Analysts forecast that Mid-America Apartment Communities, Inc. (NYSE:MAA) will post $1.47 earnings per share for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for Mid-America Apartment Communities’ earnings, with the highest EPS estimate coming in at $1.49 and the lowest estimate coming in at $1.46. Mid-America Apartment Communities reported earnings of $1.49 per share during the same quarter last year, which indicates a negative year over year growth rate of 1.3%. The business is expected to announce its next earnings results on Thursday, October 26th.

According to Zacks, analysts expect that Mid-America Apartment Communities will report full year earnings of $5.90 per share for the current fiscal year, with EPS estimates ranging from $5.82 to $5.98. For the next financial year, analysts expect that the company will report earnings of $6.36 per share, with EPS estimates ranging from $6.25 to $6.50. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that follow Mid-America Apartment Communities.

Mid-America Apartment Communities (NYSE:MAA) last released its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $1.48 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.45 by $0.03. The business had revenue of $382.80 million during the quarter, compared to analysts’ expectations of $382.17 million. Mid-America Apartment Communities had a return on equity of 4.31% and a net margin of 15.80%. The business’s quarterly revenue was up 40.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.54 EPS.

Several analysts have recently weighed in on MAA shares. BidaskClub downgraded Mid-America Apartment Communities from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 27th. Royal Bank Of Canada restated a “buy” rating on shares of Mid-America Apartment Communities in a research note on Thursday, April 27th. Zacks Investment Research upgraded Mid-America Apartment Communities from a “hold” rating to a “buy” rating and set a $111.00 target price for the company in a research note on Wednesday, July 12th. Jefferies Group LLC restated a “buy” rating and set a $115.00 target price on shares of Mid-America Apartment Communities in a research note on Monday, July 10th. Finally, BMO Capital Markets restated a “buy” rating and set a $105.00 target price on shares of Mid-America Apartment Communities in a research note on Thursday, July 27th. One analyst has rated the stock with a sell rating, four have issued a hold rating and ten have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $107.62.

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Mid-America Apartment Communities (NYSE MAA) opened at 104.02 on Tuesday. Mid-America Apartment Communities has a 52-week low of $85.04 and a 52-week high of $110.95. The stock’s 50 day moving average price is $104.55 and its 200 day moving average price is $101.35. The firm has a market capitalization of $11.82 billion, a PE ratio of 48.09 and a beta of 0.35.

The company also recently declared a quarterly dividend, which was paid on Monday, July 31st. Investors of record on Friday, July 14th were paid a $0.87 dividend. The ex-dividend date was Wednesday, July 12th. This represents a $3.48 dividend on an annualized basis and a yield of 3.35%. Mid-America Apartment Communities’s dividend payout ratio (DPR) is 148.72%.

A number of institutional investors have recently bought and sold shares of the company. BlackRock Inc. increased its position in Mid-America Apartment Communities by 2,003.1% in the first quarter. BlackRock Inc. now owns 10,265,099 shares of the real estate investment trust’s stock worth $1,044,371,000 after buying an additional 9,777,008 shares during the period. Alliancebernstein L.P. increased its position in Mid-America Apartment Communities by 132.1% in the first quarter. Alliancebernstein L.P. now owns 1,261,902 shares of the real estate investment trust’s stock worth $128,386,000 after buying an additional 718,168 shares during the period. Wells Fargo & Company MN increased its position in Mid-America Apartment Communities by 291.5% in the first quarter. Wells Fargo & Company MN now owns 946,211 shares of the real estate investment trust’s stock worth $96,267,000 after buying an additional 704,500 shares during the period. Renaissance Technologies LLC increased its position in Mid-America Apartment Communities by 48.9% in the first quarter. Renaissance Technologies LLC now owns 1,433,141 shares of the real estate investment trust’s stock worth $145,808,000 after buying an additional 470,800 shares during the period. Finally, Vanguard Group Inc. increased its position in Mid-America Apartment Communities by 2.0% in the first quarter. Vanguard Group Inc. now owns 19,723,897 shares of the real estate investment trust’s stock worth $2,006,709,000 after buying an additional 391,852 shares during the period. Institutional investors and hedge funds own 92.30% of the company’s stock.

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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Earnings History and Estimates for Mid-America Apartment Communities (NYSE:MAA)

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