Mid-America Apartment Communities Inc (MAA) to Post FY2019 Earnings of $6.26 Per Share, KeyCorp Forecasts
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.
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.
Featured Article: How is a Moving Average Calculated?
Receive News & Ratings for Mid-America Apartment Communities Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mid-America Apartment Communities and related companies with MarketBeat.com's FREE daily email newsletter.