Preferred Apartment Communities Inc. (NASDAQ:APTS) – Equities research analysts at DA Davidson issued their Q1 2018 earnings estimates for shares of Preferred Apartment Communities in a research report issued to clients and investors on Wednesday. DA Davidson analyst J. Lykins anticipates that the real estate investment trust will post earnings of $0.38 per share for the quarter. DA Davidson also issued estimates for Preferred Apartment Communities’ Q2 2018 earnings at $0.39 EPS, Q3 2018 earnings at $0.41 EPS, Q4 2018 earnings at $0.42 EPS and FY2018 earnings at $1.61 EPS.

Preferred Apartment Communities (NASDAQ:APTS) last announced its earnings results on Monday, October 30th. The real estate investment trust reported ($0.49) earnings per share 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 net margin of 4.66% and a negative return on equity of 4.73%. TRADEMARK VIOLATION WARNING: This piece was posted by American Banking News and is the sole property of of American Banking News. If you are viewing this piece on another site, it was illegally copied and reposted in violation of U.S. & international copyright and trademark laws. The correct version of this piece can be read at https://www.americanbankingnews.com/2017/11/02/preferred-apartment-communities-inc-expected-to-earn-q1-2018-earnings-of-0-38-per-share-apts.html.

Several other research firms also recently commented on APTS. BidaskClub downgraded shares of Preferred Apartment Communities from a “strong-buy” rating to a “buy” rating in a research note on Tuesday. B. Riley reiterated a “neutral” rating and set a $17.00 price objective (up from $16.00) on shares of Preferred Apartment Communities in a research note on Thursday. Zacks Investment Research downgraded shares of Preferred Apartment Communities from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. ValuEngine upgraded shares of 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 shares of Preferred Apartment Communities and gave the stock a “buy” rating in a research note on Thursday, August 10th. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $17.50.

The firm also recently announced 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. This represents a $1.00 annualized dividend and a dividend yield of 5.04%. The ex-dividend date is Thursday, December 14th. This is a boost from Preferred Apartment Communities’s previous quarterly dividend of $0.24.

Several institutional investors have recently modified their holdings of APTS. JPMorgan Chase & Co. raised its holdings in shares of Preferred Apartment Communities by 9,708.5% during the second quarter. JPMorgan Chase & Co. now owns 529,073 shares of the real estate investment trust’s stock worth $8,332,000 after purchasing an additional 523,679 shares during the last quarter. Teachers Advisors LLC raised its holdings in shares of Preferred Apartment Communities by 926.8% during the second quarter. Teachers Advisors LLC now owns 525,054 shares of the real estate investment trust’s stock worth $8,270,000 after purchasing an additional 473,918 shares during the last quarter. Bank of Montreal Can raised its holdings in shares of Preferred Apartment Communities by 14,877.4% during the second quarter. Bank of Montreal Can now owns 379,528 shares of the real estate investment trust’s stock worth $5,978,000 after purchasing an additional 376,994 shares during the last quarter. LSV Asset Management raised its holdings in shares of Preferred Apartment Communities by 97.3% during the second quarter. LSV Asset Management now owns 731,366 shares of the real estate investment trust’s stock worth $11,519,000 after purchasing an additional 360,601 shares during the last quarter. Finally, TIAA CREF Investment Management LLC raised its holdings in shares of Preferred Apartment Communities by 269.9% during the second quarter. TIAA CREF Investment Management LLC now owns 343,619 shares of the real estate investment trust’s stock worth $5,412,000 after purchasing an additional 250,719 shares during the last quarter.

About Preferred Apartment Communities

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.

Earnings History and Estimates for Preferred Apartment Communities (NASDAQ:APTS)

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