Somewhat Positive Press Coverage Somewhat Unlikely to Affect Preferred Apartment Communities (APTS) Stock Price

Press coverage about Preferred Apartment Communities (NYSE:APTS) has trended somewhat positive on Monday, Accern reports. The research group scores the sentiment of press coverage by analyzing more than 20 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 closest to one being the most favorable. Preferred Apartment Communities earned a daily sentiment score of 0.10 on Accern’s scale. Accern also gave media headlines about the real estate investment trust an impact score of 46.0769762537969 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

Here are some of the media headlines that may have impacted Accern Sentiment’s analysis:

A number of equities analysts have recently issued reports on the company. BidaskClub raised Preferred Apartment Communities from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 14th. Zacks Investment Research cut Preferred Apartment Communities from a “buy” rating to a “hold” rating in a research note on Friday, November 3rd. B. Riley reiterated a “neutral” rating and issued a $17.00 price target (up from $16.00) on shares of Preferred Apartment Communities in a research note on Thursday, November 2nd. ValuEngine upgraded Preferred Apartment Communities from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. Finally, Canaccord Genuity set a $20.00 price objective on Preferred Apartment Communities and gave the stock a “buy” rating in a research note on Thursday, August 10th. Three investment analysts have rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $20.40.

Preferred Apartment Communities (NYSE:APTS) opened at $21.34 on Monday. 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 has a 12-month low of $12.42 and a 12-month high of $22.71. The firm has a market capitalization of $783.01, a P/E ratio of 14.92, a P/E/G ratio of 2.10 and a beta of 0.43.

Preferred Apartment Communities (NYSE:APTS) last posted its earnings results on Monday, October 30th. The real estate investment trust reported ($0.49) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.31) by ($0.18). Preferred Apartment Communities had a net margin of 10.49% and a return on equity of 2.78%. The business had revenue of $74.90 million during the quarter, compared to analysts’ expectations of $67.86 million. equities analysts predict that Preferred Apartment Communities will post 1.45 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Friday, December 15th will be given a dividend of $0.25 per share. This is a boost from Preferred Apartment Communities’s previous quarterly dividend of $0.24. This represents a $1.00 annualized dividend and a dividend yield of 4.69%. The ex-dividend date of this dividend is Thursday, December 14th. Preferred Apartment Communities’s dividend payout ratio is currently -93.07%.

In other news, insider Daniel M. Dupree sold 17,000 shares of the stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $21.08, for a total transaction of $358,360.00. Following the completion of the transaction, the insider now directly owns 99,564 shares of the company’s stock, valued at approximately $2,098,809.12. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Over the last three months, insiders purchased 1,850 shares of company stock valued at $39,349. Insiders own 3.11% of the company’s stock.

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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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