Blackstone (NYSE: BX) and Preferred Apartments Communities, Inc. (NYSE: APTS) (“PAC” or the “Company”) today announced that Blackstone Real Estate Income Trust, Inc. (“BREIT”) has completed its previously announced acquisition of PAC for $25.00 per share of common stock, without interest, in an all-cash transaction valued at approximately $5.8 billion. The holders of each series of PAC’s
Preferred Apartment Communities (APTS) has announced that its stockholders approved the acquisition of PAC by Blackstone Real Estate Income Trust.Based on the preliminary voting…
Preferred Apartment Communities Inc. (NYSE:APTS) has a beta value of 0.98 and has seen 5.71 million shares traded in the recent trading session. The company, currently valued at $1.61B, closed the recent trade at $24.86 per share which meant it lost -$0.09 on the day or -0.36% during that session. The APTS stock price is … Preferred Apartment Communities Inc. (APTS) Has A Bright Growth Prospects For 2022 Read More »
Preferred Apartment Communities (APTS) convened and then adjourned a shareholder vote on its planned sale to Blackstone Real Estate Income Trust.The meeting is adjourned until June 17…
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Atlanta-based Preferred Apartment Communities Inc. (NYSE: APTS) has completed the acquisition of Alleia at Presidio, a 231-Unit Class A multifamily community in Fort Worth. Jeff Sherman, the companys President of [] The post Atlanta group acquires North Fort Worth apartment complex appeared first on Fort Worth Business Press .
KENNESAW, GA. Preferred Apartment Communities Inc. (PAC) has purchased The Ellison, a 250-unit, newly built multifamily community in the northern Atlanta suburb of Kennesaw. The sales price and seller were not disclosed. Robert Stickel, Alex Brown and Ashlyn Warren of Cushman & Wakefield represented the undisclosed seller in the transaction. Built in 2021, The [] The post Preferred Apartment Communities Purchases Ellison Apartments in Metro Atlanta appeared first on REBusinessOnline .
ATLANTA--(BUSINESS WIRE)--Preferred Apartment Communities, Inc. (NYSE: APTS) ("PAC" or the "Company") today completed the acquisition of The Ellison, a 250-Unit Class A multifamily community in Kennesaw, Georgia, a strong and growing submarket in the Atlanta MSA. The Ellison is currently 100% leased. The addition of The Ellison to our Sunbelt portfolio increases our total multifamily units to 11,393 and increases our multifamily units in the Atlanta MSA to 1,811, or approximately 15.9% of our m
Preferred Apartment Communities Joins Novare Group, Batson-Cook Development in Populus at Pooler Complex
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ATLANTA(BUSINESS WIRE)Preferred Apartment Communities, Inc. (NYSE: APTS) (PAC or the Company) today announced that on May 28, 2021 it closed on a real estate loan investment of up to approximately $17.0 million in connection with Novare Groups plans to develop Populus at Pooler, a 316-unit, surface parked Class A multifamily community located in the Savannah, Read More »Preferred Apartment Communities, Inc. Announces Real Estate Loan Investment in Savannah, Georgia Multifamily Development
Preferred Apartment Communities, Inc. (NYSE: APTS) (
ATLANTA--(BUSINESS WIRE)--Preferred Apartment Communities, Inc. (NYSE: APTS) ("PAC" or the "Company") today announced that its Board of Directors has unanimously appointed Joel Murphy to the additional position of Chairman of the Board. Mr. Murphy will continue to serve as President and Chief Executive Officer. The Board also unanimously appointed Howard McLure to continue to serve as its Lead Independent Director. Mr. Murphy, age 62, has served as the Companys Chief Executive Officer since Ja
ATLANTA--(BUSINESS WIRE)--Preferred Apartment Communities, Inc. (NYSE: APTS) (PAC or the Company) will hold its 2021 Annual Meeting of Stockholders (the Annual Meeting) virtually due to the public health impact of the COVID-19 pandemic and to support the health and well-being of its stockholder, associates, directors, and the community. We appreciate your understanding and look forward to your participation in our virtual meeting. Meeting Information Date: June 3, 2021 Time: 9:00 a.m., Ea
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Preferred Apartment Communities (NYSE:APTS) released its quarterly earnings results on Monday. The real estate investment trust reported ($0.73) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.24 by ($0.97), MarketWatch Earnings reports. Preferred Apartment Communities had a negative return on equity of 11.10% and a negative net margin of 38.91%. Preferred []
ATLANTA , April 8, 2021 /PRNewswire/ -- Preferred Apartment Communities, Inc. (NYSE: APTS ) ("PAC" or the "Company") today announced plans to release its first quarter 2021 earnings after the market closes on Monday, May 10, 2021 . Following are the details of … Full story available on Benzinga.com
NEW YORK, NY / ACCESSWIRE / March 2, 2021 / Preferred Apartment Communities, Inc. (NYSE:APTS) will be discussing their earnings results in their 2020 Fourth Quarter Earnings call to be held on March 2, 2021 at 11:00 AM Eastern Time.
ATLANTA, March 1, 2021 /PRNewswire/ -- Preferred Apartment Communities, Inc. (NYSE: APTS) ("we," "our," the "Company," "Preferred Apartment Communities" or "PAC") today reported results for the quarter and year ended December 31, 2020. Unless otherwise indicated, all per share results are…
Preferred Apartment Communities announce their quarterly, annual earnings. See the latest EPS estimates. Listen to the conference call and remind yourself by…
ATLANTA , Jan. 29, 2021 /PRNewswire/ -- Preferred Apartment Communities, Inc. (NYSE: APTS ) ("PAC" or the "Company") announced today how it expects its 2020 distributions to be classified for federal income tax purposes. Stockholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of these distributions. The estimated distribution classifications are shown on the charts below. This release is based on the preliminary results of work on the Company's tax filings and is subject to correction or adjustment when the filings are completed. The Company is releasing information at this time to aid those required to distribute Form 1099-DIVs on the Company's distributions. No material change in these classifications is expected. Common Stock (CUSIP # 74039L103) Record Date Payment Date Cash Distribution Per Share Ordinary Dividends Form 1099 Box 1a Total Capital Gain Distribution Form 1099 Box 2a Unrecaptured Section 1250 Gain Box 2b Nondividend Distributions Form 1099 Box 3 Section 199A Dividends Form 1099 Box 5 3/13/2020 4/15/2020 $0.2625 0% 0% 0% 100% 0% 6/15/2020 7/15/2020 $0.175 0% 0% 0% 100% 0% 9/15/2020 10/15/2020 $0.175 0% 0% 0% 100% 0% 12/15/2020 1/15/2021 $0.175 (1) 0% 0% 0% 100% 0% (1) Note: The Common Stock dividend paid on 1/15/21 is taxable in Year 2020.
Nelnet, Xperi Holding, Preferred Apartment Communities, ScanSource and StarTek are five of the top stock gainers for Tuesday.
Preferred Apartment Communities Inc. (NYSE:APTS) has been given an average rating of “Hold” by the seven analysts that are currently covering the company, MarketBeat reports. Two analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. The average 1-year price target among analysts that have issued […]
Preferred Apartment Communities Inc. (NYSE:APTS) was the recipient of a large increase in short interest in the month of September. As of September 30th, there was short interest totalling 1,610,000 shares, an increase of 17.5% from the September 15th total of 1,370,000 shares. Based on an average daily trading volume, of 459,100 shares, the short-interest […]
Preferred Apartment Communities Inc. (NYSE:APTS) saw a significant increase in short interest in September. As of September 30th, there was short interest totalling 1,610,000 shares, an increase of 17.5% from the September 15th total of 1,370,000 shares. Based on an average trading volume of 459,100 shares, the days-to-cover ratio is currently 3.5 days. Hedge funds […]
Shares of Preferred Apartment Communities Inc. (NYSE:APTS) have been assigned an average rating of “Hold” from the seven analysts that are covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating and four have given a hold rating to the company. The average 1 year target price […]
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The real estate investment trust wants to exit its student housing business.
The latest 13F reporting period has come and gone, and Insider Monkey is again at the forefront when it comes to making use of this gold mine of data. Insider Monkey finished processing 821 13F filings submitted by hedge funds and prominent investors. These filings show these funds' portfolio positions
SEOUL, South Korea, May 27, 2020 /PRNewswire/ -- By introducing SecuLetter's security solution, Korea's BNK Busan Bank has strengthened its security against Advanced Persistent Threats (APTs) between network connections. SecuLetter is a Korean information security company and a member…
Preferred Apartment Communities (APTS) delivered FFO and revenue surprises of 6.90% and 4.57%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
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ATLANTA , April 1, 2020 /PRNewswire/ -- Preferred Apartment Communities, Inc. (NYSE: APTS ) ("PAC" or the "Company") announced its acquisition of Altis Wiregrass Ranch, a newly-constructed 392-unit Class A multifamily community located in Tampa, Florida ("Altis"). Jeff Sherman , President of Multifamily said, "Despite the current near-term environment, our financial involvement in the development of this property since inception gives us a deep understanding of the positive long-term attributes of this best-in-class community and the growing market area around it.The opportunity to acquire it came through a real estate loan investment that PAC made for the development of the property over two years ago and once again illustrates the imbedded value inherent in these loans." Mr. Sherman added, "This acquisition demonstrates our commitment to our strategy of selectively adding newly constructed Class A multifamily communities to our portfolio, which we believe will translate into sustainable and growing cash flows." Altis is located in Wiregrass Ranch, a master planned mixed-use community spanning over 5,000 acres with top rated schools, medical facilities including a hospital, …
ATLANTA , March 2, 2020 /PRNewswire/ -- Preferred Apartment Communities, Inc. (NYSE: APTS ) ("PAC" or the "Company") today announced that it closed on a loan investment of up to approximately $13.4 million in connection with Terwilliger Pappas' plans to develop Solis Chestnut Farm, a 256-unit Class A multifamily community located in Charlotte, North Carolina . Jeff Sherman , the Company's Executive Vice President and Managing … Full story available on Benzinga.com
ATLANTA , Feb. 20, 2020 /PRNewswire/ -- First Quarter 2020 Common Stock Dividend Preferred Apartment Communities, Inc. (NYSE: APTS ) (the "Company") today announced that its Board of Directors declared a quarterly dividend on its common stock of $0.2625 per share of common stock payable Full story available on Benzinga.com
/PRNewswire/ -- On January 31, 2020, Preferred Apartment Communities, Inc. (NYSE: APTS) ("we," "our," "PAC," the "Company" or "Preferred Apartment…
ATLANTA, Jan. 27, 2020 /PRNewswire/ -- Preferred Apartment Communities, Inc. (NYSE: APTS) ("PAC" or the "Company") today announced plans to release its fourth quarter and year ended 2019 earnings after the market closes on Monday, February 24, 2020. Following are the details of a…
/PRNewswire/ -- Preferred Apartment Communities, Inc. (NYSE: APTS) ("PAC" or the "Company") today announced that on December 20, 2019 it acquired Morrocroft…
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Preferred Apartment Communities (APTS) delivered FFO and revenue surprises of -11.43% and 1.19%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?
ATLANTA, Nov. 4, 2019 /PRNewswire/ -- Preferred Apartment Communities, Inc. (NYSE: APTS) ("we," "our," the "Company" or "Preferred Apartment Communities") today reported results for the quarter ended September 30, 2019. Unless otherwise indicated, all per share results are reported based…
Preferred Apartment Communities (APTS) delivered FFO and revenue surprises of 16.13% and -1.82%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?
ATLANTA , July 25, 2019 /PRNewswire/ -- Preferred Apartment Communities, Inc. (NYSE: APTS ) ("PAC" or the "Company") today announced that it acquired CapTrust Tower, a 300,389 square foot office building located in the North Hills submarket of Raleigh, North Carolina . Developed in 2010, the 16-story property includes nine levels of office space atop a six-level parking podium and popular ground floor retail. The property is currently 100% leased with more than seven years of contractual, weighted average term remaining under the leases. Kane Realty Corporation will lease and manage the building. PAC acquired CapTrust Tower through its subsidiary, Preferred Office Properties. Boone DuPree, President and Chief Executive Officer for Preferred Office Properties, stated: " Raleigh is a strategic market for the Company, and this 'core' profile acquisition grows our local presence and offers entry into the high performing North Hills submarket, which is a one-of-a-kind environment with unmatched walkable amenities for our customers." Mr.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Preferred Apartment Communities (APTS) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
ATLANTA , June 12, 2019 /PRNewswire/ -- Preferred Apartment Communities, Inc. (NYSE: APTS ) ("PAC" or the "Company") today announced its acquisition of two grocery-anchored shopping centers in the Tampa / St. Petersburg and West Palm Beach, Florida MSA's. Disston Plaza, a 129,150 square foot, Publix anchored shopping center is located in a densely populated submarket of St. Petersburg with over 134,000 residents within a three-mile radius. This infill location is strategically positioned at the intersection of 49th Street North and 38th Avenue North, which has traffic counts over 40,000 vehicles per day. Polo Grounds Mall, a 130,015 square foot Publix anchored shopping center, is located in West Palm Beach and serves a dense trade area that includes 147,000 residents within a three-mile radius. Polo Grounds is located at the 70,000 vehicle per day intersection of Military Trail and Summit Blvd. PAC acquired these assets through its wholly-owned indirect subsidiary New Market Properties, LLC.
ATLANTA , May 2, 2019 /PRNewswire/ -- Second Quarter 2019 Common Stock Dividend Preferred Apartment Communities, Inc. (NYSE: APTS ), or PAC, today announced that its Board of Directors has declared a quarterly dividend on its common stock of $0.2625 per share for the second quarter of 2019. This is an increase of $0.0025 per share or approximately 1.0% over the prior quarterly dividend rate of $0.26 per share paid to common stockholders for the first quarter of 2019 and an increase of $0.0075 per share or approximately 2.9% over the dividend rate of $0.255 paid to common stockholders for the second quarter of 2018. This also represents an annualized dividend growth rate of … Full story available on Benzinga.com
Preferred Apartment Communities Inc. (NYSE:APTS) Q1 2019 Results Earnings Conference Call April 30, 2019 11:00 AM ET Company Participants Jeff Sprain - General
APTS earnings call for the period ending March 31, 2019.