Preferred Apartment Communities, Inc. (NYSE:APTS) has a beta value of 0.92 and has seen 418,535 shares traded in the last trading session. The company, currently valued at $421.66 Million, closed the last trade at $8.45 per share which meant it lost -$0.12 on the day or -1.4% during that session. The APTS stock price is -66.51% off its 52-week high price of $14.07 and 40.71% above the 52-week low of $5.01. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.07 Million shares traded. The 3-month trading volume is 594.48 Million shares.
The consensus among analysts is that Preferred Apartment Communities, Inc. (APTS) is a Hold stock at the moment, with a recommendation rating of 2.8. None of the analysts rate the stock as a Sell, while none rate it as Overweight. 4 out of 5 have rated it as a Hold, with 1 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is $8.44.
Preferred Apartment Communities, Inc. (NYSE:APTS) trade information
Despite being -1.4% in the red today, the stock has traded in the green over the last five days, with the highest price hit on Friday, Nov 20 when the APTS stock price touched $8.61-1 or saw a rise of 1.86%. Year-to-date, Preferred Apartment Communities, Inc. shares have moved -36.56%, while the 5-day performance has seen it change 14.5%. Over the past 30 days, the shares of Preferred Apartment Communities, Inc. (NYSE:APTS) have changed 55.33%. Short interest in the company has seen 1.57 Million shares shorted with days to cover at 0.
Wall Street analysts have a consensus price target for the stock at $7.7, which means that the shares’ value could jump -8.88% from current levels. The projected low price target is $6.5 while the price target rests at a high of $11. In that case, then, we find that the current price level is +30.18% off the targeted high while a plunge would see the stock lose -23.08% from current levels.
Preferred Apartment Communities, Inc. (APTS) estimates and forecasts
Figures show that Preferred Apartment Communities, Inc. shares have underperformed across the wider relevant industry. The company’s shares have gained +7.78% over the past 6 months, with this year growth rate of -25.55%, compared to -6.2% for the industry. Other than that, the company has, however, increased its growth outlook for the 2020 fiscal year revenue. Growth estimates for the current quarter are 1288.7% and 81.1% for the next quarter. Revenue growth from the last financial year stood is estimated to be +6.8%.
4 analysts offering their estimates for the company have set an average revenue estimate of $122.6 Million for the current quarter. 3 have an estimated revenue figure of $122.79 Million for the next quarter concluding in March 01, 2021. Year-ago sales stood $124.87 Million and $131.1 Million respectively for this quarter and the next, and analysts expect sales will grow by -1.8% for the current quarter and -6.3% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -55% over the past 5 years. Earnings growth for 2020 is a modest -152.9% while over the next 5 years, the company’s earnings are expected to increase by 7%.
Preferred Apartment Communities, Inc. is expected to release its next earnings report between November 09 and November 09 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.7 at a share yield of 8.17%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 7.35%.
Preferred Apartment Communities, Inc. (NYSE:APTS)’s Major holders
Insiders own 2.15% of the company shares, while shares held by institutions stand at 54.68% with a share float percentage of 55.88%. Investors are also buoyed by the number of investors in a company, with Preferred Apartment Communities, Inc. having a total of 226 institutions that hold shares in the company. The top two institutional holders are Vanguard Group, Inc. (The) with over 4.62 Million shares worth more than $24.92 Million. As of September 29, 2020, Vanguard Group, Inc. (The) held 9.25% of shares outstanding.
The other major institutional holder is Blackrock Inc., with the holding of over 3.19 Million shares as of September 29, 2020. The firm’s total holdings are worth over $17.23 Million and represent 6.4% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Specialized-Real Estate Index Fund and Invesco ETF Tr-Invesco KBW Premium Yld Equity REIT ETF. As of July 30, 2020, the former fund manager holds about 4.16% shares in the company for having 2076725 shares of worth $15.01 Million while later fund manager owns 1.4 Million shares of worth $7.59 Million as of October 30, 2020, which makes it owner of about 2.82% of company’s outstanding stock.