Mid-America Apartment Communities, Inc. (NYSE:MAA) – Stock analysts at SunTrust Banks raised their FY2017 earnings per share (EPS) estimates for shares of Mid-America Apartment Communities in a note issued to investors on Friday. SunTrust Banks analyst M. Lewis now forecasts that the real estate investment trust will post earnings per share of $5.99 for the year, up from their prior forecast of $5.98. SunTrust Banks also issued estimates for Mid-America Apartment Communities’ Q4 2017 earnings at $1.56 EPS.

A number of other brokerages have also weighed in on MAA. BMO Capital Markets reaffirmed a “buy” rating and set a $105.00 price objective on shares of Mid-America Apartment Communities in a report on Thursday, July 27th. Stifel Nicolaus started coverage on Mid-America Apartment Communities in a report on Thursday, August 31st. They set a “hold” rating and a $113.00 price objective on the stock. Zacks Investment Research raised Mid-America Apartment Communities from a “hold” rating to a “buy” rating and set a $111.00 price objective on the stock in a report on Wednesday, July 12th. BTIG Research raised Mid-America Apartment Communities from a “neutral” rating to a “buy” rating and set a $116.00 price objective on the stock in a report on Friday. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $115.00 price objective on shares of Mid-America Apartment Communities in a report on Monday, July 10th. Three investment analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $109.75.

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Mid-America Apartment Communities (NYSE:MAA) opened at 107.94 on Monday. The stock’s 50 day moving average price is $105.21 and its 200-day moving average price is $102.98. Mid-America Apartment Communities has a 12 month low of $85.04 and a 12 month high of $110.95. The stock has a market cap of $12.26 billion, a price-to-earnings ratio of 49.90 and a beta of 0.35.

Mid-America Apartment Communities (NYSE:MAA) last issued its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $1.48 EPS for the quarter, topping analysts’ consensus estimates of $1.45 by $0.03. The business had revenue of $382.80 million for the quarter, compared to analysts’ expectations of $382.17 million. Mid-America Apartment Communities had a net margin of 15.80% and a return on equity of 4.31%. The business’s revenue was up 40.6% on a year-over-year basis. During the same quarter last year, the company earned $1.54 EPS.

In other news, Director David P. Stockert sold 6,872 shares of the company’s stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $106.34, for a total value of $730,768.48. Following the sale, the director now directly owns 77,180 shares in the company, valued at $8,207,321.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.25% of the stock is owned by corporate insiders.

Several large investors have recently modified their holdings of MAA. Bronfman E.L. Rothschild L.P. lifted its position in shares of Mid-America Apartment Communities by 32.9% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 1,542 shares of the real estate investment trust’s stock valued at $162,000 after acquiring an additional 382 shares in the last quarter. Commerzbank Aktiengesellschaft FI purchased a new stake in shares of Mid-America Apartment Communities in the first quarter valued at $217,000. Commerce Bank purchased a new stake in shares of Mid-America Apartment Communities in the second quarter valued at $223,000. BB&T Securities LLC purchased a new stake in shares of Mid-America Apartment Communities in the second quarter valued at $237,000. Finally, MAI Capital Management purchased a new stake in shares of Mid-America Apartment Communities in the second quarter valued at $247,000. Institutional investors and hedge funds own 91.83% of the company’s stock.

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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