Mid-America Apartment Communities, Inc. (NYSE:MAA) – Research analysts at KeyCorp lifted their FY2017 earnings per share estimates for shares of Mid-America Apartment Communities in a report issued on Monday. KeyCorp analyst A. Wurschmidt now forecasts that the real estate investment trust will earn $5.90 per share for the year, up from their previous estimate of $5.87.

MAA has been the topic of several other reports. BidaskClub lowered shares of Mid-America Apartment Communities from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Barclays PLC reiterated an “overweight” rating and issued a $117.00 price target (up from $116.00) on shares of Mid-America Apartment Communities in a research report on Wednesday, April 19th. Jefferies Group LLC reiterated a “buy” rating and issued a $115.00 price target on shares of Mid-America Apartment Communities in a research report on Monday, July 10th. Royal Bank Of Canada reiterated a “buy” rating and issued a $112.00 price target on shares of Mid-America Apartment Communities in a research report on Wednesday, August 9th. Finally, BMO Capital Markets reiterated a “buy” rating and issued a $105.00 price target on shares of Mid-America Apartment Communities in a research report on Thursday, July 27th. Three equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $108.83.

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Mid-America Apartment Communities (MAA) opened at 106.20 on Tuesday. Mid-America Apartment Communities has a 1-year low of $85.04 and a 1-year high of $110.95. The firm has a 50-day moving average of $103.23 and a 200-day moving average of $101.84. The stock has a market capitalization of $12.07 billion, a price-to-earnings ratio of 49.10 and a beta of 0.35.

Mid-America Apartment Communities (NYSE:MAA) last issued its quarterly earnings results on Wednesday, July 26th. The real estate investment trust reported $1.48 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.45 by $0.03. The firm had revenue of $382.80 million for the quarter, compared to analyst estimates of $382.17 million. Mid-America Apartment Communities had a net margin of 15.80% and a return on equity of 4.31%. Mid-America Apartment Communities’s quarterly revenue was up 40.6% compared to the same quarter last year. During the same period last year, the company posted $1.54 EPS.

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 31st. Investors of record on Friday, July 14th were paid a dividend of $0.87 per share. This represents a $3.48 annualized dividend and a dividend yield of 3.28%. The ex-dividend date of this dividend was Wednesday, July 12th. Mid-America Apartment Communities’s payout ratio is 148.72%.

A number of institutional investors have recently bought and sold shares of MAA. ING Groep NV increased its position in Mid-America Apartment Communities by 0.4% in the second quarter. ING Groep NV now owns 5,816 shares of the real estate investment trust’s stock worth $613,000 after buying an additional 22 shares in the last quarter. United Capital Financial Advisers LLC increased its position in Mid-America Apartment Communities by 1.1% in the first quarter. United Capital Financial Advisers LLC now owns 4,057 shares of the real estate investment trust’s stock worth $413,000 after buying an additional 45 shares in the last quarter. BB&T Corp increased its position in Mid-America Apartment Communities by 0.9% in the second quarter. BB&T Corp now owns 5,314 shares of the real estate investment trust’s stock worth $560,000 after buying an additional 47 shares in the last quarter. Quadrant Capital Management LLC increased its position in Mid-America Apartment Communities by 0.4% in the first quarter. Quadrant Capital Management LLC now owns 14,172 shares of the real estate investment trust’s stock worth $1,442,000 after buying an additional 50 shares in the last quarter. Finally, Cleararc Capital Inc. increased its position in Mid-America Apartment Communities by 1.9% in the first quarter. Cleararc Capital Inc. now owns 2,797 shares of the real estate investment trust’s stock worth $285,000 after buying an additional 53 shares in the last quarter. 92.35% of the stock is currently owned by institutional investors.

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.

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

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