Mid-America Apartment Communities, Inc. (NYSE:MAA) – Research analysts at Jefferies Group lowered their Q4 2017 EPS estimates for shares of Mid-America Apartment Communities in a research report issued to clients and investors on Thursday. Jefferies Group analyst O. Okusanya now expects that the real estate investment trust will earn $1.45 per share for the quarter, down from their previous estimate of $1.49. Jefferies Group has a “Hold” rating on the stock. Jefferies Group also issued estimates for Mid-America Apartment Communities’ FY2018 earnings at $6.24 EPS and FY2019 earnings at $6.78 EPS.

Mid-America Apartment Communities (NYSE:MAA) last released its quarterly earnings data on Wednesday, October 25th. The real estate investment trust reported $1.00 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 period in the previous year, the company posted $1.47 EPS. The firm’s revenue for the quarter was up 38.9% compared to the same quarter last year.

A number of other analysts have also issued reports on the company. Royal Bank of Canada reiterated a “buy” rating and set a $110.00 price objective on shares of Mid-America Apartment Communities in a research note on Friday, November 3rd. Cantor Fitzgerald reiterated a “buy” rating and set a $110.00 price objective on shares of Mid-America Apartment Communities in a research note on Monday, November 13th. Stifel Nicolaus decreased their price objective on Mid-America Apartment Communities from $113.00 to $100.00 and set a “hold” rating on the stock in a research note on Friday, October 27th. SunTrust Banks reiterated a “buy” rating and set a $109.00 price objective on shares of Mid-America Apartment Communities in a research note on Friday, November 3rd. Finally, BTIG Research upgraded Mid-America Apartment Communities from a “neutral” rating to a “buy” rating and set a $116.00 price objective on the stock in a research note on Friday, September 8th. Nine equities research analysts have rated the stock with a hold rating, six 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 a consensus target price of $110.50.

Shares of Mid-America Apartment Communities (NYSE:MAA) opened at $102.45 on Friday. Mid-America Apartment Communities has a one year low of $92.50 and a one year high of $110.95. The stock has a market capitalization of $11,654.72, a price-to-earnings ratio of 17.27, a P/E/G ratio of 2.47 and a beta of 0.34.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Friday, January 12th will be given a dividend of $0.9225 per share. This represents a $3.69 annualized dividend and a yield of 3.60%. This is a boost from Mid-America Apartment Communities’s previous quarterly dividend of $0.87. The ex-dividend date of this dividend is Thursday, January 11th. Mid-America Apartment Communities’s payout ratio is presently 156.76%.

In other Mid-America Apartment Communities news, Director William Reid Sanders bought 7,000 shares of Mid-America Apartment Communities stock in a transaction that occurred on Friday, October 27th. The stock was acquired at an average cost of $100.11 per share, for a total transaction of $700,770.00. Following the completion of the transaction, the director now directly owns 8,209 shares in the company, valued at $821,802.99. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.25% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Oppenheimer Asset Management Inc. boosted its holdings in shares of Mid-America Apartment Communities by 0.8% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 7,677 shares of the real estate investment trust’s stock worth $809,000 after purchasing an additional 58 shares in the last quarter. People s United Financial Inc. boosted its holdings in shares of 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 worth $4,087,000 after purchasing an additional 146 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of 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 worth $335,000 after purchasing an additional 154 shares in the last quarter. Stifel Financial Corp boosted its holdings in shares of 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 worth $1,106,000 after purchasing an additional 180 shares in the last quarter. Finally, Pacer Advisors Inc. boosted its holdings in shares of Mid-America Apartment Communities by 8.0% in the 2nd quarter. Pacer Advisors Inc. now owns 2,776 shares of the real estate investment trust’s stock worth $293,000 after purchasing an additional 206 shares in the last quarter. Hedge funds and other institutional investors own 92.97% of the company’s stock.

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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)

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