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 September 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
Industry Real estate investment trusts
Sub-IndustryN/A
SectorFinance
Phone770-818-4100
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$397.27 million
Profitability
Miscellaneous
EmployeesN/A
Next Earnings Date4/29/2019 (Estimated)
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 announced a quarterly dividend on Friday, February 22nd. Stockholders of record on Friday, March 15th will be paid a dividend of $0.26 per share on Monday, April 15th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 6.91%. The ex-dividend date is Thursday, March 14th. View Preferred Apartment Communities' Dividend History.
How were Preferred Apartment Communities' earnings last quarter?
Preferred Apartment Communities Inc. (NYSE:APTS) released its quarterly earnings data on Monday, April, 30th. The real estate investment trust reported ($0.14) EPS for the quarter, beating the consensus estimate of ($0.52) by $0.38. The real estate investment trust earned $90.40 million during the quarter, compared to the consensus estimate of $88.96 million. Preferred Apartment Communities had a return on equity of 2.94% and a net margin of 10.94%. The company'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 issued an update on its FY19 earnings guidance on Monday, February, 25th. The company provided earnings per share guidance of $1.44-1.50 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.60. Preferred Apartment Communities also updated its FY 2019 guidance to $1.44-1.50 EPS.
What price target have analysts set for APTS?
4 equities research analysts have issued 1-year price targets for Preferred Apartment Communities' stock. Their forecasts range from $16.00 to $22.00. On average, they anticipate Preferred Apartment Communities' share price to reach $18.00 in the next twelve months. This suggests a possible upside of 19.5% 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 2 hold ratings and 2 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 headlines about APTS stock have been trending somewhat positive recently, InfoTrie reports. InfoTrie identifies negative and positive press coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Preferred Apartment Communities earned a news impact score of 1.9 on InfoTrie's scale. They also gave media coverage about the real estate investment trust a news buzz of 1.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the company's share price in the next few days.
Who are some of Preferred Apartment Communities' key competitors?
Some companies that are related to Preferred Apartment Communities include Colony Capital (CLNY), Columbia Property Trust (CXP), Retail Properties of America (RPAI), Agree Realty (ADC), Potlatchdeltic (PCH), Apollo Commercial Real Est. Finance (ARI), QTS Realty Trust (QTS), The GEO Group (GEO), Great Portland Estates (GPEAF), Corecivic (CXW), Washington Real Estate Investment Trust (WRE), Acadia Realty Trust (AKR), DiamondRock Hospitality (DRH), Lexington Realty Trust (LXP) and American Assets Trust (AAT).
What other stocks do shareholders of Preferred Apartment Communities own?
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. Michael Joseph Cronin, Exec. VP, Chief Accounting Officer & Treasurer (Age 64)
- Mr. Joel T. Murphy J.D., CEO & Pres of New Market Properties LLC (Age 60)
- Mr. John A. Isakson, CFO & Exec. VP (Age 48)
Who are Preferred Apartment Communities' major shareholders?
Preferred Apartment Communities' stock is owned by many different of retail and institutional investors. Top institutional shareholders include BlackRock Inc. (8.44%), LSV Asset Management (4.73%), Nuveen Asset Management LLC (3.43%), Northern Trust Corp (1.31%), Geode Capital Management LLC (1.10%) and Geode Capital Management LLC (1.10%). 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 Boston Advisors LLC, LDR Capital Management LLC, Bank of America Corp DE, National Asset Management Inc., Amundi Pioneer Asset Management Inc., New York State Common Retirement Fund, Claraphi Advisory Network LLC and Dana Investment Advisors Inc.. Company insiders that have sold Preferred Apartment Communities company stock in the last year include 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 BlackRock Inc., Cambridge Investment Research Advisors Inc., Hancock Whitney Corp, Bank of New York Mellon Corp, Geode Capital Management LLC, Geode Capital Management LLC, Nuveen Asset Management LLC and Ibex Wealth Advisors. 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 $15.06.
How big of a company is Preferred Apartment Communities?
Preferred Apartment Communities has a market capitalization of $648.18 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.
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.
