Preferred Apartment Communities Stock Forecast, Price & News

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Preferred Apartment Communities in the last year. There are currently 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" Preferred Apartment Communities stock.
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Preferred Apartment Communities is scheduled to release its next quarterly earnings announcement on Monday, November 8th 2021.
View our earnings forecast for Preferred Apartment Communities.

Preferred Apartment Communities, Inc. (NYSE:APTS) released its earnings results on Sunday, August, 8th. The real estate investment trust reported ($0.64) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.77) by $0.13. Preferred Apartment Communities had a net margin of 2.73% and a trailing twelve-month return on equity of 0.90%.
View Preferred Apartment Communities' earnings history.

Preferred Apartment Communities' stock was trading at $9.01 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, APTS stock has increased by 32.4% and is now trading at $11.93.
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Preferred Apartment Communities declared a quarterly dividend on Monday, August 9th. Investors of record on Wednesday, September 15th will be given a dividend of $0.175 per share on Friday, October 15th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 5.87%. The ex-dividend date of this dividend is Tuesday, September 14th.
View Preferred Apartment Communities' dividend history.

Preferred Apartment Communities pays an annual dividend of $0.70 per share and currently has a dividend yield of 6.05%. APTS has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Preferred Apartment Communities does not yet have a strong track record of dividend growth. The dividend payout ratio of Preferred Apartment Communities is 65.42%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Preferred Apartment Communities will have a dividend payout ratio of 72.16% next year. This indicates that Preferred Apartment Communities will be able to sustain or increase its dividend.
View Preferred Apartment Communities' dividend history.

Preferred Apartment Communities issued an update on its FY 2021 earnings guidance on Monday, September, 6th. The company provided earnings per share guidance of $0.900-$1.000 for the period. The company issued revenue guidance of -.

3 equities research analysts have issued 1 year price objectives for Preferred Apartment Communities' shares. Their forecasts range from $13.00 to $15.00. On average, they anticipate Preferred Apartment Communities' stock price to reach $13.83 in the next year. This suggests a possible upside of 16.0% from the stock's current price.
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1 employees have rated Preferred Apartment Communities CEO Joel Murphy on Glassdoor.com. Joel Murphy has an approval rating of 100% among Preferred Apartment Communities' employees. This puts Joel Murphy in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Some companies that are related to Preferred Apartment Communities include RLJ Lodging Trust (RLJ), American Assets Trust (AAT), Brandywine Realty Trust (BDN), Columbia Property Trust (CXP), Independence Realty Trust (IRT), Apollo Commercial Real Estate Finance (ARI), Washington Real Estate Investment Trust (WRE), Four Corners Property Trust (FCPT), Retail Opportunity Investments (ROIC), MFA Financial (MFA), CareTrust REIT (CTRE), Two Harbors Investment (TWO), PennyMac Mortgage Investment Trust (PMT), DiamondRock Hospitality (DRH) and Paramount Group (PGRE).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Preferred Apartment Communities investors own include AT&T (T), Altria Group (MO), Enterprise Products Partners (EPD), Realty Income (O), The Coca-Cola (KO), Exxon Mobil (XOM), STAG Industrial (STAG), Energy Transfer (ET), Bank of America (BAC) and Verizon Communications (VZ).

Preferred Apartment Communities trades on the New York Stock Exchange (NYSE) under the ticker symbol "APTS."

Preferred Apartment Communities' stock is owned by a number of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (9.62%), BlackRock Inc. (7.46%), Invesco Ltd. (3.40%), LSV Asset Management (3.32%), State Street Corp (2.13%) and Geode Capital Management LLC (1.97%). Company insiders that own Preferred Apartment Communities stock include Daniel M Dupree, Jeffrey David Sherman, Jeffrey R Sprain, Joel T Murphy, John M Cannon, Sara Finley and Steve Bartkowski.
View institutional ownership trends for Preferred Apartment Communities.

APTS stock was sold by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., Millennium Management LLC, JPMorgan Chase & Co., BlackRock Inc., LSV Asset Management, Wells Fargo & Company MN, Belpointe Asset Management LLC, and Bank of America Corp DE. Company insiders that have sold Preferred Apartment Communities company stock in the last year include Jeffrey David Sherman, and Jeffrey R Sprain.
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APTS stock was purchased by a variety of institutional investors in the last quarter, including Nuveen Asset Management LLC, Renaissance Technologies LLC, Vanguard Group Inc., Miller Value Partners LLC, Connor Clark & Lunn Investment Management Ltd., Panagora Asset Management Inc., Morgan Stanley, and Morgan Stanley. Company insiders that have bought Preferred Apartment Communities stock in the last two years include Daniel M Dupree, Jeffrey R Sprain, Joel T Murphy, John M Cannon, Sara Finley, and Steve Bartkowski.
View insider buying and selling activity for Preferred Apartment Communities or or view top insider-buying stocks.

Shares of APTS can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of APTS stock can currently be purchased for approximately $11.93.

Preferred Apartment Communities has a market capitalization of $625.35 million and generates $502.20 million in revenue each year. The real estate investment trust earns $-177,790,000.00 in net income (profit) each year or $1.07 on an earnings per share basis.

Preferred Apartment Communities employs 402 workers across the globe.

The official website for Preferred Apartment Communities is www.pacapts.com.

Preferred Apartment Communities is headquartered at 3284 NORTHSIDE PARKWAY NW SUITE 150, ATLANTA GA, 30327.

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].