Mid-America Apartment Communities (MAA) Earning Somewhat Positive Press Coverage, Report Shows
News stories about Mid-America Apartment Communities (NYSE:MAA) have trended somewhat positive recently, according to Accern Sentiment. The research group identifies positive and negative media coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Mid-America Apartment Communities earned a news impact score of 0.01 on Accern’s scale. Accern also assigned media stories about the real estate investment trust an impact score of 47.5403143430605 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the media stories that may have effected Accern Sentiment Analysis’s scoring:
- Mid-America Apartment Communities Inc (MAA) Receives Average Rating of “Hold” from Brokerages (americanbankingnews.com)
- Mid-America Apartment Communities (MAA) Downgraded by Zacks Investment Research (americanbankingnews.com)
- Mid-America Apartment Communities (MAA) Shares Cross 4% Yield Mark (nasdaq.com)
- EX-Dividend Schedule: Mid-America Apartment Communities Raised its Dividend by 6%; Will Trade Ex-Dividend on January 11, 2018 (finance.yahoo.com)
- Hobnob Food & Social Exchange announces closing (bizjournals.com)
Mid-America Apartment Communities (NYSE:MAA) traded down $0.76 on Friday, reaching $91.32. The company had a trading volume of 856,951 shares, compared to its average volume of 671,544. The stock has a market capitalization of $10,380.00, a price-to-earnings ratio of 41.14, a P/E/G ratio of 2.22 and a beta of 0.34. Mid-America Apartment Communities has a 12 month low of $90.88 and a 12 month high of $110.95.
Mid-America Apartment Communities (NYSE:MAA) last released its quarterly earnings results on Wednesday, October 25th. The real estate investment trust reported $1.00 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.61. The company had revenue of $384.60 million during the quarter, compared to analyst estimates of $386.96 million. Mid-America Apartment Communities had a return on equity of 4.22% and a net margin of 16.73%. The firm’s revenue was up 38.9% on a year-over-year basis. During the same quarter last year, the business posted $1.47 earnings per share. equities research analysts expect that Mid-America Apartment Communities will post 5.92 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Friday, January 12th will be given a $0.9225 dividend. The ex-dividend date of this dividend is Thursday, January 11th. This represents a $3.69 annualized dividend and a yield of 4.04%. This is a positive change from Mid-America Apartment Communities’s previous quarterly dividend of $0.87. Mid-America Apartment Communities’s dividend payout ratio (DPR) is currently 156.76%.
MAA has been the subject of a number of research analyst reports. Royal Bank of Canada restated a “buy” rating and set a $110.00 price objective on shares of Mid-America Apartment Communities in a research report on Friday, November 3rd. SunTrust Banks restated a “buy” rating and set a $109.00 price objective on shares of Mid-America Apartment Communities in a research report on Friday, November 3rd. Cantor Fitzgerald restated a “buy” rating and set a $110.00 price objective on shares of Mid-America Apartment Communities in a research report on Monday, November 13th. Robert W. Baird restated a “buy” rating and set a $110.00 price objective on shares of Mid-America Apartment Communities in a research report on Friday, November 10th. Finally, Mizuho restated a “hold” rating and set a $110.00 price objective on shares of Mid-America Apartment Communities in a research report on Monday, November 6th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $110.50.
In related news, Director William Reid Sanders purchased 7,000 shares of the company’s stock in a transaction that occurred on Friday, October 27th. The stock was bought at an average price of $100.11 per share, for a total transaction of $700,770.00. Following the completion of the transaction, the director now owns 8,209 shares in the company, valued at approximately $821,802.99. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In the last quarter, insiders purchased 7,116 shares of company stock valued at $710,687. 1.25% of the stock is currently owned by company insiders.
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.
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