Preferred Apartment Communities Inc. (APTS) Scheduled to Post Quarterly Earnings on Monday
Preferred Apartment Communities Inc. (NASDAQ:APTS) is set to announce its earnings results after the market closes on Monday, October 30th. Analysts expect the company to announce earnings of ($0.31) per share for the quarter.
Preferred Apartment Communities (NASDAQ:APTS) last announced its quarterly earnings data on Monday, July 31st. The real estate investment trust reported $0.37 EPS for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.01. Preferred Apartment Communities had a net margin of 4.66% and a negative return on equity of 4.73%. The company had revenue of $70.89 million for the quarter, compared to the consensus estimate of $63.74 million. On average, analysts expect Preferred Apartment Communities to post $-1.08 EPS for the current fiscal year and $-2.25 EPS for the next fiscal year.
Shares of Preferred Apartment Communities Inc. (NASDAQ APTS) opened at 20.21 on Monday. The firm has a 50 day moving average of $18.90 and a 200-day moving average of $16.71. Preferred Apartment Communities Inc. has a 12 month low of $12.42 and a 12 month high of $20.43. The stock’s market capitalization is $673.42 million.
The business also recently declared a quarterly dividend, which was paid on Monday, October 16th. Investors of record on Friday, September 15th were paid a $0.235 dividend. The ex-dividend date was Thursday, September 14th. This represents a $0.94 dividend on an annualized basis and a dividend yield of 4.65%.
APTS has been the subject of a number of research analyst reports. ValuEngine upgraded shares of Preferred Apartment Communities from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. Zacks Investment Research lowered shares of Preferred Apartment Communities from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. Canaccord Genuity set a $17.00 price target on shares of Preferred Apartment Communities and gave the stock a “buy” rating in a research note on Monday, July 31st. BidaskClub upgraded shares of Preferred Apartment Communities from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 1st. Finally, FBR & Co restated a “market perform” rating and issued a $16.00 price target on shares of Preferred Apartment Communities in a research note on Tuesday, July 11th. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $17.63.
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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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