%
Return on Assets0.33%
Miscellaneous
EmployeesN/A
Outstanding Shares41,050,000
Market Cap$644.06 million
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. Investors of record on Friday, December 14th will be given a dividend of $0.26 per share on Tuesday, January 15th. This represents a $1.04 dividend on an annualized basis and a yield of 6.79%. 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) announced its quarterly earnings data on Monday, November, 5th. The real estate investment trust reported $0.28 earnings per share for the quarter, missing the Zacks' consensus estimate of $0.37 by $0.09. The real estate investment trust earned $104.20 million during the quarter, compared to analyst estimates of $100.95 million. Preferred Apartment Communities had a return on equity of 0.88% and a net margin of 3.29%. The business's quarterly revenue 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 updated its FY18 earnings guidance on Monday, November, 5th. The company provided earnings per share (EPS) guidance of $1.39-1.42 for the period, compared to the Thomson Reuters consensus EPS 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 brokerages have issued 12-month price targets for Preferred Apartment Communities' shares. Their predictions range from $16.00 to $26.00. On average, they anticipate Preferred Apartment Communities' share price to reach $19.60 in the next year. This suggests a possible upside of 27.9% 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?
Media coverage about APTS stock has trended somewhat negative this week, according to InfoTrie Sentiment. The research firm rates the sentiment of news coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Preferred Apartment Communities earned a news impact score of -1.0 on InfoTrie's scale. They also assigned news articles about the real estate investment trust a news buzz of 7.0 out of 10, meaning that recent news coverage is likely to have an impact on the company's share price in the near future.
Are investors shorting Preferred Apartment Communities?
Preferred Apartment Communities saw a decrease in short interest during the month of September. As of September 28th, there was short interest totalling 1,165,005 shares, a decrease of 37.5% from the September 14th total of 1,863,267 shares. Based on an average daily trading volume, of 272,384 shares, the short-interest ratio is presently 4.3 days. Currently, 2.9% of the shares of the company are sold short. View Preferred Apartment Communities' Current Options Chain.
Who are some of Preferred Apartment Communities' key competitors?
Some companies that are related to Preferred Apartment Communities include Brandywine Realty Trust (BDN), Apollo Commercial Real Est. Finance (ARI), Colony Credit Real Estate (CLNC), Pebblebrook Hotel Trust (PEB), Acadia Realty Trust (AKR), Potlatchdeltic (PCH), Washington Real Estate Investment Trust (WRE), Tanger Factory Outlet Centers (SKT), DiamondRock Hospitality (DRH), QTS Realty Trust (QTS), Retail Opportunity Investments (ROIC), Agree Realty (ADC), Lexington Realty Trust (LXP), Ladder Capital (LADR) and MGM Growth Properties (MGP).
Who are Preferred Apartment Communities' key executives?
Preferred Apartment Communities' management team includes the folowing people:
- Mr. Daniel M. DuPree, Chairman & CEO (Age 71)
- Mr. John A. Williams, Chairman & CEO (Age 75)
- Mr. Leonard A. Silverstein, Co-Founder, Vice Chairman, Pres & COO (Age 59)
- Mr. Michael Joseph Cronin, Exec. VP, Chief Accounting Officer & Treasurer (Age 63)
- Mr. Joel T. Murphy J.D., CEO & Pres of New Market Properties LLC (Age 59)
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 BlackRock Inc. (8.03%), LSV Asset Management (4.80%), JPMorgan Chase & Co. (1.77%), JPMorgan Chase & Co. (1.73%), KCM Investment Advisors LLC (1.16%) and National Asset Management Inc. (1.15%). Company insiders that own Preferred Apartment Communities stock include Daniel M Dupree, John A Williams, Leonard A Silverstein, Michael Joseph Cronin, Steve Bartkowski, Timothy Alan Peterson and William J Gresham Jr. View Institutional Ownership Trends for Preferred Apartment Communities.
Which institutional investors are selling Preferred Apartment Communities stock?
APTS stock was sold by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, Citadel Advisors LLC, Allianz Asset Management GmbH, GSA Capital Partners LLP, Connor Clark & Lunn Investment Management Ltd., BlackRock Inc., Piermont Capital Management Inc. and Credit Suisse AG. Company insiders that have sold Preferred Apartment Communities company stock in the last year include Daniel M Dupree, Michael Joseph Cronin, Timothy Alan Peterson and William J Gresham Jr. View Insider Buying and Selling for Preferred Apartment Communities.
Which institutional investors are buying Preferred Apartment Communities stock?
APTS stock was acquired by a variety of institutional investors in the last quarter, including LSV Asset Management, National Asset Management Inc., Bowling Portfolio Management LLC, Cambridge Investment Research Advisors Inc., Monarch Partners Asset Management LLC, Bank of Montreal Can, JPMorgan Chase & Co. and JPMorgan Chase & Co.. 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 $15.32.
How big of a company is Preferred Apartment Communities?
Preferred Apartment Communities has a market capitalization of $644.06 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.
