NYSE:APTS

Preferred Apartment Communities Stock Forecast, Price & News

$12.15
+0.22 (+1.84 %)
(As of 09/23/2021 10:27 AM ET)
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Today's Range
$11.99
$12.15
50-Day Range
$9.98
$12.75
52-Week Range
$5.01
$12.85
Volume4,200 shs
Average Volume408,397 shs
Market Capitalization$636.88 million
P/E RatioN/A
Dividend Yield6.05%
Beta1.17
30 days | 90 days | 365 days | Advanced Chart
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Preferred Apartment Communities logo

About Preferred Apartment Communities

Preferred Apartment Communities, Inc. engages in the acquisition and operation of multifamily properties in select targeted markets throughout the United States. It operates through the following segments: Multifamily Communities, Financing, New Market Properties, Preferred Office Properties, and Others. The Multifamily Communities segment consists of company's portfolio of owned residential multifamily communities. The Financing segment refers to the portfolio of real estate loans, bridge loans, and other instruments deployed by the company to partially finance the development, construction, and prestabilization carrying costs of new multifamily communities and other real estate and real estate related assets. The New Market Properties segment covers portfolio of grocery-anchored shopping centers, as well as the financial results from the retail real estate loans. The Preferred Office Properties segment relates to the portfolio of office buildings. The Others segment includes deferred offering costs. The company was founded by Leonard A. Silverstein and John A. Williams on September 18, 2009 and is headquartered in Atlanta, GA.

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MarketRank

Overall MarketRank

2.72 out of 5 stars

Finance Sector

126th out of 1,332 stocks

Real Estate Investment Trusts Industry

19th out of 219 stocks

Analyst Opinion: 2.5Community Rank: 4.7Dividend Strength: 3.3Insider Behavior: 2.5Valuation: 0.6 5 -4 -3 -2 -1 -
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Preferred Apartment Communities (NYSE:APTS) Frequently Asked Questions

Is Preferred Apartment Communities a buy right now?

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.
View analyst ratings for Preferred Apartment Communities
or view top-rated stocks.

What stocks does MarketBeat like better than Preferred Apartment Communities?

Wall Street analysts have given Preferred Apartment Communities a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Preferred Apartment Communities wasn't one of them. MarketBeat thinks these five companies may be even better buys.
View MarketBeat's top stock picks here.

When is Preferred Apartment Communities' next earnings date?

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
.

How were Preferred Apartment Communities' earnings last quarter?

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
.

How has Preferred Apartment Communities' stock price been impacted by COVID-19?

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.
View which stocks have been most impacted by COVID-19
.

How often does Preferred Apartment Communities pay dividends? What is the dividend yield for Preferred Apartment Communities?

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
.

Is Preferred Apartment Communities a good dividend stock?

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.

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

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 -.

What price target have analysts set for APTS?

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.
View analysts' price targets for Preferred Apartment Communities
or view top-rated stocks among Wall Street analysts.

Who are Preferred Apartment Communities' key executives?

Preferred Apartment Communities' management team includes the following people:
  • Joel T. Murphy, Chairman, President & Chief Executive Officer
  • John A. Isakson, Chief Financial Officer & Executive Vice President
  • Jeffrey R. Sprain, Secretary, Executive VP & General Counsel
  • Michael Joseph Cronin, Treasurer, Chief Accounting Officer & Executive VP
  • William Randolph Forth, Chief Asset Management Officer & Executive VP

What is Joel Murphy's approval rating as Preferred Apartment Communities' CEO?

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.

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), 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).

What is Preferred Apartment Communities' stock symbol?

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

Who are Preferred Apartment Communities' major shareholders?

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
.

Which major investors are selling Preferred Apartment Communities stock?

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.
View insider buying and selling activity for Preferred Apartment Communities
or view top insider-selling stocks.

Which major investors are buying Preferred Apartment Communities stock?

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.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Preferred Apartment Communities' stock price today?

One share of APTS stock can currently be purchased for approximately $11.93.

How much money does Preferred Apartment Communities make?

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.

How many employees does Preferred Apartment Communities have?

Preferred Apartment Communities employs 402 workers across the globe.

What is Preferred Apartment Communities' official website?

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

Where are Preferred Apartment Communities' headquarters?

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

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].


This page was last updated on 9/23/2021 by MarketBeat.com Staff
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