Mid-America Apartment Communities, Inc. (NYSE:MAA) – Investment analysts at DA Davidson cut their Q2 2018 EPS estimates for shares of Mid-America Apartment Communities in a research report issued on Friday. DA Davidson analyst J. Lykins now anticipates that the real estate investment trust will earn $1.54 per share for the quarter, down from their prior estimate of $1.55. DA Davidson also issued estimates for Mid-America Apartment Communities’ FY2018 earnings at $6.26 EPS.

A number of other brokerages have also recently issued reports on MAA. Mizuho reissued a “hold” rating and set a $106.00 price target on shares of Mid-America Apartment Communities in a research report on Sunday, October 15th. ValuEngine raised shares of Mid-America Apartment Communities from a “hold” rating to a “buy” rating in a research report on Friday, September 8th. Jefferies Group LLC reissued a “buy” rating and set a $120.00 price target on shares of Mid-America Apartment Communities in a research report on Sunday, September 10th. BidaskClub raised shares of Mid-America Apartment Communities from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 26th. Finally, BTIG Research raised shares of Mid-America Apartment Communities from a “neutral” rating to a “buy” rating and set a $116.00 price target for the company in a research report on Friday, September 8th. Six research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $109.09.

COPYRIGHT VIOLATION NOTICE: “Equities Analysts Set Expectations for Mid-America Apartment Communities, Inc.’s Q2 2018 Earnings (MAA)” was posted by TheOlympiaReport and is owned by of TheOlympiaReport. If you are viewing this article on another site, it was copied illegally and republished in violation of US & international trademark and copyright law. The correct version of this article can be viewed at https://theolympiareport.com/2017/11/01/equities-analysts-set-expectations-for-mid-america-apartment-communities-inc-s-q2-2018-earnings-maa.html. Mid-America Apartment Communities (NYSE:MAA) last issued its quarterly earnings results on Wednesday, October 25th. The real estate investment trust reported $1.00 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.61. The company had revenue of $384.60 million for the quarter, compared to analyst estimates of $386.96 million. Mid-America Apartment Communities had a net margin of 16.73% and a return on equity of 4.22%. Mid-America Apartment Communities’s revenue was up 38.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.47 earnings per share.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, October 31st. Investors of record on Friday, October 13th were given a dividend of $0.87 per share. The ex-dividend date of this dividend was Thursday, October 12th. This represents a $3.48 annualized dividend and a yield of 3.40%. Mid-America Apartment Communities’s dividend payout ratio (DPR) is 156.76%.

In other Mid-America Apartment Communities news, Director William Reid Sanders bought 7,000 shares of the business’s stock in a transaction that occurred on Friday, October 27th. The stock was bought at an average cost of $100.11 per share, for a total transaction of $700,770.00. Following the completion of the transaction, the director now owns 8,209 shares of the company’s stock, valued at approximately $821,802.99. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director David P. Stockert sold 6,872 shares of the business’s stock in a transaction that occurred 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 sale, the director now owns 77,180 shares of the company’s stock, valued at $8,207,321.20. The disclosure for this sale can be found here. Insiders own 1.25% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in MAA. Bronfman E.L. Rothschild L.P. grew its position in Mid-America Apartment Communities by 32.9% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,542 shares of the real estate investment trust’s stock valued at $162,000 after buying an additional 382 shares during the period. Commerce Bank bought a new stake in Mid-America Apartment Communities during the second quarter valued at approximately $223,000. Parametrica Management Ltd bought a new stake in Mid-America Apartment Communities during the third quarter valued at approximately $236,000. BB&T Securities LLC bought a new stake in Mid-America Apartment Communities during the second quarter valued at approximately $237,000. Finally, MAI Capital Management bought a new stake in Mid-America Apartment Communities during the second quarter valued at approximately $247,000. Institutional investors own 90.99% of the company’s stock.

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.

Earnings History and Estimates for Mid-America Apartment Communities (NYSE:MAA)

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