Mid-America Apartment Communities (NYSE:MAA) is scheduled to announce its earnings results after the market closes on Tuesday, April 24th. Analysts expect the company to announce earnings of $0.48 per share for the quarter.
Mid-America Apartment Communities (NYSE:MAA) last posted its earnings results on Wednesday, January 31st. The real estate investment trust reported $1.08 earnings per share for the quarter, missing the consensus estimate of $1.48 by ($0.40). The firm had revenue of $382.74 million during the quarter, compared to analyst estimates of $386.33 million. Mid-America Apartment Communities had a net margin of 21.42% and a return on equity of 4.99%. On average, analysts expect Mid-America Apartment Communities to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.
NYSE:MAA opened at $89.61 on Monday. The stock has a market capitalization of $10,187.67, a price-to-earnings ratio of 15.09, a PEG ratio of 2.13 and a beta of 0.34. Mid-America Apartment Communities has a 1-year low of $85.16 and a 1-year high of $110.95.
The company also recently announced a quarterly dividend, which will be paid on Monday, April 30th. Shareholders of record on Friday, April 13th will be issued a $0.9225 dividend. The ex-dividend date is Thursday, April 12th. This represents a $3.69 annualized dividend and a yield of 4.12%. Mid-America Apartment Communities’s payout ratio is 62.12%.
In other Mid-America Apartment Communities news, Director William Reid Sanders bought 4,100 shares of the business’s stock in a transaction that occurred on Friday, February 2nd. The shares were purchased at an average cost of $90.98 per share, with a total value of $373,018.00. Following the purchase, the director now directly owns 13,109 shares in the company, valued at $1,192,656.82. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Gary Shorb bought 500 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The shares were acquired at an average cost of $86.53 per share, for a total transaction of $43,265.00. Following the completion of the purchase, the director now owns 4,750 shares in the company, valued at $411,017.50. The disclosure for this purchase can be found here. Corporate insiders own 1.26% of the company’s stock.
Several equities analysts have weighed in on MAA shares. DA Davidson set a $110.00 target price on shares of Mid-America Apartment Communities and gave the company a “buy” rating in a report on Tuesday, January 30th. SunTrust Banks set a $102.00 price objective on shares of Mid-America Apartment Communities and gave the stock a “buy” rating in a report on Monday, January 22nd. Stifel Nicolaus upgraded shares of Mid-America Apartment Communities from a “hold” rating to a “buy” rating and set a $100.00 price objective on the stock in a report on Friday, January 19th. They noted that the move was a valuation call. Robert W. Baird set a $100.00 price objective on shares of Mid-America Apartment Communities and gave the stock a “buy” rating in a report on Friday, March 2nd. Finally, Barclays restated a “buy” rating and issued a $112.00 price objective on shares of Mid-America Apartment Communities in a report on Tuesday, April 17th. Eight analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $104.62.
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Mid-America Apartment Communities Company Profile
MAA, an S&P 500 company, is a real estate investment trust, or REIT, focused on delivering full-cycle and superior investment performance for shareholders through the ownership, management, acquisition, development and redevelopment of quality apartment communities throughout the United States. As of December 31, 2017, MAA had ownership interest in 100,489 apartment units, including communities currently in development, across 17 states and the District of Columbia.
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