Brokerages Expect Preferred Apartment (APTS) Will Post Earnings of $0.35 Per Share

Lloyd Doyle
May 17, 2018

SILVERSTEIN LEONARD A also bought $6,930 worth of Preferred Apartment Communities, Inc. The Kcm Investment Advisors Llc holds 317,420 shares with $6.43M value, up from 298,870 last quarter. Mid-America Apartment Communities has a twelve month low of $90.73 and a twelve month high of $92.21. It has ranged in price between $13.89-$14.12 after having started the session at $14.09 as compared to the previous trading day's close of $14.18. About 150,137 shares traded. (NYSE:MAA). Daiwa Sb Investments Ltd reported 0% in Mid-America Apartment Communities, Inc. Kosmos Energy Ltd. (NYSE:KOS) has risen 2.34% since May 16, 2017 and is uptrending. It has underperformed by 24.36% the S&P500. They expect $1.48 earnings per share, 0.00 % or $0.00 from last year's $1.48 per share.

MAA traded down $0.73 on Friday, hitting $89.61. It has underperformed by 15.30% the S&P500. The firm has a market capitalization of $10.47 billion, a P/E ratio of 15.41, a price-to-earnings-growth ratio of 2.19 and a beta of 0.34. It has a 28.68 P/E ratio. It operates 2,823 food stores under the Biedronka name; and a chain of 182 stores in the drugstore sector under the Hebe banner in Poland, as well as 389 food stores under the Ara name in Colombia. Jefferies Group also issued estimates for Mid-America Apartment Communities' Q3 2018 earnings at $1.50 EPS, Q4 2018 earnings at $1.56 EPS, FY2018 earnings at $5.97 EPS, Q1 2019 earnings at $1.61 EPS, Q2 2019 earnings at $1.62 EPS, Q3 2019 earnings at $1.61 EPS, Q4 2019 earnings at $1.67 EPS and FY2020 earnings at $6.78 EPS. The real estate investment trust reported $1.08 earnings per share for the quarter, missing the Zacks' consensus estimate of $1.48 by ($0.40). 54 funds opened positions while 128 raised stakes. Koshinski Asset Management Inc owns 0.1% invested in Preferred Apartment Communities, Inc. BMO Capital Markets set a $97.00 price objective on shares of Mid-America Apartment Communities and gave the stock a "hold" rating in a research note on Friday, March 2nd. Raymond James Financial Serv Advisors holds 41,551 shares. The real estate investment trust reported ($0.14) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.52) by $0.38. Fifth Third National Bank holds 31,375 shares. Wellington Mgmt Grp Ltd Liability Partnership has 0% invested in Preferred Apartment Communities, Inc. Grantham Mayo Van Otterloo & Co Limited Co holds 0.01% or 93,500 shares in its portfolio. Finally, Barclays dropped their price objective on shares of Mid-America Apartment Communities from $113.00 to $112.00 and set an "overweight" rating on the stock in a research note on Tuesday, January 30th.

Preferred Apartment (NYSE:APTS) last issued its quarterly earnings results on Monday, April 30th. Principal Group Inc holds 0.02% in Preferred Apartment Communities, Inc. (NYSE:APTS) tumbled -31.31% year-to-date. Principal Incorporated invested 0.02% of its portfolio in Preferred Apartment Communities, Inc.

Several research analysts recently weighed in on APTS shares. Parallax Volatility Advisers L P stated it has 5,544 shares. 30,000 were reported by Homrich Berg.


Among 9 analysts covering Preferred Apt. Therefore 40% are positive. Preferred Apartment has a 12-month low of $13.94 and a 12-month high of $14.10. The company has a current ratio of 0.06, a quick ratio of 0.06 and a debt-to-equity ratio of 0.02. The stock of PepsiCo, Inc. (NYSE:MAA). Ingalls & Snyder Limited Liability Com accumulated 2,500 shares. The firm earned "Buy" rating on Wednesday, September 20 by N+1 Singer. The firm has "Hold" rating by FBR Capital given on Tuesday, April 17. The rating was maintained by Oppenheimer with "Outperform" on Thursday, February 4. The rating was downgraded by FBR Capital to "Mkt Perform" on Wednesday, January 4. As per Tuesday, January 9, the company rating was maintained by BMO Capital Markets. Btr Capital accumulated 68,238 shares or 1.34% of the stock. New Mexico Educational Retirement Board acquired 4,500 shares as Pepsico Inc (PEP)'s stock declined 9.24%.

Since February 21, 2018, it had 0 buys, and 1 sale for $622,403 activity. The insider CRONIN MICHAEL JOSEPH sold 2,500 shares worth $53,125. On Tuesday, March 6 the insider DUPREE DANIEL M bought $6,930. SunTrust Banks set a $102.00 price objective on shares of Mid-America Apartment Communities and gave the stock a "buy" rating in a research note on Monday, January 22nd.

Macquarie Group Ltd. reduced its stake in Mid-America Apartment Communities (NYSE:MAA) by 4.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). As of December 31, 2017, MAA had ownership interest in 100,489 apartment units, including communities now in development, across 17 states and the District of Columbia.

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