Brokerages expect Mid-America Apartment Communities Inc (NYSE:MAA) to report $399.84 million in sales for the current quarter, according to Zacks. Seven analysts have made estimates for Mid-America Apartment Communities’ earnings, with the lowest sales estimate coming in at $397.98 million and the highest estimate coming in at $401.50 million. Mid-America Apartment Communities reported sales of $386.02 million during the same quarter last year, which would suggest a positive year over year growth rate of 3.6%. The business is scheduled to issue its next quarterly earnings report on Wednesday, May 1st.

On average, analysts expect that Mid-America Apartment Communities will report full year sales of $1.62 billion for the current fiscal year, with estimates ranging from $1.61 billion to $1.63 billion. For the next financial year, analysts anticipate that the business will post sales of $1.66 billion, with estimates ranging from $1.63 billion to $1.69 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow Mid-America Apartment Communities.

Mid-America Apartment Communities (NYSE:MAA) last issued its earnings results on Wednesday, January 30th. The real estate investment trust reported $1.55 EPS for the quarter, hitting the consensus estimate of $1.55. Mid-America Apartment Communities had a net margin of 14.01% and a return on equity of 3.41%. The company had revenue of $398.15 million for the quarter, compared to the consensus estimate of $399.19 million. During the same period in the previous year, the firm earned $1.50 earnings per share. The firm’s revenue for the quarter was up 4.0% on a year-over-year basis.

Several research analysts recently commented on MAA shares. Barclays reaffirmed a “buy” rating on shares of Mid-America Apartment Communities in a research note on Wednesday, November 28th. Zacks Investment Research raised shares of Mid-America Apartment Communities from a “sell” rating to a “hold” rating in a research report on Thursday, February 14th. Raymond James raised shares of Mid-America Apartment Communities from a “market perform” rating to an “outperform” rating in a research report on Tuesday, January 8th. BMO Capital Markets reissued a “hold” rating and set a $102.00 price objective on shares of Mid-America Apartment Communities in a research report on Wednesday, January 30th. Finally, TheStreet raised shares of Mid-America Apartment Communities from a “c+” rating to a “b-” rating in a research report on Thursday, February 14th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $104.56.

In other Mid-America Apartment Communities news, CFO Albert M. Campbell III sold 280 shares of the business’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $107.04, for a total transaction of $29,971.20. Following the transaction, the chief financial officer now directly owns 44,582 shares of the company’s stock, valued at approximately $4,772,057.28. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO H Eric Bolton, Jr. sold 338 shares of the business’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $107.04, for a total transaction of $36,179.52. Following the sale, the chief executive officer now owns 222,316 shares in the company, valued at approximately $23,796,704.64. The disclosure for this sale can be found here. Over the last three months, insiders have sold 3,942 shares of company stock worth $404,628. Insiders own 1.26% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. Advisor Partners LLC boosted its holdings in shares of Mid-America Apartment Communities by 3.4% during the 4th quarter. Advisor Partners LLC now owns 4,467 shares of the real estate investment trust’s stock valued at $427,000 after buying an additional 145 shares in the last quarter. WealthPLAN Partners LLC boosted its holdings in shares of Mid-America Apartment Communities by 5.1% during the 4th quarter. WealthPLAN Partners LLC now owns 4,972 shares of the real estate investment trust’s stock valued at $518,000 after buying an additional 240 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Mid-America Apartment Communities by 2.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 10,476 shares of the real estate investment trust’s stock valued at $1,002,000 after buying an additional 241 shares in the last quarter. Fox Run Management L.L.C. boosted its holdings in shares of Mid-America Apartment Communities by 10.8% during the 4th quarter. Fox Run Management L.L.C. now owns 2,484 shares of the real estate investment trust’s stock valued at $238,000 after buying an additional 242 shares in the last quarter. Finally, Janney Montgomery Scott LLC boosted its holdings in shares of Mid-America Apartment Communities by 7.0% during the 4th quarter. Janney Montgomery Scott LLC now owns 4,079 shares of the real estate investment trust’s stock valued at $390,000 after buying an additional 268 shares in the last quarter. Hedge funds and other institutional investors own 93.12% of the company’s stock.

Shares of NYSE MAA traded down $0.24 during mid-day trading on Tuesday, hitting $108.01. The stock had a trading volume of 8,581 shares, compared to its average volume of 611,549. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 0.71. Mid-America Apartment Communities has a 1 year low of $86.61 and a 1 year high of $108.29. The company has a market cap of $12.23 billion, a price-to-earnings ratio of 17.88, a PEG ratio of 3.31 and a beta of 0.49.

Mid-America Apartment Communities Company Profile

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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