Average Price Target: $11.00
▲ +9.89% Upside Potential
This price target is based on 2 analysts offering 12 month price targets for Preferred Apartment Communities in the last 3 months. The average price target is $11.00, with a high forecast of $11.00 and a low forecast of $11.00. The average price target represents a 9.89% upside from the last price of $10.01.
The current consensus among 2 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. (NYSE: APTS) is a real estate investment trust engaged primarily in the ownership and operation of Class A multifamily properties, with select investments in grocery anchored shopping centers, Class A office buildings, and student housing properties. Preferred Apartment Communities' investment objective is to generate attractive, stable returns for stockholders by investing in income-producing properties and acquiring or originating real estate loans for multifamily properties. As of September 30, 2020, the Company owned or was invested in 125 properties in 15 states, predominantly in the Southeast region of the United States.