Best Stocks to Buy Now – Preferred Apartment Communities (APTS)
Preferred Apartment Communities (APTS) owns and operates multifamily housing communities. It also makes loans to developers of apartment communities, and many of them include a purchase option. Right now, APTS has six communities with more than 1,900 units, as well as 12 loans to developers, four bridge loans to finance pre-development costs and one mezzanine loan for a retail development project.
All of the loans related to multifamily development have a purchase option, so Preferred Apartments has the right to buy the development and add the units to their portfolio.
APTS stock is trading at just 79% of book value and yields a healthy 7.1% at the current price. APTS’s F-score is 6 (out of a potential 9), which indicates the fundamentals and financial condition of the company are solid and improving year-over-year.