Headlines about Mid-America Apartment Communities (NYSE:MAA) have trended somewhat positive on Saturday, Accern Sentiment reports. The research firm ranks the sentiment of news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Mid-America Apartment Communities earned a daily sentiment score of 0.06 on Accern’s scale. Accern also gave media coverage about the real estate investment trust an impact score of 47.2923508104501 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the media stories that may have impacted Accern Sentiment’s scoring:
Shares of Mid-America Apartment Communities (NYSE:MAA) traded up $0.98 during trading hours on Friday, hitting $92.52. 711,723 shares of the stock traded hands, compared to its average volume of 570,190. Mid-America Apartment Communities has a 12 month low of $90.88 and a 12 month high of $110.95. The firm has a market cap of $10,401.42, a PE ratio of 41.68, a price-to-earnings-growth ratio of 2.12 and a beta of 0.34.
Mid-America Apartment Communities (NYSE:MAA) last issued its quarterly earnings data on Wednesday, October 25th. The real estate investment trust reported $1.00 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.61. The firm had revenue of $384.60 million during the quarter, compared to analysts’ expectations 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 revenue for the quarter was up 38.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.47 earnings per share. equities research analysts predict that Mid-America Apartment Communities will post 5.92 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Friday, January 12th will be issued a dividend of $0.9225 per share. The ex-dividend date of this dividend is Thursday, January 11th. This represents a $3.69 dividend on an annualized basis and a yield of 3.99%. This is a boost from Mid-America Apartment Communities’s previous quarterly dividend of $0.87. Mid-America Apartment Communities’s payout ratio is currently 166.22%.
Several equities research analysts have recently commented on the stock. Stifel Nicolaus upgraded shares of Mid-America Apartment Communities from a “hold” rating to a “buy” rating and set a $100.00 price target for the company in a research report on Friday. They noted that the move was a valuation call. ValuEngine cut shares of Mid-America Apartment Communities from a “buy” rating to a “hold” rating in a research report on Thursday, September 28th. Zacks Investment Research cut shares of Mid-America Apartment Communities from a “hold” rating to a “sell” rating in a research report on Friday, January 12th. JMP Securities cut shares of Mid-America Apartment Communities from an “outperform” rating to a “market perform” rating in a research report on Thursday, October 19th. Finally, 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 report on Monday, November 27th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $110.50.
In other news, Director William Reid Sanders acquired 7,000 shares of the firm’s stock in a transaction that occurred on Friday, October 27th. The stock was purchased at an average price of $100.11 per share, for a total transaction of $700,770.00. Following the completion of the acquisition, the director now owns 8,209 shares in the company, valued at $821,802.99. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In the last 90 days, insiders have purchased 7,116 shares of company stock valued at $710,687. Corporate insiders own 1.25% 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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