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 March 31, 2018, the Company was the approximate 97.3% 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
SymbolNYSE:APTS
CUSIPN/A
Phone770-818-4100
Debt
Debt-to-Equity Ratio0.02
Current Ratio0.06
Quick Ratio0.06
Price-To-Earnings
Trailing P/E Ratio11.84
Forward P/E Ratio11.84
P/E Growth1.71
Sales & Book Value
Annual Sales$294.01 million
Price / Sales2.32
Cash Flow$3.6964 per share
Price / Cash4.71
Book Value$33.20 per share
Price / Book0.52
Profitability
EPS (Most Recent Fiscal Year)$1.47
Net Income$27.68 million
Net Margins3.93%
Return on Equity1.02%
Return on Assets0.41%
Miscellaneous
EmployeesN/A
Outstanding Shares39,220,000
Market Cap$691.45
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 Tuesday, May 1st. Shareholders of record on Friday, June 15th will be given a dividend of $0.255 per share on Monday, July 16th. This represents a $1.02 dividend on an annualized basis and a yield of 5.86%. The ex-dividend date is Thursday, June 14th. This is an increase from Preferred Apartment Communities's previous quarterly dividend of $0.25. View Preferred Apartment Communities' Dividend History.
How were Preferred Apartment Communities' earnings last quarter?
Preferred Apartment Communities Inc. (NYSE:APTS) issued its earnings results on Monday, April, 30th. The real estate investment trust reported ($0.14) earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of ($0.52) by $0.38. The real estate investment trust earned $90.40 million during the quarter, compared to analysts' expectations of $88.96 million. Preferred Apartment Communities had a net margin of 3.93% and a return on equity of 1.02%. Preferred Apartment Communities's revenue was up 35.7% on a year-over-year basis. 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, April, 30th. The company provided earnings per share (EPS) guidance of $1.43-1.47 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.47. The company issued revenue guidance of $400-440 million, compared to the consensus revenue estimate of $393.88 million.
What price target have analysts set for APTS?
5 brokerages have issued 12 month target prices for Preferred Apartment Communities' shares. Their predictions range from $16.00 to $26.00. On average, they expect Preferred Apartment Communities' share price to reach $19.20 in the next twelve months. This suggests a possible upside of 10.3% from the stock's current price. View Analyst Ratings 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."
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. " (7/3/2018)
- 2. National Securities analysts commented, "APTS 3Q17 Earnings Recap: Conventional logic states that monoline REITs should trade at a premium to multiline REITs, yet but for APTS’s example, it seems as if it is blowing the standard conventions out of the water! How can an investor possibly justify discounting a firm that has grown its dividend at a 12.6% CAGR over a 5-year period? How is a discount warranted when an investment in APTS’ April 2011 IPO has yielded an average annual return of 28.7%? It isn’t warranted at all. Continuing to differentiate APTS from peers is its budding student housing portfolio, now at a 3 properties with 2,232 beds (each bed generates revenue vs. each unit in MF) and an additional 2,122 units under contract which should translate to roughly another 7,400 beds at $745 per month. Yes, APTS owns MF investments. Yes, APTS owns grocery anchored retail investments. Yes, APTS class A office. Yes, APTS owns student housing properties. Yes, it has experienced management teams running each business unit which is the reason its breaking all the rules as its shares appreciate at a near exponential clip. We are reiterating our BUY rating on APTS and increasing our $20.00 price target to $26.00 to account for the significant embedded value of the owned real estate and purchase options APTS has yet to exercise and are entitled to." (11/29/2017)
Who are some of Preferred Apartment Communities' key competitors?
Some companies that are related to Preferred Apartment Communities include Pebblebrook Hotel Trust (PEB), Keppel REIT (KREVF), Corporate Express common stock (CXP), STAG Indl Inc/SH SH (STAG), Colony Northstar Credit Real Estate (CLNC), Great Portland Estates (GPEAF), DDR (DDR), Rexford Industrial Realty (REXR), DiamondRock Hospitality (DRH), Washington Real Estate Investment Trust (WRE), Apollo Commercial Real Est. Finance (ARI), Tanger Factory Outlet Centers (SKT), MGM Growth Properties (MGP), Acadia Realty Trust (AKR) and Retail Opportunity Investments (ROIC).
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, Principal Financial Officer & Treasurer (Age 63)
- Mr. Joel T. Murphy J.D., CEO & Pres of New Market Properties LLC (Age 59)
Has Preferred Apartment Communities been receiving favorable news coverage?
Media headlines about APTS stock have trended somewhat positive on Saturday, according to Accern Sentiment Analysis. The research firm rates the sentiment of media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Preferred Apartment Communities earned a media sentiment score of 0.11 on Accern's scale. They also assigned news stories about the real estate investment trust an impact score of 45.11 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock's share price in the immediate future.
Who are Preferred Apartment Communities' major shareholders?
Preferred Apartment Communities' stock is owned by a variety of of institutional and retail investors. Top institutional investors include Boston Advisors LLC (0.97%), LDR Capital Management LLC (0.85%), Bank of Montreal Can (0.37%), Pensionfund DSM Netherlands (0.13%), Pensionfund Sabic (0.05%) and Fox Run Management L.L.C. (0.05%). Company insiders that own Preferred Apartment Communities stock include Daniel M Dupree, John A Williams, Leonard A Silverstein, Michael Joseph Cronin, Steve Bartkowski and William J Gresham Jr. View Institutional Ownership Trends for Preferred Apartment Communities.
Which major investors are selling Preferred Apartment Communities stock?
APTS stock was sold by a variety of institutional investors in the last quarter, including Nisa Investment Advisors LLC, Bank of Montreal Can and LDR Capital Management LLC. Company insiders that have sold Preferred Apartment Communities company stock in the last year include Daniel M Dupree, Michael Joseph Cronin and William J Gresham Jr. View Insider Buying and Selling for Preferred Apartment Communities.
Which major investors are buying Preferred Apartment Communities stock?
APTS stock was purchased by a variety of institutional investors in the last quarter, including Boston Advisors LLC, Pensionfund DSM Netherlands, Pensionfund Sabic and Fox Run Management L.L.C.. 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 $17.41.
How big of a company is Preferred Apartment Communities?
Preferred Apartment Communities has a market capitalization of $691.45 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.
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.
