Preferred Apartment Communities (APTS) Earning Somewhat Favorable Press Coverage, Analysis Finds

Media headlines about Preferred Apartment Communities (NASDAQ:APTS) have been trending somewhat positive this week, according to Accern Sentiment. The research group scores the sentiment of news coverage by analyzing more than 20 million blog and news 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 Communities earned a news sentiment score of 0.12 on Accern’s scale. Accern also gave headlines about the real estate investment trust an impact score of 47.0746053687519 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

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

Preferred Apartment Communities (NASDAQ APTS) opened at $20.56 on Friday. Preferred Apartment Communities has a twelve month low of $12.42 and a twelve month high of $20.84.

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

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Friday, December 15th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 4.86%. The ex-dividend date is Thursday, December 14th. This is an increase from Preferred Apartment Communities’s previous quarterly dividend of $0.24.

A number of research firms have recently issued reports on APTS. Zacks Investment Research raised shares of Preferred Apartment Communities from a “strong sell” rating to a “hold” rating in a research report on Friday, August 4th. BidaskClub lowered shares of Preferred Apartment Communities from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 31st. B. Riley increased their price target on shares of Preferred Apartment Communities from $16.00 to $17.00 and gave the stock a “neutral” rating in a research report on Wednesday. Canaccord Genuity set a $20.00 price target on shares of Preferred Apartment Communities and gave the stock a “buy” rating in a research report on Thursday, August 10th. Finally, ValuEngine raised shares of Preferred Apartment Communities from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $19.20.

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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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