Analyst Price Target is $13.83
▲ +12.56% Upside Potential
This price target is based on 3 analysts offering 12 month price targets for Preferred Apartment Communities in the last 3 months. The average price target is $13.83, with a high forecast of $15.00 and a low forecast of $13.00. The average price target represents a 12.56% upside from the last price of $12.29.
Current Consensus is
The current consensus among 3 contributing investment analysts is to buy stock in Preferred Apartment Communities. This rating has held steady since March 2021, when it changed from a Hold consensus rating.
Preferred Apartment Communities, Inc. engages in the acquisition and operation of multifamily properties in select targeted markets throughout the United States. It operates through the following segments: Multifamily Communities, Financing, New Market Properties, Preferred Office Properties, and Others. The Multifamily Communities segment consists of company's portfolio of owned residential multifamily communities. The Financing segment refers to the portfolio of real estate loans, bridge loans, and other instruments deployed by the company to partially finance the development, construction, and prestabilization carrying costs of new multifamily communities and other real estate and real estate related assets. The New Market Properties segment covers portfolio of grocery-anchored shopping centers, as well as the financial results from the retail real estate loans. The Preferred Office Properties segment relates to the portfolio of office buildings. The Others segment includes deferred offering costs. The company was founded by Leonard A. Silverstein and John A. Williams on September 18, 2009 and is headquartered in Atlanta, GA.