Preferred Apartment Communities (NYSE:APTS) Downgraded by Zacks Investment Research to Hold

Preferred Apartment Communities stock has undergone multiple analysts rating changes in the recent past.  Preferred Apartment Communities Downgraded by Zacks Investment Research on 10-12-21. In a note to investors, the firm issued a new rating of Hold. The analysts previously had rating of Buy.

Shares of Preferred Apartment Communities traded up $0.13 on Tuesday, reaching $12.26. 0 shares of the stock traded hands, compared to its average volume of 391633. Shares of Preferred Apartment Communities were trading at $12.26 on Tuesday. The firm’s 50 day moving average is $11.94 and its 200 day moving average is $10.05.Preferred Apartment Communities has a 12 month low of $12.06 and a 12 month high of $12.85. While on yearly highs and lows, Preferred Apartment Communities’s today has traded high as $12.27 and has touched $12.06 on the downward trend. See More Analyst Rating at: RATING

Preferred Apartment Communities Earnings and What to expect: 

Preferred Apartment Communities last posted its earnings data on August 8th, 2021. The real estate investment trust reported ($0.64) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.77) by $0.13. Preferred Apartment Communities has generated $1.07 earnings per share over the last year (($2.93) diluted earnings per share). Earnings for Preferred Apartment Communities are expected to decrease by -8.16% in the coming year, from $0.98 to $0.90 per share. Preferred Apartment Communities has confirmed that its next quarterly earnings report will be published on Monday, November 8th, 2021. Preferred Apartment Communities will be holding an earnings conference call on Tuesday, November 9th at 11:00 AM Eastern. Interested parties can or dial in at 412-317-0088 with passcode “10159932”.

Earnings for Preferred Apartment Communities are expected to decrease by -8.16% in the coming year, from $0.98 to $0.90 per share. The P/E ratio of Preferred Apartment Communities is -4.18, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of Preferred Apartment Communities is -4.18, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Preferred Apartment Communities has a PEG Ratio of 1.77. PEG Ratios above 1 indicate that a company could be overvalued. Preferred Apartment Communities has a P/B Ratio of 0.43. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Preferred Apartment Communities (NYSE:APTS) Moving Average Technical Analysis

5 day Moving Average is $12.23 And 5 day price change is -$0.15 (-1.21%)  with average volume for 5 day average is 278,500. While technical analysis for average 20 days shows significant difference, 20 day moving average is  $12.07 and 20 day price change is $0.70 (6.06%) and average 20 day moving volume is 390,545. 50 day moving average is $11.94  and 50 day price change is $1.67 ( 15.77%)  and with average volume for 50 days is : 371,716. 200 day moving average is $10.05  and 200 day price change is $4.89 (66.35%)  and with average volume for 200 days is : 403,777.

Other owners latest trading in Preferred Apartment Communities :

  • On 10/8/2021 shares held by Wedbush Securities Inc. were 26,459 which equates to market value of $0.32M and appx 0.00% owners of Preferred Apartment Communities
  • On 10/7/2021 shares held by State of Alaska Department of Revenue were 26,476 which equates to market value of $0.32M and appx 0.00% owners of Preferred Apartment Communities
  • On 9/7/2021 shares held by Newbridge Financial Services Group Inc. were 12,360 which equates to market value of $0.12M and appx 0.10% owners of Preferred Apartment Communities
  • In total Institutional ownership equates to Institutional Ownership Percentage: 49.56% for Preferred Apartment Communities

See More Analyst Rating at: RATING