Wall Street brokerages expect Mid-America Apartment Communities Inc (NYSE:MAA) to announce earnings per share of $1.51 for the current quarter, Zacks Investment Research reports. Six analysts have made estimates for Mid-America Apartment Communities’ earnings, with the highest EPS estimate coming in at $1.53 and the lowest estimate coming in at $1.49. Mid-America Apartment Communities posted earnings per share of $1.50 in the same quarter last year, which indicates a positive year-over-year growth rate of 0.7%. The business is scheduled to issue its next quarterly earnings report on Wednesday, October 24th.

According to Zacks, analysts expect that Mid-America Apartment Communities will report full-year earnings of $6.04 per share for the current fiscal year, with EPS estimates ranging from $5.99 to $6.09. For the next financial year, analysts expect that the business will post earnings of $6.34 per share, with EPS estimates ranging from $6.27 to $6.51. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover Mid-America Apartment Communities.

Mid-America Apartment Communities (NYSE:MAA) last issued its quarterly earnings results on Wednesday, August 1st. The real estate investment trust reported $0.48 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.48 by ($1.00). The firm had revenue of $390.10 million during the quarter, compared to analysts’ expectations of $389.62 million. Mid-America Apartment Communities had a net margin of 22.36% and a return on equity of 5.28%. The firm’s revenue was up 1.9% compared to the same quarter last year. During the same quarter last year, the company posted $1.48 EPS.

Several equities research analysts recently commented on the stock. Stifel Nicolaus downgraded shares of Mid-America Apartment Communities from a “buy” rating to a “hold” rating and set a $100.00 price target for the company. in a research report on Thursday, August 2nd. ValuEngine upgraded shares of Mid-America Apartment Communities from a “sell” rating to a “hold” rating in a research report on Wednesday, June 27th. SunTrust Banks upped their price target on shares of Mid-America Apartment Communities to $102.00 and gave the company a “buy” rating in a research report on Wednesday, June 27th. Robert W. Baird reiterated a “buy” rating and issued a $105.00 price objective on shares of Mid-America Apartment Communities in a research note on Thursday. Finally, Zacks Investment Research upgraded shares of Mid-America Apartment Communities from a “sell” rating to a “hold” rating in a research note on Monday, May 7th. Ten analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $104.55.

In other Mid-America Apartment Communities news, Director William Reid Sanders purchased 2,800 shares of the company’s stock in a transaction dated Monday, May 21st. The shares were bought at an average price of $87.92 per share, for a total transaction of $246,176.00. Following the purchase, the director now directly owns 15,109 shares in the company, valued at approximately $1,328,383.28. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director David P. Stockert sold 1,617 shares of the stock in a transaction on Monday, August 6th. The stock was sold at an average price of $101.59, for a total transaction of $164,271.03. Following the transaction, the director now owns 75,563 shares in the company, valued at approximately $7,676,445.17. The disclosure for this sale can be found here. 1.26% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently made changes to their positions in the company. Synovus Financial Corp acquired a new position in shares of Mid-America Apartment Communities during the 1st quarter worth $129,000. Piedmont Investment Advisors LLC acquired a new position in shares of Mid-America Apartment Communities during the 2nd quarter worth $134,000. Assetmark Inc. increased its stake in shares of Mid-America Apartment Communities by 497.4% during the 1st quarter. Assetmark Inc. now owns 1,607 shares of the real estate investment trust’s stock worth $147,000 after purchasing an additional 1,338 shares during the last quarter. McKinley Carter Wealth Services Inc. acquired a new position in shares of Mid-America Apartment Communities during the 1st quarter worth $177,000. Finally, Bridgeworth LLC acquired a new position in shares of Mid-America Apartment Communities during the 2nd quarter worth $180,000. Institutional investors own 92.14% of the company’s stock.

Shares of NYSE:MAA traded up $0.66 during mid-day trading on Tuesday, hitting $103.10. The stock had a trading volume of 3,860 shares, compared to its average volume of 702,788. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.15 and a current ratio of 0.15. The company has a market cap of $11.36 billion, a PE ratio of 17.24, a price-to-earnings-growth ratio of 2.36 and a beta of 0.35. Mid-America Apartment Communities has a 12-month low of $85.16 and a 12-month high of $110.24.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 31st. Shareholders of record on Friday, July 13th were paid a $0.9225 dividend. The ex-dividend date was Thursday, July 12th. This represents a $3.69 annualized dividend and a yield of 3.58%. Mid-America Apartment Communities’s dividend payout ratio is presently 62.12%.

Mid-America Apartment Communities Company Profile

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 June 30, 2018, MAA had ownership interest in 101,362 apartment units, including communities currently in development, across 17 states and the District of Columbia.

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

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