Somewhat Positive Press Coverage Somewhat Unlikely to Affect Preferred Apartment Communities (APTS) Stock Price
News articles about Preferred Apartment Communities (NASDAQ:APTS) have been trending somewhat positive recently, Accern Sentiment reports. The research firm rates the sentiment of news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Preferred Apartment Communities earned a daily sentiment score of 0.15 on Accern’s scale. Accern also gave media stories about the real estate investment trust an impact score of 45.507284248883 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the media stories that may have impacted Accern Sentiment’s rankings:
- Hello. My name is Porsche. I run a health and wellness company and work a lot with rural communities. I teach practical healthful living, basic nutrit (askmefast.com)
- Preferred Apartment Communities Inc. (APTS) Given Consensus Recommendation of “Buy” by Brokerages (americanbankingnews.com)
- China Petroleum & Chemical Corporation (SNP) has a value of $79.02 per share While Preferred Apartment … – Stocks Gallery (stocksgallery.com)
- Analysts Suggest to Strong Buy stock: Preferred Apartment Communities, Inc. (APTS) – Street Observer (press release) (streetobserver.com)
- Preferred Apartment Communities Inc (APTS): Technicals in Focus – Akron Register (akronregister.com)
APTS has been the topic of several analyst reports. BidaskClub downgraded Preferred Apartment Communities from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 8th. Zacks Investment Research raised shares of Preferred Apartment Communities from a “sell” rating to a “hold” rating in a research note on Wednesday, May 31st. FBR & Co set a $15.00 target price on shares of Preferred Apartment Communities and gave the stock a “hold” rating in a research note on Wednesday, May 31st. National Securities reissued a “buy” rating and set a $20.00 target price (up from $16.00) on shares of Preferred Apartment Communities in a research note on Tuesday, May 23rd. Finally, ValuEngine raised shares of Preferred Apartment Communities from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $17.30.
Preferred Apartment Communities (NASDAQ APTS) traded up 1.17% during midday trading on Monday, hitting $18.17. 246,562 shares of the stock traded hands. Preferred Apartment Communities has a one year low of $12.02 and a one year high of $18.55. The company’s 50 day moving average is $17.96 and its 200-day moving average is $15.63. The company’s market cap is $605.44 million.
Preferred Apartment Communities (NASDAQ:APTS) last issued its quarterly earnings results on Monday, July 31st. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.36 by $0.01. Preferred Apartment Communities had a net margin of 4.66% and a negative return on equity of 4.73%. The business had revenue of $70.89 million for the quarter, compared to analyst estimates of $63.74 million. On average, equities research analysts forecast that Preferred Apartment Communities will post ($1.08) EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Friday, September 15th will be paid a dividend of $0.235 per share. The ex-dividend date is Thursday, September 14th. This represents a $0.94 dividend on an annualized basis and a dividend yield of 5.23%.
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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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