Preferred Apartment Communities (APTS) Getting Somewhat Positive Press Coverage, Report Shows
News articles about Preferred Apartment Communities (NASDAQ:APTS) have been trending somewhat positive on Thursday, according to Accern Sentiment Analysis. The research firm ranks the sentiment of news coverage by analyzing more than twenty million news and blog 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 news sentiment score of 0.09 on Accern’s scale. Accern also assigned news stories about the real estate investment trust an impact score of 45.5872771162205 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the news stories that may have effected Accern Sentiment’s rankings:
- Preferred Apartment Communities Inc. (APTS) Given Average Rating of “Buy” by Analysts (americanbankingnews.com)
- Preferred Apartment Communities (APTS) vs. United Dominion Realty Trust (UDR) Head-To-Head Review (americanbankingnews.com)
- Contrasting Preferred Apartment Communities (APTS) and Education Realty Trust (EDR) (americanbankingnews.com)
- Trending Stocks Buzz: Preferred Apartment Communities, Inc., (NYSE:APTS), AdvanSix Inc., (NYSE:ASIX) – Stocks In The News (press release) (tradingnewsnow.com)
- Analyzing Altisource Residential Corporation (RESI) & Preferred Apartment Communities (APTS) (americanbankingnews.com)
Shares of Preferred Apartment Communities (NASDAQ:APTS) traded up 1.59% during mid-day trading on Thursday, reaching $19.78. 130,602 shares of the company’s stock were exchanged. The company’s 50 day moving average is $18.52 and its 200 day moving average is $16.39. The stock’s market capitalization is $659.09 million. Preferred Apartment Communities has a 1-year low of $12.26 and a 1-year high of $19.78.
Preferred Apartment Communities (NASDAQ:APTS) last posted its quarterly earnings data on Monday, July 31st. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.01. The business had revenue of $70.89 million for the quarter, compared to the consensus estimate of $63.74 million. Preferred Apartment Communities had a net margin of 4.66% and a negative return on equity of 4.73%. Equities research analysts anticipate that Preferred Apartment Communities will post ($1.08) EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Friday, September 15th will be issued a dividend of $0.235 per share. This represents a $0.94 annualized dividend and a yield of 4.83%. The ex-dividend date of this dividend is Thursday, September 14th.
APTS has been the topic of a number of research reports. Canaccord Genuity set a $17.00 price target on shares of Preferred Apartment Communities and gave the company a “buy” rating in a report on Monday, July 31st. BidaskClub downgraded shares of Preferred Apartment Communities from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 8th. Zacks Investment Research upgraded shares of Preferred Apartment Communities from a “strong sell” rating to a “hold” rating in a report on Friday, August 4th. FBR & Co reiterated a “market perform” rating and issued a $16.00 price target on shares of Preferred Apartment Communities in a report on Tuesday, July 11th. Finally, ValuEngine upgraded shares of Preferred Apartment Communities from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price 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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