Preferred Apartment Communities (APTS) Getting Somewhat Favorable Press Coverage, Analysis Finds
News coverage about Preferred Apartment Communities (NASDAQ:APTS) has been trending somewhat positive recently, Accern Sentiment Analysis reports. Accern ranks the sentiment of news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Preferred Apartment Communities earned a coverage optimism score of 0.18 on Accern’s scale. Accern also assigned news headlines about the real estate investment trust an impact score of 46.5039697866537 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the news headlines that may have impacted Accern Sentiment’s rankings:
- Schnitzer Steel Industries, Inc. (SCHN) has a value of $24.95 per share While Preferred Apartment Communities, Inc … – Stocks Gallery (stocksgallery.com)
- Preferred Apartment Communities (NYSE:APTS) Stock Closed Significantly Above Its 50 Day Average – Modern Readers (modernreaders.com)
- Preferred Apartment Communities (NYSE:APTS) Closed Significantly Above Its 50 Day Average – Modern Readers (modernreaders.com)
- Preferred Apartment Communities Inc. (APTS) Given a $20.00 Price Target by Canaccord Genuity Analysts (americanbankingnews.com)
- America Apartment Communities, Inc. (MAA) Receives $107.73 Consensus PT from Brokerages (topactu.net)
Shares of Preferred Apartment Communities (APTS) traded up 0.17% during trading on Friday, hitting $17.72. 314,725 shares of the stock traded hands. The stock’s market cap is $578.89 million. Preferred Apartment Communities has a 12 month low of $12.02 and a 12 month high of $18.11. The firm’s 50-day moving average price is $16.58 and its 200-day moving average price is $14.93.
Preferred Apartment Communities (NASDAQ:APTS) last released its earnings results on Monday, July 31st. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.01. The firm had revenue of $70.89 million during the quarter, compared to analyst estimates of $63.74 million. Preferred Apartment Communities had a net margin of 4.66% and a negative return on equity of 4.73%. Analysts anticipate that Preferred Apartment Communities will post ($1.10) EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Friday, September 15th will be issued a $0.235 dividend. The ex-dividend date is Thursday, September 14th. This represents a $0.94 annualized dividend and a dividend yield of 5.30%.
Several analysts have weighed in on APTS shares. FBR & Co reissued 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. BidaskClub downgraded shares of Preferred Apartment Communities from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 8th. Canaccord Genuity set a $20.00 price target on shares of Preferred Apartment Communities and gave the stock a “buy” rating in a research note on Thursday. Zacks Investment Research downgraded shares of Preferred Apartment Communities from a “hold” rating to a “sell” rating in a research note on Monday, May 15th. Finally, National Securities reissued a “buy” rating and issued a $20.00 price target (up from $16.00) on shares of Preferred Apartment Communities in a research note on Tuesday, May 23rd. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $17.30.
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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.
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