Mid-America Apartment Communities (MAA) Receives Coverage Optimism Rating of 0.16

Media headlines about Mid-America Apartment Communities (NYSE:MAA) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies negative and positive news coverage by reviewing more than twenty million news and blog 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 0.16 on Accern’s scale. Accern also assigned press coverage about the real estate investment trust an impact score of 46.7452457203691 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

Here are some of the media headlines that may have impacted Accern Sentiment Analysis’s rankings:

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MAA has been the topic of several research reports. Zacks Investment Research downgraded Mid-America Apartment Communities from a “hold” rating to a “sell” rating in a report on Friday, January 12th. BMO Capital Markets set a $97.00 target price on shares of Mid-America Apartment Communities and gave the company a “hold” rating in a research report on Friday, March 2nd. Jefferies Group reiterated a “hold” rating and set a $99.00 target price on shares of Mid-America Apartment Communities in a research report on Monday, February 5th. SunTrust Banks set a $102.00 target price on shares of Mid-America Apartment Communities and gave the company a “buy” rating in a research report on Monday, January 22nd. Finally, Barclays dropped their target price on shares of Mid-America Apartment Communities from $113.00 to $112.00 and set an “overweight” rating for the company in a research report on Tuesday, January 30th. Eight analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $104.62.

Shares of Mid-America Apartment Communities stock traded up $1.07 on Friday, hitting $91.50. 836,345 shares of the company’s stock traded hands, compared to its average volume of 696,793. The stock has a market capitalization of $10,280.90, a price-to-earnings ratio of 15.40, a PEG ratio of 2.15 and a beta of 0.34. Mid-America Apartment Communities has a one year low of $85.16 and a one year high of $110.95.

Mid-America Apartment Communities (NYSE:MAA) last released 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 net margin of 21.42% and a return on equity of 4.99%. The firm had revenue of $382.74 million during the quarter, compared to the consensus estimate of $386.33 million. research analysts forecast that Mid-America Apartment Communities will post 6.01 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 30th. Investors of record on Friday, April 13th will be given a $0.9225 dividend. This represents a $3.69 dividend on an annualized basis and a dividend yield of 4.03%. The ex-dividend date is Thursday, April 12th. Mid-America Apartment Communities’s dividend payout ratio is currently 62.12%.

In related news, Director Claude B. Nielsen sold 7,200 shares of the company’s stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $86.44, for a total value of $622,368.00. Following the completion of the sale, the director now owns 20,417 shares in the company, valued at approximately $1,764,845.48. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Gary Shorb acquired 500 shares of the stock in a transaction that occurred on Friday, February 9th. The stock was purchased at an average price of $86.53 per share, with a total value of $43,265.00. Following the transaction, the director now owns 4,750 shares in the company, valued at $411,017.50. The disclosure for this purchase can be found here. 1.25% of the stock is owned by corporate insiders.

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About Mid-America Apartment Communities

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 throughout the United States. As of December 31, 2017, MAA had ownership interest in 100,489 apartment units, including communities currently in development, across 17 states and the District of Columbia.

Insider Buying and Selling by Quarter for Mid-America Apartment Communities (NYSE:MAA)

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