Mid-America Apartment Communities, Inc. (NYSE:MAA) – Stock analysts at SunTrust Banks lowered their FY2018 earnings estimates for shares of Mid-America Apartment Communities in a report issued on Thursday. SunTrust Banks analyst M. Lewis now anticipates that the real estate investment trust will post earnings of $6.21 per share for the year, down from their previous forecast of $6.34. SunTrust Banks currently has a “Buy” rating and a $109.00 target price on the stock. SunTrust Banks also issued estimates for Mid-America Apartment Communities’ FY2019 earnings at $6.68 EPS, FY2020 earnings at $6.93 EPS and FY2021 earnings at $7.15 EPS.

MAA has been the subject of several other research reports. Raymond James Financial reaffirmed a “market perform” rating on shares of Mid-America Apartment Communities in a report on Wednesday, November 29th. UBS cut Mid-America Apartment Communities from an “outperform” rating to a “market perform” rating in a report on Wednesday, November 29th. BMO Capital Markets cut Mid-America Apartment Communities from an “outperform” rating to a “market perform” rating and set a $107.00 price target for the company. in a report on Monday, November 27th. Cantor Fitzgerald reissued a “buy” rating and set a $110.00 target price on shares of Mid-America Apartment Communities in a research note on Monday, November 13th. Finally, Robert W. Baird reissued a “buy” rating and set a $110.00 target price on shares of Mid-America Apartment Communities in a research note on Friday, November 10th. Eight investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $110.50.

Mid-America Apartment Communities (MAA) opened at $103.13 on Monday. The firm has a market capitalization of $11,718.35, a P/E ratio of 17.36, a PEG ratio of 2.49 and a beta of 0.34. Mid-America Apartment Communities has a 1 year low of $91.94 and a 1 year high of $110.95.

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, topping analysts’ consensus estimates of $0.39 by $0.61. The company had revenue of $384.60 million for the quarter, compared to the consensus estimate of $386.96 million. Mid-America Apartment Communities had a return on equity of 4.22% and a net margin of 16.73%. Mid-America Apartment Communities’s revenue for the quarter was up 38.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.47 earnings per share.

A number of hedge funds have recently modified their holdings of the stock. Oppenheimer Asset Management Inc. boosted its stake in shares of Mid-America Apartment Communities by 0.8% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 7,677 shares of the real estate investment trust’s stock worth $809,000 after acquiring an additional 58 shares in the last quarter. IFP Advisors Inc lifted its stake in Mid-America Apartment Communities by 1.7% in the 2nd quarter. IFP Advisors Inc now owns 4,963 shares of the real estate investment trust’s stock valued at $523,000 after buying an additional 83 shares in the last quarter. People s United Financial Inc. lifted its stake in Mid-America Apartment Communities by 0.4% in the 2nd quarter. People s United Financial Inc. now owns 38,782 shares of the real estate investment trust’s stock valued at $4,087,000 after buying an additional 146 shares in the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in Mid-America Apartment Communities by 5.1% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 3,184 shares of the real estate investment trust’s stock valued at $335,000 after buying an additional 154 shares in the last quarter. Finally, Stifel Financial Corp lifted its stake in Mid-America Apartment Communities by 1.7% in the 2nd quarter. Stifel Financial Corp now owns 10,478 shares of the real estate investment trust’s stock valued at $1,106,000 after buying an additional 180 shares in the last quarter. Hedge funds and other institutional investors own 92.97% of the company’s stock.

In other news, Director William Reid Sanders bought 7,000 shares of Mid-America Apartment Communities stock in a transaction dated Friday, October 27th. The stock was acquired at an average cost of $100.11 per share, with a total value of $700,770.00. Following the acquisition, the director now owns 8,209 shares of the company’s stock, valued at $821,802.99. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. 1.25% of the stock is owned by insiders.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Friday, January 12th will be issued a dividend of $0.9225 per share. This represents a $3.69 dividend on an annualized basis and a yield of 3.58%. This is an increase from Mid-America Apartment Communities’s previous quarterly dividend of $0.87. The ex-dividend date is Thursday, January 11th. Mid-America Apartment Communities’s payout ratio is 156.76%.

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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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