Preferred Apartment Communities, Inc. (NYSE:APTS) is reporting third quarter earnings results on Monday 9th November 2020, after market close.
The consensus estimates from Thomson Reuters are loss of $ 0.76 per share.
For the full year, analysts predict revenues of $ 503.37 million, while looking forward to loss of $ 6.95 per share.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 1.07 ~ $ 1.14 per share
Click Here For More Historical Outlooks Of Preferred Apartment Communities, Inc.
Previous Quarter Performance
Preferred Apartment Communities, Inc. announced income for the second quarter of $ 0.21 per share, from the revenue of $ 123.28 million. According to street consensus, APTS was expected to report 2Q20 loss of $ 0.76 per share from revenue of $ 125.02 million. The bottom line results beat street analysts by $ 0.97 or 127.63 percent, at the same time, top line results fell short of analysts by $ 1.74 million or 1.39 percent.
Stock Performance
On Friday, shares of Preferred Apartment Communities, Inc. has traded high as $ 5.60 and has cracked $ 5.34 on the downward trend, reaching $ 5.38 with volume of 391.20 thousand shares.
According to the previous trading day, closing price of $ 5.38, representing a 8.58 % increase from the 52 week low of $ 5.01 and a 61.34 % decrease over the 52 week high of $ 14.07.
The company has a market capital of $ 271.41 million and is part of the Real Estate sector and REIT – Residential industry.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.175 per share on August 6, 2020. The dividend were payable on October 15, 2020 to holders of record as of the close of business on September 15, 2020 and ex-dividend date on September 14, 2020.
Preferred Apartment Communities, Inc. is a Maryland corporation formed primarily to own and operate multifamily properties and, to a lesser extent, own and operate student housing properties, grocery-anchored shopping centers and strategically located, well leased class A office buildings, all in select targeted markets throughout the United States. As part of our business strategy, we may enter into forward purchase contracts or purchase options for to-be-built multifamily communities and we may make real estate related loans, provide deposit arrangements, or provide performance assurances, as may be necessary or appropriate, in connection with the development of multifamily communities.
