Mid-America Apartment Communities Inc (NYSE:MAA) – Analysts at KeyCorp cut their FY2019 EPS estimates for shares of Mid-America Apartment Communities in a research report issued on Sunday, December 2nd. KeyCorp analyst A. Wurschmidt now expects that the real estate investment trust will post earnings of $6.26 per share for the year, down from their prior forecast of $6.29.

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

A number of other brokerages also recently issued reports on MAA. Barclays reiterated a “buy” rating on shares of Mid-America Apartment Communities in a report on Wednesday, November 28th. Capital One Financial started coverage on shares of Mid-America Apartment Communities in a research note on Monday, October 22nd. They issued an “equal weight” rating and a $101.50 price objective for the company. Citigroup set a $105.00 price objective on shares of Mid-America Apartment Communities and gave the stock a “hold” rating in a research note on Monday, November 5th. Robert W. Baird reissued a “buy” rating and issued a $105.00 price objective on shares of Mid-America Apartment Communities in a research note on Thursday, August 16th. Finally, Scotiabank started coverage on shares of Mid-America Apartment Communities in a research note on Tuesday, October 16th. They issued a “sector perform” rating for the company. Ten analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $102.59.

Shares of NYSE MAA opened at $101.00 on Wednesday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.17 and a current ratio of 0.17. The firm has a market capitalization of $11.79 billion, a price-to-earnings ratio of 17.00, a P/E/G ratio of 2.44 and a beta of 0.31. Mid-America Apartment Communities has a 52-week low of $85.16 and a 52-week high of $104.98.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 31st. Shareholders of record on Tuesday, January 15th will be paid a $0.96 dividend. This is a boost from Mid-America Apartment Communities’s previous quarterly dividend of $0.92. This represents a $3.84 dividend on an annualized basis and a dividend yield of 3.80%. Mid-America Apartment Communities’s dividend payout ratio (DPR) is presently 62.12%.

Several large investors have recently modified their holdings of MAA. SRS Capital Advisors Inc. purchased a new position in shares of Mid-America Apartment Communities during the 3rd quarter worth about $120,000. Piedmont Investment Advisors LLC purchased a new position in shares of Mid-America Apartment Communities during the 2nd quarter worth about $134,000. First Hawaiian Bank purchased a new position in shares of Mid-America Apartment Communities during the 3rd quarter worth about $171,000. Bridgeworth LLC purchased a new position in shares of Mid-America Apartment Communities during the 2nd quarter worth about $180,000. Finally, BB&T Securities LLC purchased a new position in shares of Mid-America Apartment Communities during the 2nd quarter worth about $201,000. 92.73% of the stock is owned by institutional investors and hedge funds.

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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