News articles about Preferred Apartment Communities (NYSE:APTS) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research firm rates the sentiment of news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Preferred Apartment Communities earned a daily sentiment score of 0.17 on Accern’s scale. Accern also gave news headlines about the real estate investment trust an impact score of 46.7746810260815 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Several brokerages recently commented on APTS. ValuEngine upgraded shares of Preferred Apartment Communities from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. BidaskClub lowered shares of Preferred Apartment Communities from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 31st. B. Riley restated a “neutral” rating and issued a $17.00 price objective (up from $16.00) on shares of Preferred Apartment Communities in a research note on Thursday, November 2nd. Canaccord Genuity set a $17.00 price objective on shares of Preferred Apartment Communities and gave the company a “buy” rating in a research note on Monday, July 31st. Finally, Zacks Investment Research upgraded shares of Preferred Apartment Communities from a “strong sell” rating to a “hold” rating in a research note on Friday, August 4th. Three analysts have rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $19.20.
Preferred Apartment Communities (NYSE APTS) opened at $21.95 on Wednesday. The stock has a market cap of $793.28, a PE ratio of 15.12, a PEG ratio of 2.13 and a beta of 0.42. Preferred Apartment Communities has a one year low of $12.42 and a one year high of $22.71. The company has a current ratio of 0.07, a quick ratio of 0.07 and a debt-to-equity ratio of 0.05.
Preferred Apartment Communities (NYSE:APTS) last released its quarterly earnings data on Monday, October 30th. The real estate investment trust reported ($0.49) EPS for the quarter, missing analysts’ consensus estimates of ($0.31) by ($0.18). The company had revenue of $74.90 million for the quarter, compared to analysts’ expectations of $67.86 million. Preferred Apartment Communities had a return on equity of 2.78% and a net margin of 10.49%. research analysts predict that Preferred Apartment Communities will post 1.45 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Friday, December 15th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $1.00 dividend on an annualized basis and a yield of 4.56%. This is an increase from Preferred Apartment Communities’s previous quarterly dividend of $0.24. Preferred Apartment Communities’s payout ratio is currently -93.07%.
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Preferred Apartment Communities Company Profile
Preferred Apartment Communities, Inc is a real estate investment trust (REIT). The Company is formed to acquire and operate multifamily properties in select targeted markets throughout the United States. It operates through segments, including multifamily communities, real estate related financing, new market properties and office buildings.
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