Preferred Apartment Communities Inc. (APTS) To Go Ex-Dividend on September 14th

Preferred Apartment Communities Inc. (NASDAQ:APTS) declared a quarterly dividend on Tuesday, August 8th, Wall Street Journal reports. Investors of record on Friday, September 15th will be given a dividend of 0.235 per share by the real estate investment trust on Monday, October 16th. This represents a $0.94 dividend on an annualized basis and a yield of 5.29%. The ex-dividend date of this dividend is Thursday, September 14th.

Preferred Apartment Communities (NASDAQ APTS) opened at 17.8329 on Wednesday. The company has a 50-day moving average price of $17.80 and a 200-day moving average price of $15.55. Preferred Apartment Communities has a 1-year low of $12.02 and a 1-year high of $18.55. The company’s market cap is $594.21 million.

Preferred Apartment Communities (NASDAQ:APTS) last released its earnings results on Monday, July 31st. The real estate investment trust reported $0.37 earnings per share for the quarter, beating 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 company had revenue of $70.89 million for the quarter, compared to analysts’ expectations of $63.74 million. On average, analysts expect that Preferred Apartment Communities will post ($1.08) EPS for the current fiscal year.

APTS has been the topic of a number of analyst reports. BidaskClub cut shares of Preferred Apartment Communities from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 8th. Zacks Investment Research upgraded 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 company a “hold” rating in a research note on Wednesday, May 31st. National Securities restated a “buy” rating and set a $20.00 target price (up previously from $16.00) on shares of Preferred Apartment Communities in a research note on Tuesday, May 23rd. Finally, Canaccord Genuity set a $17.00 target price on shares of Preferred Apartment Communities and gave the company a “buy” rating in a research note on Monday, July 31st. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $17.30.

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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.

Dividend History for Preferred Apartment Communities (NASDAQ:APTS)

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