Preferred Apartment Communities (APTS) Earning Somewhat Favorable News Coverage, Study Finds

Media coverage about Preferred Apartment Communities (NASDAQ:APTS) has trended somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies positive and negative media coverage by reviewing more than 20 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 news impact score of 0.17 on Accern’s scale. Accern also assigned press coverage about the real estate investment trust an impact score of 46.7746810260815 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

These are some of the news stories that may have impacted Accern’s scoring:

Several analysts have recently commented on the company. Zacks Investment Research cut Preferred Apartment Communities from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 3rd. ValuEngine upgraded Preferred Apartment Communities from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. Canaccord Genuity set a $20.00 target price on Preferred Apartment Communities and gave the stock a “buy” rating in a report on Thursday, August 10th. BidaskClub upgraded Preferred Apartment Communities from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 1st. Finally, FBR & Co restated a “market perform” rating and set a $16.00 target price on shares of Preferred Apartment Communities in a report on Tuesday, July 11th. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $17.63.

Preferred Apartment Communities (NASDAQ APTS) traded down 1.81% during trading on Monday, reaching $20.12. The company had a trading volume of 308,481 shares. The firm’s 50 day moving average price is $19.20 and its 200 day moving average price is $16.96. Preferred Apartment Communities has a 12-month low of $12.42 and a 12-month high of $20.72. The firm’s market capitalization is $670.42 million.

Preferred Apartment Communities (NASDAQ:APTS) last announced its earnings results on Monday, July 31st. The real estate investment trust reported $0.37 EPS for the quarter, beating the consensus estimate of $0.36 by $0.01. Preferred Apartment Communities had a negative return on equity of 4.73% and a net margin of 4.66%. The company had revenue of $70.89 million for the quarter, compared to analyst estimates of $63.74 million. Analysts anticipate that Preferred Apartment Communities will post ($1.08) earnings per share for the current year.

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 given a dividend of $0.25 per share. This is a positive change from Preferred Apartment Communities’s previous quarterly dividend of $0.24. The ex-dividend date is Thursday, December 14th. This represents a $1.00 annualized dividend and a dividend yield of 4.97%.

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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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