Mid-America Apartment Communities (MAA) Given Daily News Impact Score of 0.14
Media stories about Mid-America Apartment Communities (NYSE:MAA) have trended somewhat positive recently, Accern Sentiment reports. Accern scores the sentiment of news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Mid-America Apartment Communities earned a news impact score of 0.14 on Accern’s scale. Accern also gave headlines about the real estate investment trust an impact score of 45.6017079550187 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the news headlines that may have impacted Accern Sentiment’s scoring:
- Mid-America Apartment Cheers Investors With 6% Dividend Hike (finance.yahoo.com)
- Mid-America Apartment Communities, Inc. (MAA) Declares Quarterly Dividend of $0.92 (americanbankingnews.com)
- MAA Announces 6% Increase in Common Dividend (finance.yahoo.com)
- Mid America Apartment Communities Inc.: MAA Announces Regular Quarterly Preferred Dividend (twst.com)
Several equities analysts have recently weighed in on the stock. 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. JMP Securities downgraded shares of Mid-America Apartment Communities from an “outperform” rating to a “market perform” rating in a research note on Thursday, October 19th. Mizuho reissued a “hold” rating and issued a $106.00 price target on shares of Mid-America Apartment Communities in a research note on Sunday, October 15th. ValuEngine downgraded shares of Mid-America Apartment Communities from a “buy” rating to a “hold” rating in a research note on Thursday, September 28th. Finally, Royal Bank Of Canada reissued a “buy” rating and issued a $112.00 price target on shares of Mid-America Apartment Communities in a research note on Wednesday, August 9th. Eight investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $110.50.
Mid-America Apartment Communities (NYSE MAA) traded down $0.06 during trading on Thursday, reaching $102.27. 528,222 shares of the company traded hands, compared to its average volume of 674,118. Mid-America Apartment Communities has a 52-week low of $88.65 and a 52-week high of $110.95. The firm has a market capitalization of $11,522.91, a PE ratio of 17.07, a P/E/G ratio of 2.45 and a beta of 0.34.
Mid-America Apartment Communities (NYSE:MAA) last released its quarterly earnings data on Wednesday, October 25th. The real estate investment trust reported $1.00 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.61. Mid-America Apartment Communities had a net margin of 16.73% and a return on equity of 4.22%. The firm had revenue of $384.60 million during the quarter, compared to analysts’ expectations of $386.96 million. During the same period last year, the business earned $1.47 earnings per share. Mid-America Apartment Communities’s revenue was up 38.9% compared to the same quarter last year. sell-side analysts anticipate that Mid-America Apartment Communities will post 5.91 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Friday, January 12th will be given a dividend of $0.9225 per share. This is a boost from Mid-America Apartment Communities’s previous quarterly dividend of $0.87. This represents a $3.69 annualized dividend and a yield of 3.61%. The ex-dividend date is Thursday, January 11th. Mid-America Apartment Communities’s dividend payout ratio (DPR) is presently 156.76%.
In other news, Director William Reid Sanders acquired 7,000 shares of the business’s stock in a transaction that occurred on Friday, October 27th. The stock was purchased at an average cost 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 $821,802.99. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.25% of the stock is currently owned by company insiders.
About Mid-America Apartment Communities
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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