News stories about Preferred Apartment (NYSE:APTS) have been trending somewhat positive recently, Accern Sentiment Analysis reports. The research group identifies positive and negative media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Preferred Apartment earned a coverage optimism score of 0.22 on Accern’s scale. Accern also gave media stories about the real estate investment trust an impact score of 46.3025075455589 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the media stories that may have effected Accern Sentiment Analysis’s rankings:
A number of equities analysts have commented on the stock. Zacks Investment Research upgraded shares of Preferred Apartment from a “strong sell” rating to a “hold” rating in a research report on Wednesday, April 11th. B. Riley set a $16.00 price objective on shares of Preferred Apartment and gave the stock a “hold” rating in a research report on Wednesday, February 28th. DA Davidson set a $18.00 price objective on shares of Preferred Apartment and gave the stock a “buy” rating in a research report on Thursday, March 1st. SunTrust Banks assumed coverage on shares of Preferred Apartment in a research report on Thursday, January 11th. They set a “hold” rating and a $20.00 price objective for the company. Finally, ValuEngine upgraded shares of Preferred Apartment from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st. Four equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $19.29.
Shares of NYSE:APTS traded down $0.02 on Tuesday, reaching $14.57. 213,673 shares of the company were exchanged, compared to its average volume of 465,857. The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 0.04. Preferred Apartment has a 1-year low of $13.60 and a 1-year high of $22.71. The stock has a market cap of $567.42, a PE ratio of 9.92, a price-to-earnings-growth ratio of 1.41 and a beta of 0.29.
Preferred Apartment (NYSE:APTS) last posted its quarterly earnings results on Monday, February 26th. The real estate investment trust reported $0.36 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.64) by $1.00. Preferred Apartment had a net margin of 9.41% and a return on equity of 2.46%. The business had revenue of $81.65 million for the quarter, compared to analysts’ expectations of $83.27 million. During the same period in the prior year, the company posted $0.32 EPS. The business’s revenue for the quarter was up 38.4% on a year-over-year basis. equities analysts anticipate that Preferred Apartment will post 1.47 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, April 16th. Stockholders of record on Thursday, March 15th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Wednesday, March 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 6.86%. Preferred Apartment’s dividend payout ratio (DPR) is presently 68.03%.
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Preferred Apartment Company Profile
Preferred Apartment Communities, Inc (NYSE: APTS), or the Company, is a Maryland corporation formed primarily to acquire and operate multifamily properties in select targeted markets throughout the United States. As part of our business strategy, we may enter into forward purchase contracts or purchase options for to-be-built multifamily communities and we may make real estate related loans, provide deposit arrangements or provide performance assurances, as may be necessary or appropriate, in connection with the development of multifamily communities and other properties.
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