Media coverage about Mid-America Apartment Communities (NYSE:MAA) has trended somewhat positive recently, according to Accern. The research group identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Mid-America Apartment Communities earned a coverage optimism score of 0.17 on Accern’s scale. Accern also assigned news coverage about the real estate investment trust an impact score of 46.2379767907098 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Shares of MAA stock traded up $1.05 during trading on Friday, reaching $91.90. The company had a trading volume of 1,055,790 shares, compared to its average volume of 873,068. Mid-America Apartment Communities has a 52-week low of $85.16 and a 52-week high of $110.95. The stock has a market capitalization of $10,448.02, a P/E ratio of 32.13, a price-to-earnings-growth ratio of 2.18 and a beta of 0.38.
Mid-America Apartment Communities (NYSE:MAA) last announced its quarterly earnings data on Wednesday, January 31st. The real estate investment trust reported $1.08 EPS for the quarter, missing the Zacks’ consensus estimate of $1.48 by ($0.40). Mid-America Apartment Communities had a return on equity of 4.99% and a net margin of 21.42%. The company had revenue of $382.74 million for the quarter, compared to analysts’ expectations of $386.33 million. research analysts forecast that Mid-America Apartment Communities will post 6.03 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, April 30th. Shareholders of record on Friday, April 13th will be paid a dividend of $0.9225 per share. The ex-dividend date is Thursday, April 12th. This represents a $3.69 annualized dividend and a yield of 4.02%. Mid-America Apartment Communities’s dividend payout ratio (DPR) is 129.02%.
MAA has been the topic of several research reports. Jefferies Group downgraded Mid-America Apartment Communities from a “buy” rating to a “hold” rating in a research report on Thursday, December 14th. Zacks Investment Research downgraded Mid-America Apartment Communities from a “hold” rating to a “sell” rating in a research report on Friday, January 12th. UBS downgraded Mid-America Apartment Communities from an “outperform” rating to a “market perform” rating in a research report on Wednesday, November 29th. Mizuho set a $91.00 target price on Mid-America Apartment Communities and gave the company a “hold” rating in a research report on Friday, February 9th. Finally, Raymond James Financial reiterated a “market perform” rating on shares of Mid-America Apartment Communities in a research report on Wednesday, November 29th. Eight equities research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $104.62.
In other Mid-America Apartment Communities news, Director Claude B. Nielsen sold 7,200 shares of the firm’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $86.44, for a total transaction of $622,368.00. Following the completion of the sale, the director now owns 20,417 shares of the company’s stock, valued at $1,764,845.48. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director William Reid Sanders bought 4,100 shares of the business’s stock in a transaction on Friday, February 2nd. The shares were acquired at an average cost of $90.98 per share, with a total value of $373,018.00. Following the purchase, the director now owns 13,109 shares of the company’s stock, valued at $1,192,656.82. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 4,716 shares of company stock valued at $426,200. 1.25% of the stock is owned by insiders.
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About Mid-America Apartment Communities
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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