Preferred Apartment Communities (APTS) Getting Somewhat Favorable News Coverage, Analysis Finds

Media headlines about Preferred Apartment Communities (NASDAQ:APTS) have trended somewhat positive recently, according to Accern. The research firm identifies negative and positive press coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Preferred Apartment Communities earned a media sentiment score of 0.02 on Accern’s scale. Accern also gave headlines about the real estate investment trust an impact score of 47.5279027925879 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

These are some of the news headlines that may have effected Accern Sentiment Analysis’s scoring:

Shares of Preferred Apartment Communities (APTS) traded up $0.03 during trading on Friday, hitting $21.10. The company had a trading volume of 316,900 shares, compared to its average volume of 291,494. Preferred Apartment Communities has a one year low of $12.42 and a one year high of $21.23.

Preferred Apartment Communities (NASDAQ:APTS) last announced its earnings results on Monday, October 30th. The real estate investment trust reported ($0.49) EPS for the quarter, missing analysts’ consensus estimates of ($0.31) by ($0.18). The business had revenue of $74.90 million for the quarter, compared to the consensus estimate of $67.86 million. Preferred Apartment Communities had a net margin of 4.66% and a negative return on equity of 4.73%.

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 dividend on an annualized basis and a dividend yield of 4.74%. The ex-dividend date is Thursday, December 14th. This is an increase from Preferred Apartment Communities’s previous quarterly dividend of $0.24. Preferred Apartment Communities’s dividend payout ratio is currently -94.00%.

A number of analysts have recently weighed in on the company. Zacks Investment Research lowered Preferred Apartment Communities from a “buy” rating to a “hold” rating in a research note on Friday, November 3rd. BidaskClub lowered Preferred Apartment Communities from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 31st. B. Riley reissued a “neutral” rating and set a $17.00 price objective (up previously from $16.00) on shares of Preferred Apartment Communities in a research note on Thursday, November 2nd. ValuEngine raised 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 company a “buy” rating in a research note on Thursday, August 10th. Three analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. Preferred Apartment Communities has an average rating of “Buy” and an average price target of $19.20.

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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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