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

$14.07
-0.18 (-1.26 %)
(As of 08/23/2019 08:00 AM ET)
Today's Range
$14.04
Now: $14.07
$14.32
50-Day Range
$14.02
MA: $14.55
$15.29
52-Week Range
$13.14
Now: $14.07
$18.60
Volume334,800 shs
Average Volume302,744 shs
Market Capitalization$625.55 million
P/E Ratio10.19
Dividend Yield7.31%
Beta0.41
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$397.27 million
Cash Flow$5.0794 per share
Book Value$40.13 per share

Profitability

Net Income$43.47 million

Miscellaneous

EmployeesN/A
Market Cap$625.55 million
Next Earnings Date11/4/2019 (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, August 1st. Investors of record on Friday, September 13th will be given a dividend of $0.262 per share on Tuesday, October 15th. This represents a $1.05 annualized dividend and a yield of 7.45%. The ex-dividend date of this dividend is Thursday, September 12th. View Preferred Apartment Communities' Dividend History.

How were Preferred Apartment Communities' earnings last quarter?

Preferred Apartment Communities Inc. (NYSE:APTS) issued its quarterly earnings data on Monday, July, 29th. The real estate investment trust reported ($0.66) earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.31 by $0.97. The real estate investment trust had revenue of $113.85 million for the quarter, compared to the consensus estimate of $115.58 million. Preferred Apartment Communities had a return on equity of 1.87% and a net margin of 7.08%. The firm's quarterly revenue was up 18.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.37 EPS. 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, November 4th 2019. View Earnings Estimates for Preferred Apartment Communities.

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

Preferred Apartment Communities updated its FY19 earnings guidance on Monday, July, 29th. The company provided earnings per share (EPS) guidance of $1.44-1.50 for the period, compared to the Thomson Reuters consensus estimate of $1.47.

What price target have analysts set for APTS?

5 brokerages have issued 1-year price objectives for Preferred Apartment Communities' shares. Their forecasts range from $18.00 to $22.00. On average, they expect Preferred Apartment Communities' share price to reach $19.6667 in the next twelve months. This suggests a possible upside of 39.8% 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.

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. " (7/25/2019)
  • 2. Boenning Scattergood analysts commented, "We are at the bottom end of the range, and our estimate assumes that acquisition activity picks up meaningfully over the balance of the year. In 2018, APTS acquired $1.2 billion of assets, and 2019 looks to fall well short of that measure, at an estimated $915 million. We believe the problem lies in APTS cost of capital under its preferred issuance program, and the pressure on cap rates in multifamily, grocery- anchored retail, and class A office properties. As a minor point, we observe that APTS spent $45k in 1Q19 in expenses related to the potential to internalize functions performed by its manager, which we believe is the first time the company has considered this strategy. At this point, we think internalization is unlikely." (4/30/2019)

Has Preferred Apartment Communities been receiving favorable news coverage?

News headlines about APTS stock have trended positive recently, InfoTrie Sentiment reports. The research group identifies negative and positive media coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Preferred Apartment Communities earned a news sentiment score of 2.5 on InfoTrie's scale. They also assigned news coverage about the real estate investment trust a news buzz of 6.0 out of 10, indicating that recent media coverage is somewhat likely to have an effect on the stock's share price in the immediate future. 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), The Coca-Cola (KO), Realty Income (O), Exxon Mobil (XOM), Stag Industrial (STAG), Bank of America (BAC), Enterprise Products Partners (EPD), Apple Hospitality REIT (APLE) and New Residential Investment (NRZ).

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 retail and institutional investors. Top institutional investors include Vanguard Group Inc. (9.74%), BlackRock Inc. (7.55%), Nuveen Asset Management LLC (5.84%), LSV Asset Management (4.70%), Hillcrest Asset Management LLC (1.85%) and Invesco Ltd. (1.63%). Company insiders that own Preferred Apartment Communities stock include Daniel M Dupree, John A Williams, Leonard A Silverstein, Michael Joseph Cronin, 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 JPMorgan Chase & Co., Envestnet Asset Management Inc., Bank of Montreal Can, Russell Investments Group Ltd., Teachers Insurance & Annuity Association of America, US Bancorp DE, Invesco Ltd. and BlackRock Inc.. Company insiders that have sold Preferred Apartment Communities company stock in the last year include 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 Nuveen Asset Management LLC, Atlantic Union Bankshares Corp, Wells Fargo & Company MN, LSV Asset Management, Renaissance Technologies LLC, Vanguard Group Inc., Bowling Portfolio Management LLC and Pacific Sun Financial Corp. 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 $14.07.

How big of a company is Preferred Apartment Communities?

Preferred Apartment Communities has a market capitalization of $625.55 million and generates $397.27 million in revenue each year. The real estate investment trust earns $43.47 million in net income (profit) each year or $1.41 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:  294 (Vote Outperform)
Underperform Votes:  222 (Vote Underperform)
Total Votes:  516
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 8/23/2019 by MarketBeat.com Staff

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