$1.49 Earnings Per Share Expected for Mid-America Apartment Communities Inc (MAA) This Quarter

Wall Street brokerages expect that Mid-America Apartment Communities Inc (NYSE:MAA) will report earnings per share of $1.49 for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Mid-America Apartment Communities’ earnings, with the lowest EPS estimate coming in at $1.44 and the highest estimate coming in at $1.53. Mid-America Apartment Communities posted earnings per share of $1.46 in the same quarter last year, which suggests a positive year over year growth rate of 2.1%. The firm is scheduled to report its next quarterly earnings report on Wednesday, April 25th.

According to Zacks, analysts expect that Mid-America Apartment Communities will report full year earnings of $6.13 per share for the current year, with EPS estimates ranging from $5.99 to $6.22. For the next year, analysts expect that the business will report earnings of $6.48 per share, with EPS estimates ranging from $6.25 to $6.68. Zacks’ earnings per share calculations are a mean average based on a survey of research analysts that follow Mid-America Apartment Communities.

A number of equities research analysts have issued reports on MAA shares. Royal Bank of Canada reissued a “buy” rating and set a $110.00 target price on shares of Mid-America Apartment Communities in a report on Friday, November 3rd. Cantor Fitzgerald reissued a “buy” rating and set a $110.00 target price on shares of Mid-America Apartment Communities in a report on Monday, November 13th. Jefferies Group cut shares of Mid-America Apartment Communities from a “buy” rating to a “hold” rating in a report on Thursday, December 14th. Robert W. Baird reissued a “buy” rating and set a $110.00 target price on shares of Mid-America Apartment Communities in a report on Friday, November 10th. Finally, Stifel Nicolaus lowered their target price on shares of Mid-America Apartment Communities from $113.00 to $100.00 and set a “hold” rating on the stock in a report on Friday, October 27th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $108.00.

Mid-America Apartment Communities (NYSE MAA) traded down $1.30 during trading hours on Monday, hitting $90.39. 527,537 shares of the company were exchanged, compared to its average volume of 764,438. The company has a market cap of $10,418.46, a PE ratio of 31.62, a PEG ratio of 2.15 and a beta of 0.28. Mid-America Apartment Communities has a 52 week low of $90.05 and a 52 week high of $110.95.

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 31st. Stockholders of record on Friday, January 12th were given a dividend of $0.9225 per share. This is a positive change from Mid-America Apartment Communities’s previous quarterly dividend of $0.87. This represents a $3.69 dividend on an annualized basis and a dividend yield of 4.08%. The ex-dividend date of this dividend was Thursday, January 11th. Mid-America Apartment Communities’s payout ratio is 129.02%.

In other news, Director William Reid Sanders purchased 4,100 shares of Mid-America Apartment Communities stock in a transaction dated Friday, February 2nd. The stock was purchased at an average cost of $90.98 per share, for a total transaction of $373,018.00. Following the transaction, the director now directly owns 13,109 shares of the company’s stock, valued at $1,192,656.82. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders have bought a total of 4,216 shares of company stock valued at $382,935 over the last 90 days. Company insiders own 1.25% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Group One Trading L.P. purchased a new position in shares of Mid-America Apartment Communities during the 3rd quarter valued at $209,000. IFM Investors Pty Ltd purchased a new position in shares of Mid-America Apartment Communities during the 3rd quarter valued at $217,000. Timber Hill LLC purchased a new position in shares of Mid-America Apartment Communities during the 3rd quarter valued at $218,000. Independent Advisor Alliance purchased a new position in shares of Mid-America Apartment Communities during the 3rd quarter valued at $227,000. Finally, Conning Inc. purchased a new position in shares of Mid-America Apartment Communities during the 4th quarter valued at $211,000. Hedge funds and other institutional investors own 92.95% of the company’s stock.

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Mid-America Apartment Communities Company Profile

Mid-America Apartment Communities, Inc is a multifamily focused, self-administered and self-managed real estate investment trust (REIT). The Company owns, operates, acquires and develops apartment communities primarily located in the Southeast and Southwest regions of the United States. It operates through three segments: Large market same store, Secondary market same store and Non-Same Store and Other.

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Earnings History and Estimates for Mid-America Apartment Communities (NYSE:MAA)

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