Positive Press Coverage Somewhat Unlikely to Impact Preferred Apartment Communities (APTS) Stock Price
Press coverage about Preferred Apartment Communities (NYSE:APTS) has trended positive recently, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Preferred Apartment Communities earned a news sentiment score of 0.26 on Accern’s scale. Accern also assigned news headlines about the real estate investment trust an impact score of 48.5581294824943 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the media stories that may have impacted Accern’s scoring:
- $102.59 Million in Sales Expected for Preferred Apartment Communities Inc. (APTS) This Quarter (americanbankingnews.com)
- Q3 2018 EPS Estimates for Preferred Apartment Communities Inc. Reduced by SunTrust Banks (APTS) (americanbankingnews.com)
- $0.37 Earnings Per Share Expected for Preferred Apartment Communities Inc. (APTS) This Quarter (americanbankingnews.com)
- New Market acquires Naples center for $37.8 million (businessobserverfl.com)
Shares of Preferred Apartment Communities stock traded down $0.01 during midday trading on Friday, hitting $17.91. The company’s stock had a trading volume of 244,690 shares, compared to its average volume of 234,133. The stock has a market cap of $711.49 million, a PE ratio of 12.18, a price-to-earnings-growth ratio of 1.73 and a beta of 0.37. The company has a quick ratio of 0.05, a current ratio of 0.05 and a debt-to-equity ratio of 0.03. Preferred Apartment Communities has a 1-year low of $13.60 and a 1-year high of $22.71.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 15th. Investors of record on Friday, September 14th will be issued a dividend of $0.255 per share. The ex-dividend date of this dividend is Thursday, September 13th. This represents a $1.02 annualized dividend and a dividend yield of 5.70%. Preferred Apartment Communities’s dividend payout ratio is 69.39%.
Several analysts have recently commented on the company. Zacks Investment Research raised Preferred Apartment Communities from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a research report on Monday, June 11th. ValuEngine cut Preferred Apartment Communities from a “buy” rating to a “hold” rating in a research report on Wednesday, May 2nd. Four investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $18.60.
In related news, insider Michael Joseph Cronin sold 16,460 shares of the stock in a transaction on Wednesday, August 8th. The stock was sold at an average price of $17.11, for a total transaction of $281,630.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.62% of the stock is currently owned by company insiders.
Preferred Apartment Communities 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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