Mid-America Apartment Communities, Inc. (MAA) Expected to Post Earnings of $1.49 Per Share

Analysts expect Mid-America Apartment Communities, Inc. (NYSE:MAA) to post $1.49 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Six analysts have made estimates for Mid-America Apartment Communities’ earnings, with the lowest EPS estimate coming in at $1.45 and the highest estimate coming in at $1.51. Mid-America Apartment Communities posted earnings of $0.81 per share during the same quarter last year, which suggests a positive year over year growth rate of 84%. The business is scheduled to report its next earnings results on Wednesday, February 7th.

According to Zacks, analysts expect that Mid-America Apartment Communities will report full year earnings of $5.91 per share for the current year, with EPS estimates ranging from $5.86 to $5.95. For the next financial year, analysts anticipate that the business will report earnings of $6.27 per share, with EPS estimates ranging from $6.01 to $6.41. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that follow Mid-America Apartment Communities.

Mid-America Apartment Communities (NYSE:MAA) last announced its earnings results on Wednesday, October 25th. The real estate investment trust reported $1.00 EPS for the quarter, topping the consensus estimate of $0.39 by $0.61. The firm had revenue of $384.60 million for the quarter, compared to the consensus estimate of $386.96 million. Mid-America Apartment Communities had a net margin of 16.73% and a return on equity of 4.22%. The business’s quarterly revenue was up 38.9% on a year-over-year basis. During the same period last year, the company posted $1.47 EPS.

Several equities analysts have recently weighed in on the stock. BMO Capital Markets cut shares of Mid-America Apartment Communities from an “outperform” rating to a “market perform” rating and set a $107.00 price target for the company. in a research note on Monday. Cantor Fitzgerald reaffirmed a “buy” rating and set a $110.00 price target on shares of Mid-America Apartment Communities in a research note on Monday, November 13th. Robert W. Baird reaffirmed a “buy” rating and set a $110.00 price target on shares of Mid-America Apartment Communities in a research note on Friday, November 10th. Mizuho reaffirmed a “hold” rating and set a $110.00 price target on shares of Mid-America Apartment Communities in a research note on Monday, November 6th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $110.00 price target on shares of Mid-America Apartment Communities in a research note on Friday, November 3rd. Seven analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Mid-America Apartment Communities presently has a consensus rating of “Buy” and an average target price of $110.50.

In other news, Director William Reid Sanders bought 7,000 shares of the firm’s stock in a transaction that occurred on Friday, October 27th. The stock was acquired at an average cost of $100.11 per share, with a total value of $700,770.00. Following the completion of the purchase, the director now owns 8,209 shares of the company’s stock, valued at $821,802.99. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director David P. Stockert sold 6,872 shares of the firm’s stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $106.34, for a total transaction of $730,768.48. Following the completion of the transaction, the director now directly owns 77,180 shares of the company’s stock, valued at $8,207,321.20. The disclosure for this sale can be found here. 1.25% of the stock is currently owned by company insiders.

Large investors have recently added to or reduced their stakes in the stock. Gilman Hill Asset Management LLC grew its stake in shares of Mid-America Apartment Communities by 9.2% in the third quarter. Gilman Hill Asset Management LLC now owns 6,193 shares of the real estate investment trust’s stock valued at $662,000 after buying an additional 520 shares in the last quarter. Forsta AP Fonden grew its stake in shares of Mid-America Apartment Communities by 35.0% in the third quarter. Forsta AP Fonden now owns 47,100 shares of the real estate investment trust’s stock valued at $5,034,000 after buying an additional 12,200 shares in the last quarter. GAM Holding AG grew its stake in shares of Mid-America Apartment Communities by 2.4% in the second quarter. GAM Holding AG now owns 15,525 shares of the real estate investment trust’s stock valued at $1,636,000 after buying an additional 365 shares in the last quarter. Aviva PLC grew its stake in shares of Mid-America Apartment Communities by 1.2% in the second quarter. Aviva PLC now owns 70,978 shares of the real estate investment trust’s stock valued at $7,481,000 after buying an additional 860 shares in the last quarter. Finally, Brookfield Asset Management Inc. bought a new position in shares of Mid-America Apartment Communities in the second quarter valued at $158,747,000. 93.11% of the stock is owned by institutional investors and hedge funds.

Shares of Mid-America Apartment Communities (NYSE MAA) traded down $0.42 on Tuesday, hitting $102.87. 524,017 shares of the stock traded hands, compared to its average volume of 673,366. The company has a market cap of $11,835.39, a PE ratio of 17.53, a P/E/G ratio of 2.52 and a beta of 0.35. Mid-America Apartment Communities has a one year low of $87.59 and a one year high of $110.95.

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 31st. Investors of record on Friday, October 13th were paid a $0.87 dividend. The ex-dividend date of this dividend was Thursday, October 12th. This represents a $3.48 annualized dividend and a dividend yield of 3.38%. Mid-America Apartment Communities’s dividend payout ratio is presently 156.76%.

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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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