Preferred Apartment Communities (NYSE:APTS) - Stock Price, News & Analysis

This company has been acquired

The company may no longer be operating, as it has been acquired. Find out why through their latest events.

APTS Stock Overview

APTS fundamental analysis
Snowflake Score
Valuation	3/6
Future Growth	0/6
Past Performance	0/6
Financial Health	3/6
Dividends	3/6

Rewards

Risk Analysis

Earnings have declined by 32.9% per year over past 5 years

Currently unprofitable and not forecast to become profitable over the next 3 years

Dividend of 2.8% is not well covered by earnings

Shareholders have been diluted in the past year

Preferred Apartment Communities, Inc. Competitors

Veris Residential

NYSE:VRE

US$1.5b

Elme Communities

NYSE:ELME

US$1.3b

Apartment Investment and Management

NYSE:AIV

US$1.3b

NexPoint Residential Trust

NYSE:NXRT

US$846.4m

Price History & Performance

Summary of all time highs, changes and price drops for Preferred Apartment Communities
Historical stock prices
Current Share Price	US$25.00
52 Week High	US$25.80
52 Week Low	US$9.64
Beta	0.98
1 Month Change	0.20%
3 Month Change	0.40%
1 Year Change	149.25%
3 Year Change	67.22%
5 Year Change	58.73%
Change since IPO	153.81%

Merger Arbitrage Mondays: 3 Potential Deals Come To Fruition

Feb 21

Recent updates

Merger Arbitrage Mondays: 3 Potential Deals Come To Fruition

Feb 21

Preferred Apartment: Huge Portfolio Restructuring Can Bear Fruit For Investors

Jan 06

Preferred Apartment Communities: You Have To Buy A Lot Of 'Rough' To Get The Diamond

Oct 15

Have Insiders Been Buying Preferred Apartment Communities, Inc. (NYSE:APTS) Shares This Year?

Mar 18

Reflecting on Preferred Apartment Communities' (NYSE:APTS) Share Price Returns Over The Last Three Years

Feb 11

Shareholder Returns

	APTS	US REITs	US Market
7D	0.2%	0.7%	-3.2%
1Y	149.3%	-9.6%	19.3%

Return vs Industry: APTS exceeded the US REITs industry which returned -8.6% over the past year.

Return vs Market: APTS exceeded the US Market which returned -18.5% over the past year.

Price Volatility

Is APTS's price volatile compared to industry and market?
APTS volatility
APTS Average Weekly Movement	0.3%
REITs Industry Average Movement	4.0%
Market Average Movement	6.0%
10% most volatile stocks in US Market	16.5%
10% least volatile stocks in US Market	3.0%

Stable Share Price: APTS has not had significant price volatility in the past 3 months.

Volatility Over Time: APTS's weekly volatility (0%) has been stable over the past year.

About the Company

Founded	Employees	CEO	Website
2009	366	Joel Murphy	pacapts.com

Preferred Apartment Communities, Inc. (NYSE: APTS) is a real estate investment trust engaged primarily in the ownership and operation of Class A multifamily properties, with select investments in grocery anchored shopping centers, Class A office buildings, and student housing properties. Preferred Apartment Communities' investment objective is to generate attractive, stable returns for stockholders by investing in income-producing properties and acquiring or originating real estate loans for multifamily properties. As of September 30, 2020, the Company owned or was invested in 125 properties in 15 states, predominantly in the Southeast region of the United States.

Preferred Apartment Communities, Inc. Fundamentals Summary

How do Preferred Apartment Communities's earnings and revenue compare to its market cap?
APTS fundamental statistics
Market cap	US$1.61b
Earnings (TTM)	-US$131.86m
Revenue (TTM)	US$439.74m

3.6x

P/S Ratio

-12.1x

P/E Ratio

Is APTS overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
APTS income statement (TTM)
Revenue	US$439.74m
Cost of Revenue	US$144.88m
Gross Profit	US$294.86m
Other Expenses	US$426.72m
Earnings	-US$131.86m

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	-2.07
Gross Margin	67.05%
Net Profit Margin	-29.99%
Debt/Equity Ratio	206.9%

How did APTS perform over the long term?

See historical performance and comparison

Dividends

2.8%

Current Dividend Yield

2,168%

Payout Ratio

This company has been acquired

APTS Stock Overview

Rewards

Risk Analysis

Preferred Apartment Communities, Inc. Competitors

NYSE:VRE

US$1.5b

NYSE:ELME

US$1.3b

NYSE:AIV

US$1.3b

NYSE:NXRT

US$846.4m

Price History & Performance

Recent News & Updates

Blackstone Real Estate Income Trust, Inc. (BREIT) completed the acquisition of Preferred Apartment Communities, Inc. (NYSE:APTS).

Preferred Apartment Communities Common Stock No Longer Be Listed on the New York Stock Exchange

Merger Arbitrage Mondays: 3 Potential Deals Come To Fruition

Preferred Apartment Communities, Inc. Provides Dividend Guidance for the First Quarter of 2022

Price target increased to US$17.60

Preferred Apartment Communities, Inc. to Report Q4, 2021 Results on Feb 28, 2022

Recent updates

Blackstone Real Estate Income Trust, Inc. (BREIT) completed the acquisition of Preferred Apartment Communities, Inc. (NYSE:APTS).

Preferred Apartment Communities Common Stock No Longer Be Listed on the New York Stock Exchange

Merger Arbitrage Mondays: 3 Potential Deals Come To Fruition

Preferred Apartment Communities, Inc. Provides Dividend Guidance for the First Quarter of 2022

Price target increased to US$17.60

Preferred Apartment Communities, Inc. to Report Q4, 2021 Results on Feb 28, 2022

Price target increased to US$16.40

Price target increased to US$15.80

Preferred Apartment: Huge Portfolio Restructuring Can Bear Fruit For Investors

Upcoming dividend of US$0.17 per share

Price target increased to US$13.67

Third quarter 2021 earnings released: US$0.32 FFO loss per share (vs US$0.18 profit in 3Q 2020)

Preferred Apartment Communities: You Have To Buy A Lot Of 'Rough' To Get The Diamond

Preferred Apartment Communities, Inc. (NYSE:APTS) acquired The Kingson, 240 Unit Class A Multifamily Community in Fredericksburg, Virginia.

Northwood Investors LLC completed the acquisition of Armour Yards Portfolio from Preferred Apartment Communities, Inc. (NYSE:APTS).

Upcoming dividend of US$0.17 per share

Consensus forecasts updated

Price target increased to US$11.80

Second quarter 2021 earnings released: US$0.65 loss per share (vs US$1.06 loss in 2Q 2020)

An unknown buyer acquired Vineyards, a 369-unit multifamily community located in Houston, Texas from Preferred Apartment Communities, Inc.

Preferred Apartment Communities, Inc. (NYSE:APTS) acquired The Ellison multifamily community in Kennesaw, Georgia.

Consensus forecasts updated

Independent Director recently bought US$53k worth of stock

Upcoming dividend of US$0.17 per share

Executive Chairman Daniel DuPree has left the company

First quarter 2021 earnings released: FFO US$0.16 per share (vs US$3.61 loss in 1Q 2020)

Preferred Apartment Communities, Inc. Declares Quarterly Dividend , Payable on July 15, 2021

Price target increased to US$10.20

Consensus EPS estimates fall to -US$3.28

Have Insiders Been Buying Preferred Apartment Communities, Inc. (NYSE:APTS) Shares This Year?

Analysts update estimates

Full year 2020 earnings released: US$6.95 loss per share (vs US$2.73 loss in FY 2019)

Revenue beats expectations, earnings disappoint

New 90-day high: US$8.62

Reflecting on Preferred Apartment Communities' (NYSE:APTS) Share Price Returns Over The Last Three Years

Preferred Apartment Communities, Inc. to Report Q4, 2020 Results on Mar 01, 2021

Preferred Apartment Communities, Inc. (NYSE:APTS) acquired The Menlo.

Preferred Apartment sums up November, December capital actions

Freddie apartment investment market index rebounds in Q3

Preferred Apartment Communities goes ex-dividend on Monday

Bipartisan relief plan includes extended eviction moratorium, rental aid

Preferred Apartment Communities: The Riskiest Bet On Apartments

Preferred Apartment to redeem $208.8M of preferred stock

Preferred Apartment Communities, Inc. (NYSE:APTS) acquired The Blake in Orlando, Florida.

Third quarter 2020 earnings released: FFO US$0.18 per share

Revenue and earnings beat expectations

Preferred Apartment +1.5% after Q3 results beat, rise from Q2

TPG Real Estate Partners Investments LLC completed the acquisition of portfolio of eight student housing communities from Preferred Apartment Communities, Inc. (NYSE:APTS).

Preferred Apartment Communities, Inc. to Report Q3, 2020 Results on Nov 09, 2020

Analysts update estimates

Price target lowered to US$7.20

TPG Real Estate Partners Investments LLC entered into a purchase and sale agreement to acquire portfolio of eight student housing communities from Preferred Apartment Communities, Inc. (NYSE:APTS) for approximately $480 million.

New 90-day low - US$6.44

Upcoming Dividend of US$0.17 Per Share

New 90-day low - US$6.92

First half earnings released

Price target lowered to US$8.10

Preferred Apartment Communities, Inc. (NYSE:APTS) acquired Parkside at the Beach.