Mid-America Apartment Communities Inc (NYSE:MAA) – Equities research analysts at DA Davidson decreased their FY2018 earnings per share estimates for shares of Mid-America Apartment Communities in a research report issued to clients and investors on Wednesday, January 9th. DA Davidson analyst J. Lykins now forecasts that the real estate investment trust will earn $6.04 per share for the year, down from their prior estimate of $6.06. DA Davidson also issued estimates for Mid-America Apartment Communities’ Q3 2019 earnings at $1.56 EPS.

Mid-America Apartment Communities (NYSE:MAA) last issued its quarterly earnings results on Wednesday, October 31st. The real estate investment trust reported $0.46 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.50 by ($1.04). The business had revenue of $397.10 million for the quarter, compared to analyst estimates of $393.76 million. Mid-America Apartment Communities had a return on equity of 4.36% and a net margin of 18.20%. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.50 EPS.

Several other analysts have also issued reports on the company. ValuEngine upgraded Mid-America Apartment Communities from a “hold” rating to a “buy” rating in a research note on Tuesday, December 18th. Scotiabank initiated coverage on Mid-America Apartment Communities in a research report on Tuesday, October 16th. They set a “sector perform” rating on the stock. Capital One Financial reissued an “equal weight” rating on shares of Mid-America Apartment Communities in a research report on Friday, October 19th. KeyCorp set a $108.00 price target on Mid-America Apartment Communities and gave the stock a “buy” rating in a research report on Thursday, December 20th. Finally, Barclays reissued a “buy” rating and set a $110.00 price target on shares of Mid-America Apartment Communities in a research report on Sunday, October 14th. Ten analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Mid-America Apartment Communities presently has a consensus rating of “Hold” and an average price target of $103.04.

Shares of NYSE MAA opened at $97.19 on Friday. Mid-America Apartment Communities has a 12 month low of $85.16 and a 12 month high of $104.98. The firm has a market cap of $10.81 billion, a PE ratio of 16.36, a P/E/G ratio of 2.16 and a beta of 0.41. The company has a debt-to-equity ratio of 0.70, a current ratio of 0.17 and a quick ratio of 0.17.

Hedge funds have recently modified their holdings of the business. Mackenzie Financial Corp lifted its stake in shares of Mid-America Apartment Communities by 21.6% in the 3rd quarter. Mackenzie Financial Corp now owns 3,010 shares of the real estate investment trust’s stock valued at $302,000 after acquiring an additional 534 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of Mid-America Apartment Communities by 5.4% in the 2nd quarter. PNC Financial Services Group Inc. now owns 11,545 shares of the real estate investment trust’s stock valued at $1,163,000 after acquiring an additional 587 shares during the last quarter. DNB Asset Management AS lifted its stake in shares of Mid-America Apartment Communities by 5.5% in the 3rd quarter. DNB Asset Management AS now owns 13,500 shares of the real estate investment trust’s stock valued at $1,352,000 after acquiring an additional 700 shares during the last quarter. WealthPLAN Partners LLC lifted its stake in shares of Mid-America Apartment Communities by 17.7% in the 3rd quarter. WealthPLAN Partners LLC now owns 4,732 shares of the real estate investment trust’s stock valued at $477,000 after acquiring an additional 710 shares during the last quarter. Finally, Pacer Advisors Inc. lifted its stake in shares of Mid-America Apartment Communities by 14.5% in the 3rd quarter. Pacer Advisors Inc. now owns 5,638 shares of the real estate investment trust’s stock valued at $565,000 after acquiring an additional 714 shares during the last quarter. 92.48% of the stock is currently owned by hedge funds and other institutional investors.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 31st. Shareholders of record on Tuesday, January 15th will be issued a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a dividend yield of 3.95%. The ex-dividend date is Monday, January 14th. This is an increase from Mid-America Apartment Communities’s previous quarterly dividend of $0.92. Mid-America Apartment Communities’s dividend payout ratio (DPR) is currently 62.12%.

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 in the Southeast, Southwest, and Mid-Atlantic regions of the United States.

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

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