Mid-America Apartment Communities (NYSE:MAA) Releases FY 2021 Earnings Guidance

Mid-America Apartment Communities (NYSE:MAA) issued an update on its FY 2021 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $6.350-6.650 for the period. The company issued revenue guidance of -.Mid-America Apartment Communities also updated its Q2 2021 guidance to $1.530-1.690 EPS.

Shares of NYSE MAA traded up $2.84 during mid-day trading on Thursday, reaching $171.53. The company’s stock had a trading volume of 448,485 shares, compared to its average volume of 655,309. The company has a market cap of $19.64 billion, a price-to-earnings ratio of 73.66, a PEG ratio of 12.69 and a beta of 0.66. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.77. The firm’s fifty day simple moving average is $155.77. Mid-America Apartment Communities has a 52 week low of $108.06 and a 52 week high of $172.33.

Mid-America Apartment Communities (NYSE:MAA) last released its quarterly earnings data on Tuesday, April 27th. The real estate investment trust reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $1.61 by ($1.21). The business had revenue of $425.01 million during the quarter, compared to the consensus estimate of $423.65 million. Mid-America Apartment Communities had a return on equity of 4.33% and a net margin of 15.76%. The business’s revenue was up 1.7% on a year-over-year basis. During the same period last year, the company earned $1.62 EPS. As a group, equities research analysts anticipate that Mid-America Apartment Communities will post 6.54 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 30th. Stockholders of record on Thursday, July 15th will be paid a $1.025 dividend. This represents a $4.10 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date is Wednesday, July 14th. Mid-America Apartment Communities’s dividend payout ratio (DPR) is 63.76%.

A number of equities analysts recently commented on MAA shares. BMO Capital Markets lowered Mid-America Apartment Communities from an outperform rating to a market perform rating and increased their price target for the company from $147.00 to $170.00 in a research note on Tuesday, June 1st. Raymond James increased their price target on Mid-America Apartment Communities from $145.00 to $175.00 and gave the company an outperform rating in a research note on Tuesday, May 11th. Truist raised Mid-America Apartment Communities from a hold rating to a buy rating and increased their price target for the company from $151.00 to $178.00 in a research note on Friday, June 4th. They noted that the move was a valuation call. Truist Securities raised Mid-America Apartment Communities from a hold rating to a buy rating and increased their price target for the company from $151.00 to $178.00 in a research note on Friday, June 4th. Finally, Mizuho increased their price target on Mid-America Apartment Communities from $128.00 to $143.00 and gave the company a neutral rating in a research note on Monday, March 15th. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Mid-America Apartment Communities presently has a consensus rating of Buy and a consensus target price of $149.08.

In other news, EVP Robert J. Delpriore sold 6,000 shares of the stock in a transaction that occurred on Tuesday, June 1st. The stock was sold at an average price of $160.30, for a total value of $961,800.00. Following the sale, the executive vice president now directly owns 55,435 shares in the company, valued at $8,886,230.50. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Melanie Carpenter sold 677 shares of the stock in a transaction that occurred on Tuesday, April 6th. The stock was sold at an average price of $146.44, for a total value of $99,139.88. Following the completion of the sale, the executive vice president now owns 18,306 shares in the company, valued at $2,680,730.64. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 41,671 shares of company stock worth $6,415,840. Company insiders own 1.39% of the company’s stock.

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 in the Southeast, Southwest, and Mid-Atlantic regions of the United States.

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

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