Zacks: Analysts Anticipate Mid-America Apartment Communities Inc (MAA) to Announce $1.48 EPS

Wall Street brokerages predict that Mid-America Apartment Communities Inc (NYSE:MAA) will report $1.48 earnings per share for the current quarter, Zacks Investment Research reports. Six analysts have provided estimates for Mid-America Apartment Communities’ earnings, with the highest EPS estimate coming in at $1.52 and the lowest estimate coming in at $1.45. Mid-America Apartment Communities posted earnings per share of $1.50 in the same quarter last year, which suggests a negative year over year growth rate of 1.3%. The firm is scheduled to report its next earnings results after the market closes on Wednesday, January 31st.

On average, analysts expect that Mid-America Apartment Communities will report full year earnings of $5.92 per share for the current fiscal year, with EPS estimates ranging from $5.88 to $5.95. For the next year, analysts anticipate that the firm will post earnings of $6.17 per share, with EPS estimates ranging from $6.01 to $6.26. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Mid-America Apartment Communities.

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

MAA has been the topic of several recent analyst reports. Stifel Nicolaus raised Mid-America Apartment Communities from a “hold” rating to a “buy” rating and set a $100.00 price target on the stock in a research report on Friday. They noted that the move was a valuation call. Jefferies Group lowered Mid-America Apartment Communities from a “buy” rating to a “hold” rating in a research report on Thursday, December 14th. Raymond James Financial reaffirmed a “market perform” rating on shares of Mid-America Apartment Communities in a research report on Wednesday, November 29th. Mizuho reaffirmed a “hold” rating and set a $106.00 price target on shares of Mid-America Apartment Communities in a research report on Sunday, October 15th. Finally, Robert W. Baird reaffirmed a “buy” rating and set a $110.00 price target on shares of Mid-America Apartment Communities in a research report on Friday, November 10th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $110.50.

Mid-America Apartment Communities (MAA) traded up $0.98 during midday trading on Friday, reaching $92.52. The company’s stock had a trading volume of 711,600 shares, compared to its average volume of 778,067. The company has a market cap of $10,510.00, a PE ratio of 41.68, a price-to-earnings-growth ratio of 2.15 and a beta of 0.34. Mid-America Apartment Communities has a 12-month low of $90.88 and a 12-month high of $110.95.

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 issued a dividend of $0.9225 per share. The ex-dividend date is Thursday, January 11th. This is a positive change from Mid-America Apartment Communities’s previous quarterly dividend of $0.87. This represents a $3.69 dividend on an annualized basis and a dividend yield of 3.99%. Mid-America Apartment Communities’s payout ratio is presently 166.22%.

In other Mid-America Apartment Communities news, Director William Reid Sanders bought 7,000 shares of the firm’s stock in a transaction that occurred on Friday, October 27th. The shares were 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have purchased a total of 7,116 shares of company stock worth $710,687 over the last three months. 1.25% of the stock is owned by insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Group One Trading L.P. bought a new stake in Mid-America Apartment Communities in the 3rd quarter valued at $209,000. IFM Investors Pty Ltd bought a new stake in Mid-America Apartment Communities in the 3rd quarter valued at $217,000. Timber Hill LLC bought a new stake in Mid-America Apartment Communities in the 3rd quarter valued at $218,000. Independent Advisor Alliance bought a new stake in Mid-America Apartment Communities in the 3rd quarter valued at $227,000. Finally, Parametrica Management Ltd bought a new stake in Mid-America Apartment Communities in the 3rd quarter valued at $236,000. Institutional investors and hedge funds own 92.78% of the company’s stock.

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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.

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

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