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Preferred Apartment Communities, Inc. (APTS)

NYSE - Nasdaq Real Time Price. Currency in USD
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10.25-0.15 (-1.44%)
As of 1:59PM EDT. Market open.
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  • S
    Spock
    Well it looks like I am going to be exercised on my 10 dollar call options on the 16th. This has been a nice holding for the last year, more or less, and the dividend was great.

    I think I will buy some at less than 9.00 IF it gets that low again, any thoughts or insight?

    Best of luck to all.
  • p
    pinot noirist
    The recent acquisition of "The Ellison" apartments in Kennesaw, GA is just one more positive sign. It is a solid acquisition and will be accretive to cash flow and the bottom line, IMHO. Why the shares continue to fall is beyond me and I wonder where the folks selling in such large numbers are stashing the money? OTOH I am way up in the long run and the dividend, although reduced does look pretty solid at this point.
  • K
    Keith
    I owned this for awhile. Cost averaged down during the pandemic and sold with a small profit (sheer luck) this company was really badly run for a few years and did allot of crazy stuff (getting into all sorts of businesses and blowing out the preferred share count while hammering the common shareholders) in the last 6 months or so management really seems to have gotten back on track. They got rid of student housing and the office buildings and are now concentrating on residential housing in the sunbelt. They are redeeming allot of the preferred shares and bringing debt under control. Balance sheet is starting to look good and the portfolio quality seems much better. If I get a pullback to under 9.00 bucks I might just start bubbling. Anyone else have any thoughts?
  • J
    JOSEF
    My question ❓ what they going to do with the money from the sale of office part of the Business
  • T
    The Cogitator
    So under "Analysis" on Yahoo Finance, the estimates are that the company will lose money. I'm presuming that's not a good number to use, as they are depreciating their assets, even though in reality, the assets generally appreciate over time? So "free cash flow" or "funds from operations" are better gauges? Those are not as easy to find, right?
  • p
    pinot noirist
    Shares have risen 7% in the past 5 days or so. Ex div in 10 days. I think shares will hit 11 before the end of June and 12 by the end of the year. Who knows, we might even get a dividend increase.
  • p
    pinot noirist
    I will be a long time coming before we see $11 again I fear. I can only hope they don't cut the dividend again.
  • s
    sarah
    It’s a go. A price of 11 or 12 is written on the wall. Dividend is icing on the cake.
  • t
    tanner
    17$ at least in my opinion
    Bullish
  • G
    George
    So this company is buying 'appliances connection' right? Check out the BBB complaints on them - about 550 complaints!! Delivery issues, defective or broken appliances - the company does seem to fix the problem so that the complain is rendered settled - but WOW - doesn't seem like a Quality company. Anyone know of this company?
  • p
    pinot noirist
    Earnings out. Mediocre at best. At least the dividend not cut and $.175 payable July 15. However the FFO estimate makes the possibility of a dividend cut this year certainly something to be concerned about. I expect share price to drop a bit tomorrow as any folks with cheaper shares take some off the table.
  • p
    pinot noirist
    Although the below cited acquisition is no doubt a good one and should be accretive to the bottom line I still get nervous the farther from residential apartment complexes the company strays. I mean I bought the stock because I saw residential rentals as a big deal for the next decade what with millennials unable to afford to buy homes. However shopping centers and commercial real estate is a whole other ball game and seems more volatile during downturns.
    ATLANTA, Dec. 23, 2019 /PRNewswire/ -- Preferred Apartment Communities, Inc. (NYSE: APTS) ("PAC" or the "Company") today announced that on December 20, 2019 it acquired Morrocroft Centre, a 290,602 square foot office project located in the SouthPark submarket of Charlotte, North Carolina. The property comprises three buildings on 12 acres and is 90% leased to a diverse mix of high-quality tenants across a broad range of industries, including financial services, technology, law, real estate
  • E
    Equalizer
    APTS is more operationally sound than you’d think. While shares are off 50% in large part because of rent-collection fears early on during the coronavirus outbreak, more recent collection stats are more encouraging. The company reported Q2 recurring rental revenues of 99% for both its multi-housing and office portfolios, and 92% for its grocery-anchored retail. When a vacine is developed and the world returns to normal this stack will regain it's luster.

    https://contrarianoutlook.com/5-gaudy-garish-dividends-you-cant-help-but-gawk-at/
    5 Gaudy, Garish Dividends You Can’t Help But Gawk At – Contrarian Outlook
    contrarianoutlook.com
  • J
    Joe
    Would much rather them have debt then outstanding preferred shares ...they can retire debt . But not shares
  • t
    tanner
    It’s the preferred stock that drags this down this should be a 30-40$ this is a turnaround IMO
    Bullish
  • J
    James
    This is a good stock. It is down without reason. The management is also keeping it down by telegraphing mediocre performance . If I compare it to any other reit -- this is doing extremely well. New Assets and increasing Same store rent YOY. Doing well in all three areas Multifamily, Office and Grocery Anchored shopping. The best part is amazon has recently validated the whole grocery store concept by doing two things 1. Buying Whole foods and expanding it. 2. Committing to start new Amazon Grocery store.

    In effect none of the assets will go the way of Mall real estate. So it will keep increasing and the rents will keep increasing. Should perform moderately until the internalization is completed. Management is keeping share price down until then and after that this will take off. Cant wait for internalization to be completed.
    Buy now before they announce the internalization agreement. Should head to 20 soon.
  • p
    pinot noirist
    Dividend in my account and this is my best performing stock today. I had bought an additional 2K shares at $6.90 to flip and almost sold at a little over $8 several weeks back. glad I hung onto those shares. I think the dividend is secure and $10/share in 2021. Bought my first 1000 shares on 11/12/13 for 7.73. Seven years of dividends later my basis is close to zero. Ofcourse have bought many thousands more since at prices as high as 14,89 but have also sold for short term flips several thousand in the upper teens. Great stock to hold or flip. 11K shares now and just patiently collecting dividends. good luck all
    Bullish
  • J
    James
    https://finance.yahoo.com/news/preferred-apartment-communities-inc-announces-202000038.html

    Class a Property acquired. Will ad to FFO. Should bode well for Shareholders. Add to this the two retail properties acquired recently. This will do extremely well.
    ATLANTA, July 25, 2019 /PRNewswire/ -- Preferred Apartment Communities, Inc. (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
    ATLANTA, July 25, 2019 /PRNewswire/ -- Preferred Apartment Communities, Inc. (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
    finance.yahoo.com
  • J
    Jimmy C
    Agree with phantom (stock to $10), Kevin (dividend cut likely). It would have been far cheaper to ask for bids to take over management services. Bids and agreement done behind closed doors on average cost 50% to 100% more. The biggest issue which will not be addressed by this internalization is the companies outside use of preferred stock which is around $1 billion. The company showed no discipline and ventured into grocery and office space.