Things to Consider If You’re Thinking About Buying Preferred Apartment Communities, Inc. (NYSE …

Preferred Apartment Communities, Inc. (NYSE:APTS) price on Thursday, Dec 24, dropped -1.07% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $7.37.

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A look at the stock’s price movement, the close during the last trading session was $7.45, moving within a range at $7.32 and $7.45. The beta value (5-Year monthly) is 1.14 while the PE ratio in trailing twelve months stood at 0. Turning to its 52-week performance, $13.68 and $5.01 were the 52-week high and 52-week low respectively. Overall, APTS moved -12.57% over the past month.

Preferred Apartment Communities, Inc.’s market cap currently stands at around $372.63 Million, with investors looking forward to this quarter’s earnings report slated for Feb 22, 2021- Feb 26, 2021. The company has a Forward Dividend ratio of 0.7, with its dividend yield at 9.5%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report. Analysts project the company’s earnings per share (EPS) to be $8.44, which has seen fiscal year 2020 EPS growth forecast to increase to $2.19 and about -$3.58 for fiscal year 2021. Per the data, EPS growth is expected to be -1.8% for 2020 and -2.63% for the next financial year.

Analysts have a consensus estimate of $120.68 Million for the company’s revenue for the quarter, with a low and high estimate of $112.51 Million and $126.03 Million respectively. The average forecast suggests up to a -3.4% decline in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue for 2020 to grow to $501.09 Million, representing a +6.5% jump on that reported in the 2019 financial year.

Turning to the stock’s technical picture we see that short term indicators suggest on average that APTS is a 50% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.

4 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 4 analyst(s) rate the stock as a Hold, none recommend APTS as a Buy and none give it an Outperform rating. Meanwhile, none analyst(s) rate the stock as Underperform and none say it is a Sell. As such, the average rating for the stock is Hold which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.

The technical evaluation for the stock shows the PEG ratio is 0, with APTS’s current price about -6.87% and 5.74% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 45.84, while 7-day volatility ratio is 3.46% and 3.82% in the 30-day chart. Further, Preferred Apartment Communities, Inc. (APTS) has a beta value of 1.14, and an average true range (ATR) of 0.32. Analysts have given the company’s stock an average 52-week price target of $7.75, forecast between a low of $6.5 and high of $8.5. Looking at the price targets, the low is -11.8% off current price level while to achieve the yearly target high price needs to move +15.33%. Nonetheless, investors will most likely welcome a +8.55% jump to $8 that is the analysts’ median price.

In the market, a comparison of Preferred Apartment Communities, Inc. (APTS) and its peers suggest the former has performed considerably weaker. Data shows APTS’s intraday price has changed -1.07% today and -44% over the past year. Comparatively, Avalonbay Communities (AVB) has moved +0.65% on the day and only -24.28% in the past 12 months. Looking at another peer, we see that Equity Residential (EQR) price has surged 1.98% on the day. However, the stock is -27.78% off its price today a year ago. Moreover, Invitation Homes Inc (INVH) is also down -1.07% in today trading while keeping a downtrend of -44% over the past year. If we look at the PE ratio, we find that Preferred Apartment Communities, Inc.’s ratio stands at 0 compared to Avalonbay Communities’s 33.97 and Equity Residential’s 22.89. Elsewhere, the overall performance for the S&P 500 and Dow Jones Industrial shows that the indexes are up 0.35% and 0.23% respectively on the day as seen in early trades.

If we refocus on Preferred Apartment Communities, Inc. (NYSE:APTS), historical trading data shows that trading volumes averaged 646.08 Million over the past 10 days and 591.68 Million over the past 3 months. The company’s latest data on shares outstanding shows there are 49.9 Million shares.

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As per Thomson Reuters, 2.15% of Preferred Apartment Communities, Inc.’s shares are in the hands of company insiders while institutional holders own 54.61% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 1.29 Million on November 29, 2020, giving us a short ratio of 1.57. The data shows that as of November 29, 2020 short interest in Preferred Apartment Communities, Inc. (APTS) stood at 2.59% of shares outstanding, with shares short dropping from 1.57 Million registered in October. Current price change has pushed the stock -44.67% YTD, which shows the risk of further decline is there. It is this reason that could see investor optimism for the APTS stock might rise going into the next quarter.


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