Mid-America Apartment Communities, Inc. (NYSE:MAA) – Research analysts at DA Davidson lowered their Q2 2018 earnings per share estimates for shares of Mid-America Apartment Communities in a research note issued to investors on Friday. DA Davidson analyst J. Lykins now anticipates that the real estate investment trust will post earnings per share of $1.54 for the quarter, down from their previous estimate of $1.55. DA Davidson also issued estimates for Mid-America Apartment Communities’ FY2018 earnings at $6.26 EPS.

A number of other equities research analysts also recently issued reports on the company. Jefferies Group LLC reiterated a “buy” rating and issued a $115.00 price objective on shares of Mid-America Apartment Communities in a research report on Monday, July 10th. BTIG Research upgraded Mid-America Apartment Communities from a “neutral” rating to a “buy” rating and set a $116.00 price target on the stock in a research report on Friday, September 8th. ValuEngine upgraded Mid-America Apartment Communities from a “hold” rating to a “buy” rating in a research report on Friday, September 8th. Zacks Investment Research downgraded Mid-America Apartment Communities from a “buy” rating to a “hold” rating in a research report on Monday, July 17th. Finally, Stifel Nicolaus started coverage on Mid-America Apartment Communities in a research report on Thursday, August 31st. They set a “hold” rating and a $113.00 price target on the stock. Six investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Mid-America Apartment Communities currently has a consensus rating of “Buy” and an average price target of $109.09.

COPYRIGHT VIOLATION WARNING: This report was first reported by American Banking News and is the sole property of of American Banking News. If you are reading this report on another publication, it was illegally copied and reposted in violation of United States and international copyright laws. The original version of this report can be viewed at https://www.americanbankingnews.com/2017/10/30/q2-2018-eps-estimates-for-mid-america-apartment-communities-inc-maa-reduced-by-da-davidson.html.

Mid-America Apartment Communities (NYSE:MAA) opened at 100.55 on Monday. The company has a market cap of $11.42 billion, a price-to-earnings ratio of 46.49 and a beta of 0.37. Mid-America Apartment Communities has a 52 week low of $87.59 and a 52 week high of $110.95. The stock has a 50 day moving average price of $106.70 and a 200 day moving average price of $104.34.

Mid-America Apartment Communities (NYSE:MAA) last issued its quarterly earnings results on Wednesday, October 25th. The real estate investment trust reported $1.00 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.61. Mid-America Apartment Communities had a return on equity of 4.22% and a net margin of 16.73%. The company had revenue of $384.60 million for the quarter, compared to analyst estimates of $386.96 million. During the same quarter last year, the company posted $1.47 EPS. The company’s revenue for the quarter was up 38.9% compared to the same quarter last year.

Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Mid-America Apartment Communities by 1.4% during the second quarter. Vanguard Group Inc. now owns 20,004,797 shares of the real estate investment trust’s stock valued at $2,108,105,000 after buying an additional 280,900 shares during the last quarter. BlackRock Inc. grew its stake in shares of Mid-America Apartment Communities by 1.7% in the second quarter. BlackRock Inc. now owns 10,441,227 shares of the real estate investment trust’s stock worth $1,100,295,000 after purchasing an additional 176,128 shares during the last quarter. APG Asset Management US Inc. grew its stake in shares of Mid-America Apartment Communities by 7.7% in the second quarter. APG Asset Management US Inc. now owns 3,639,414 shares of the real estate investment trust’s stock worth $383,521,000 after purchasing an additional 260,897 shares during the last quarter. Alliancebernstein L.P. grew its stake in shares of Mid-America Apartment Communities by 90.7% in the second quarter. Alliancebernstein L.P. now owns 2,406,670 shares of the real estate investment trust’s stock worth $253,615,000 after purchasing an additional 1,144,768 shares during the last quarter. Finally, Cbre Clarion Securities LLC grew its stake in shares of Mid-America Apartment Communities by 3.1% in the second quarter. Cbre Clarion Securities LLC now owns 1,934,644 shares of the real estate investment trust’s stock worth $203,873,000 after purchasing an additional 58,353 shares during the last quarter. 90.99% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Director William Reid Sanders acquired 7,000 shares of Mid-America Apartment Communities stock in a transaction dated Friday, October 27th. The shares were purchased at an average cost of $100.11 per share, with a total value of $700,770.00. Following the completion of the purchase, the director now owns 8,209 shares of the company’s stock, valued at $821,802.99. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director David P. Stockert sold 6,872 shares of the firm’s stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $106.34, for a total value of $730,768.48. Following the transaction, the director now directly owns 77,180 shares in the company, valued at $8,207,321.20. The disclosure for this sale can be found here. 1.25% of the stock is currently owned by company insiders.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 31st. Stockholders of record on Friday, October 13th will be paid a dividend of $0.87 per share. The ex-dividend date is Thursday, October 12th. This represents a $3.48 dividend on an annualized basis and a dividend yield of 3.46%. Mid-America Apartment Communities’s dividend payout ratio (DPR) is currently 156.76%.

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.

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

Receive News & Ratings for Mid-America Apartment Communities Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Mid-America Apartment Communities Inc. and related companies with MarketBeat.com's FREE daily email newsletter.