Headlines about Mid-America Apartment Communities (NYSE:MAA) have been trending somewhat positive this week, Accern Sentiment reports. The research group scores the sentiment of press coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Mid-America Apartment Communities earned a media sentiment score of 0.11 on Accern’s scale. Accern also assigned media headlines about the real estate investment trust an impact score of 45.8692965049299 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
Here are some of the news stories that may have impacted Accern’s rankings:
Mid-America Apartment Communities (NYSE MAA) traded down $0.14 on Wednesday, hitting $87.85. 751,818 shares of the stock traded hands, compared to its average volume of 839,368. Mid-America Apartment Communities has a 1 year low of $85.30 and a 1 year high of $110.95. The stock has a market capitalization of $9,969.63, a PE ratio of 30.72, a price-to-earnings-growth ratio of 2.07 and a beta of 0.28.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 31st. Investors of record on Friday, January 12th were given a dividend of $0.9225 per share. This represents a $3.69 annualized dividend and a yield of 4.20%. This is a positive change from Mid-America Apartment Communities’s previous quarterly dividend of $0.87. The ex-dividend date of this dividend was Thursday, January 11th. Mid-America Apartment Communities’s payout ratio is 129.02%.
Several research analysts have issued reports on the stock. JMP Securities cut shares of Mid-America Apartment Communities from an “outperform” rating to a “market perform” rating in a report on Thursday, October 19th. Cantor Fitzgerald reissued a “buy” rating and set a $110.00 price objective on shares of Mid-America Apartment Communities in a report on Monday, November 13th. Robert W. Baird reissued a “buy” rating and set a $110.00 price objective on shares of Mid-America Apartment Communities in a report on Friday, November 10th. Mizuho reissued a “hold” rating and set a $110.00 price objective on shares of Mid-America Apartment Communities in a report on Monday, November 6th. 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 objective for the company. in a report on Monday, November 27th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $106.15.
In other Mid-America Apartment Communities news, Director Gary Shorb bought 500 shares of the business’s stock in a transaction that occurred on Friday, February 9th. The stock was bought at an average cost of $86.53 per share, for a total transaction of $43,265.00. Following the completion of the transaction, the director now owns 4,750 shares of the company’s stock, valued at approximately $411,017.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 acquired at an average price of $90.98 per share, with a total value of $373,018.00. Following the completion of the transaction, the director now directly owns 13,109 shares of the company’s stock, valued at approximately $1,192,656.82. The disclosure for this purchase can be found here. Insiders have purchased 4,716 shares of company stock valued at $426,200 over the last 90 days. 1.25% of the stock is currently owned by company insiders.
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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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