Preferred Apartment Communities closed at $25.10 in the latest trading session, marking a +0.16% move from the prior day. The stock lagged the S&P 500's daily gain of 2.14%. Elsewhere, the Dow gained 1.82%, while the tech-heavy Nasdaq lost 0.01%.
Prior to today's trading, shares of the real estate investment trust had gained 12.93% over the past month. This has outpaced the Finance sector's loss of 5.3% and the S&P 500's loss of 5.01% in that time.
Preferred Apartment Communities will be looking to display strength as it nears its next earnings release.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $1.03 per share and revenue of $419.28 million. These totals would mark changes of -6.36% and -7.06%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for Preferred Apartment Communities. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Preferred Apartment Communities is holding a Zacks Rank of #4 (Sell) right now.
Looking at its valuation, Preferred Apartment Communities is holding a Forward P/E ratio of 24.33. This represents a premium compared to its industry's average Forward P/E of 24.01.
It is also worth noting that APTS currently has a PEG ratio of 3.48. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. APTS's industry had an average PEG ratio of 3.92 as of yesterday's close.
The REIT and Equity Trust - Residential industry is part of the Finance sector. This group has a Zacks Industry Rank of 76, putting it in the top 30% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Preferred Apartment Communities (APTS) Gains But Lags Market: What You Should Know
Preferred Apartment Communities closed at $25.10 in the latest trading session, marking a +0.16% move from the prior day. The stock lagged the S&P 500's daily gain of 2.14%. Elsewhere, the Dow gained 1.82%, while the tech-heavy Nasdaq lost 0.01%.
Prior to today's trading, shares of the real estate investment trust had gained 12.93% over the past month. This has outpaced the Finance sector's loss of 5.3% and the S&P 500's loss of 5.01% in that time.
Preferred Apartment Communities will be looking to display strength as it nears its next earnings release.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $1.03 per share and revenue of $419.28 million. These totals would mark changes of -6.36% and -7.06%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for Preferred Apartment Communities. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Preferred Apartment Communities is holding a Zacks Rank of #4 (Sell) right now.
Looking at its valuation, Preferred Apartment Communities is holding a Forward P/E ratio of 24.33. This represents a premium compared to its industry's average Forward P/E of 24.01.
It is also worth noting that APTS currently has a PEG ratio of 3.48. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. APTS's industry had an average PEG ratio of 3.92 as of yesterday's close.
The REIT and Equity Trust - Residential industry is part of the Finance sector. This group has a Zacks Industry Rank of 76, putting it in the top 30% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.