Preferred Apartment Communities, Inc. (NYSE:APTS) is reporting second quarter financial results on Monday 10th August 2020, after market close.
According to analysts surveyed by Thomson Reuters, APTS is expected to report 2Q20 loss of $ 0.76 per share from revenue of $ 125.02 million.
For the full year, analysts anticipate top line of $ 511.92 million, while looking forward to loss of $ 6.66 per share bottom line.
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. revealed income for the first quarter of $ 0.38 per share, from the revenue of $ 131.10 million. The quarterly revenues elevated 17.38 percent compared with the same quarter last year. Street analysts expected Preferred Apartment Communities, Inc. to report loss of $ 0.76 per share on revenue of $ 123.97 million for the first quarter. The bottom line results beat street analysts by $ 1.14 or 150.00 percent, at the same time, top line results outshined analysts by $ 7.13 million or 5.75 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of APTS was $ 7.41, representing a 40.61 % increase from the 52 week low of $ 5.27 and a 51.02 % decrease over the 52 week high of $ 15.13.
The company has a market capital of $ 352.61 million and is part of the Real Estate sector and REIT – Residential industry.
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Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.175 per share on May 11, 2020. The dividend were payable on July 15, 2020 to holders of record as of the close of business on June 15, 2020 and ex-dividend date on June 12, 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.
