Mid-America Apartment Communities Inc. Announces Quarterly Dividend of $0.70 (MAA)
Mid-America Apartment Communities (NYSE:MAA) declared a quarterly dividend on Monday, September 30th, AnalystRatings.Net reports. Shareholders of record on Tuesday, October 15th will be given a dividend of $0.695 per share on Thursday, October 31st. This represents a $2.78 dividend on an annualized basis and a yield of 4.40%.
A number of analysts have recently weighed in on MAA shares. Analysts at Jefferies Group reiterated a “hold” rating on shares of Mid-America Apartment Communities (NYSE:MAA) in a research note to investors on Friday, September 13th. They now have a $64.00 price target on the stock, down previously from $69.00. On a related note, analysts at RBC Capital cut their price target on shares of Mid-America Apartment Communities (NYSE:MAA) from $74.00 to $71.00 in a research note to investors on Wednesday, August 14th. They now have a “sector perform” rating on the stock. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $70.50.
Mid-America Apartment Communities (NYSE:MAA) traded down 0.65% during mid-day trading on Monday, hitting $62.75. The stock had a trading volume of 79,684 shares. Mid-America Apartment Communities has a 52 week low of $60.19 and a 52 week high of $74.94. The stock has a 50-day moving average of $62.43 and a 200-day moving average of $66.96. The company has a market cap of $2.682 billion and a price-to-earnings ratio of 19.97.
Mid-America Apartment Communities (NYSE:MAA) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $1.27 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.22 by $0.05. The company had revenue of $133.90 million for the quarter, compared to the consensus estimate of $137.07 million. During the same quarter in the prior year, the company posted $1.13 earnings per share. The company’s quarterly revenue was up 12.7% on a year-over-year basis. On average, analysts predict that Mid-America Apartment Communities will post $4.86 earnings per share for the current fiscal year.
Mid-America Apartment Communities, Inc (NYSE:MAA) is a self-administered and self-managed real estate investment trust (REIT).
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.