Somewhat Positive News Coverage Somewhat Unlikely to Impact Preferred Apartment Communities (APTS) Stock Price

Media stories about Preferred Apartment Communities (NYSE:APTS) have trended somewhat positive recently, according to Accern. The research group identifies negative and positive press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Preferred Apartment Communities earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned news headlines about the real estate investment trust an impact score of 46.2889980849531 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

These are some of the news headlines that may have impacted Accern Sentiment’s scoring:

APTS has been the subject of several analyst reports. B. Riley increased their price target on shares of Preferred Apartment Communities from $16.00 to $17.00 and gave the company a “neutral” rating in a research note on Wednesday, November 1st. Zacks Investment Research raised shares of Preferred Apartment Communities from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a research report on Thursday, November 2nd. SunTrust Banks assumed coverage on shares of Preferred Apartment Communities in a research report on Thursday, January 11th. They set a “hold” rating and a $20.00 price objective for the company. National Securities increased their price objective on shares of Preferred Apartment Communities from $20.00 to $26.00 and gave the stock a “buy” rating in a research report on Wednesday, November 29th. Finally, BidaskClub raised shares of Preferred Apartment Communities from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, November 14th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, two have given a buy rating and two have assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $20.33.

Preferred Apartment Communities (NYSE:APTS) traded down $0.06 during trading hours on Friday, hitting $17.06. 418,875 shares of the company were exchanged, compared to its average volume of 521,065. The company has a debt-to-equity ratio of 0.05, a current ratio of 0.07 and a quick ratio of 0.07. The stock has a market cap of $557.33, a PE ratio of -17.06, a P/E/G ratio of 1.58 and a beta of 0.43. Preferred Apartment Communities has a 1 year low of $12.42 and a 1 year high of $22.71.

Preferred Apartment Communities (NYSE:APTS) last posted its quarterly earnings data on Monday, October 30th. The real estate investment trust reported ($0.49) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.31) by ($0.18). The company had revenue of $74.90 million for the quarter, compared to analysts’ expectations of $67.86 million. Preferred Apartment Communities had a return on equity of 2.78% and a net margin of 10.49%. equities analysts predict that Preferred Apartment Communities will post 1.45 earnings per share for the current year.

In related news, insider Michael Joseph Cronin sold 2,500 shares of the stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $21.25, for a total transaction of $53,125.00. Following the completion of the transaction, the insider now owns 16,460 shares of the company’s stock, valued at approximately $349,775. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Daniel M. Dupree sold 17,000 shares of the stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $21.08, for a total transaction of $358,360.00. Following the transaction, the insider now directly owns 99,564 shares of the company’s stock, valued at approximately $2,098,809.12. The disclosure for this sale can be found here. In the last ninety days, insiders have purchased 1,850 shares of company stock valued at $39,349 and have sold 21,500 shares valued at $452,685. Company insiders own 3.11% of the company’s stock.

TRADEMARK VIOLATION WARNING: “Somewhat Positive News Coverage Somewhat Unlikely to Impact Preferred Apartment Communities (APTS) Stock Price” was reported by BBNS and is the sole property of of BBNS. If you are viewing this article on another publication, it was illegally stolen and reposted in violation of US and international copyright and trademark law. The legal version of this article can be read at https://baseballnewssource.com/markets/somewhat-positive-news-coverage-somewhat-unlikely-to-impact-preferred-apartment-communities-apts-stock-price/1871120.html.

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.

Insider Buying and Selling by Quarter for Preferred Apartment Communities (NYSE:APTS)

Receive News & Ratings for Preferred Apartment Communities Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Preferred Apartment Communities and related companies with MarketBeat.com's FREE daily email newsletter.

 


Latest News

Eric Hosmer Agrees to Eight-Year Deal with San Diego Padres
Eric Hosmer Agrees to Eight-Year Deal with San Diego Padres
Report: Eduardo Nunez and Red Sox Agree to Deal for One Year
Report: Eduardo Nunez and Red Sox Agree to Deal for One Year
Los Angeles Angels Plan to Use Shohei Ohtani in Six-Man Rotation
Los Angeles Angels Plan to Use Shohei Ohtani in Six-Man Rotation
Cubs Sign Free Agent Yu Darvish
Cubs Sign Free Agent Yu Darvish
Mother of Pittsburgh Pirates Player Elias Diaz Has Been Kidnapped
Mother of Pittsburgh Pirates Player Elias Diaz Has Been Kidnapped
Giants Will Retire No. 25 of Barry Bonds in August
Giants Will Retire No. 25 of Barry Bonds in August


Leave a Reply

 
© 2006-2018 BBNS.