Mid-America Apartment Communities, Inc. (NYSE:MAA) – Research analysts at SunTrust Banks reduced their Q3 2017 earnings per share estimates for shares of Mid-America Apartment Communities in a report released on Tuesday. SunTrust Banks analyst M. Lewis now anticipates that the real estate investment trust will post earnings of $1.47 per share for the quarter, down from their previous forecast of $1.49. SunTrust Banks also issued estimates for Mid-America Apartment Communities’ FY2021 earnings at $7.60 EPS.

Several other equities research analysts also recently issued reports on the stock. ValuEngine downgraded shares of Mid-America Apartment Communities from a “buy” rating to a “hold” rating in a research note on Thursday, September 28th. Jefferies Group LLC reaffirmed a “buy” rating and set a $120.00 price target on shares of Mid-America Apartment Communities in a research note on Sunday, September 10th. BTIG Research raised shares of Mid-America Apartment Communities from a “neutral” rating to a “buy” rating and set a $116.00 price target on the stock in a research note on Friday, September 8th. Stifel Nicolaus began coverage on shares of Mid-America Apartment Communities in a research note on Thursday, August 31st. They set a “hold” rating and a $113.00 price target on the stock. Finally, BidaskClub raised shares of Mid-America Apartment Communities from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 26th. Four investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $109.75.

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Mid-America Apartment Communities (NYSE:MAA) opened at 107.88 on Wednesday. The company has a 50-day moving average price of $107.01 and a 200 day moving average price of $103.85. The stock has a market cap of $12.26 billion, a price-to-earnings ratio of 49.88 and a beta of 0.37. Mid-America Apartment Communities has a 12-month low of $85.04 and a 12-month high of $110.95.

Mid-America Apartment Communities (NYSE:MAA) last posted its earnings results on Wednesday, July 26th. The real estate investment trust reported $1.48 EPS for the quarter, beating the consensus estimate of $1.45 by $0.03. The firm had revenue of $382.80 million for the quarter, compared to analyst estimates of $382.17 million. Mid-America Apartment Communities had a return on equity of 4.31% and a net margin of 15.80%. Mid-America Apartment Communities’s revenue for the quarter was up 40.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.54 earnings per share.

A number of institutional investors have recently bought and sold shares of the business. ING Groep NV boosted its stake in Mid-America Apartment Communities by 0.4% during the 2nd quarter. ING Groep NV now owns 5,816 shares of the real estate investment trust’s stock valued at $613,000 after purchasing an additional 22 shares during the period. United Capital Financial Advisers LLC boosted its stake in Mid-America Apartment Communities by 1.1% during the 1st quarter. United Capital Financial Advisers LLC now owns 4,057 shares of the real estate investment trust’s stock valued at $413,000 after purchasing an additional 45 shares during the period. BB&T Corp boosted its stake in Mid-America Apartment Communities by 0.9% during the 2nd quarter. BB&T Corp now owns 5,314 shares of the real estate investment trust’s stock valued at $560,000 after purchasing an additional 47 shares during the period. Cleararc Capital Inc. boosted its stake in Mid-America Apartment Communities by 1.9% during the 1st quarter. Cleararc Capital Inc. now owns 2,797 shares of the real estate investment trust’s stock valued at $285,000 after purchasing an additional 53 shares during the period. Finally, Oppenheimer Asset Management Inc. boosted its stake in Mid-America Apartment Communities by 0.8% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 7,677 shares of the real estate investment trust’s stock valued at $809,000 after purchasing an additional 58 shares during the period. 91.76% of the stock is owned by hedge funds and other institutional investors.

In other Mid-America Apartment Communities news, Director David P. Stockert sold 6,872 shares of the business’s stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $106.34, for a total transaction of $730,768.48. Following the completion of the transaction, the director now directly owns 77,180 shares of the company’s stock, valued at approximately $8,207,321.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.25% of the company’s stock.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 31st. Shareholders of record on Friday, October 13th will be paid a dividend of $0.87 per share. This represents a $3.48 dividend on an annualized basis and a yield of 3.23%. The ex-dividend date is Thursday, October 12th. Mid-America Apartment Communities’s payout ratio is 148.72%.

Mid-America Apartment Communities Company Profile

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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