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

$9.71
-0.29 (-2.90 %)
(As of 02/27/2020 04:00 PM ET)
Today's Range
$9.46
Now: $9.71
$10.25
50-Day Range
$10.00
MA: $12.41
$13.62
52-Week Range
$9.46
Now: $9.71
$16.93
Volume1.04 million shs
Average Volume499,264 shs
Market Capitalization$444.84 million
P/E RatioN/A
Dividend Yield10.50%
Beta0.51
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. Read More…

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$4.81 per share
Book Value$39.21 per share

Profitability

Net Income$43.47 million

Miscellaneous

EmployeesN/A
Market Cap$444.84 million
Next Earnings Date5/4/2020 (Estimated)
OptionableOptionable

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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 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.

How were Preferred Apartment Communities' earnings last quarter?

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.

When is Preferred Apartment Communities' next earnings date?

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

What guidance has Preferred Apartment Communities issued on next quarter's earnings?

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.

What price target have analysts set for APTS?

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.

What is the consensus analysts' recommendation 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.

Has Preferred Apartment Communities been receiving favorable news coverage?

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.

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

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. 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)

Who are Preferred Apartment Communities' major shareholders?

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.

Which institutional investors are selling Preferred Apartment Communities stock?

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.

Which institutional investors are buying Preferred Apartment Communities stock?

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.

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 $9.71.

How big of a company is Preferred Apartment Communities?

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.

What is Preferred Apartment Communities' official website?

The official website for Preferred Apartment Communities is http://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]


MarketBeat Community Rating for Preferred Apartment Communities (NYSE APTS)

Community Ranking:  2.8 out of 5 (star star)
Outperform Votes:  327 (Vote Outperform)
Underperform Votes:  248 (Vote Underperform)
Total Votes:  575
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.
This page was last updated on 2/27/2020 by MarketBeat.com Staff

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