Analysts expect Mid-America Apartment Communities Inc (NYSE:MAA) to post sales of $386.33 million for the current fiscal quarter, according to Zacks Investment Research. Six analysts have provided estimates for Mid-America Apartment Communities’ earnings, with the lowest sales estimate coming in at $381.72 million and the highest estimate coming in at $390.12 million. Mid-America Apartment Communities posted sales of $307.20 million during the same quarter last year, which suggests a positive year over year growth rate of 25.8%. The business is expected to report its next earnings report after the market closes on Wednesday, January 31st.
According to Zacks, analysts expect that Mid-America Apartment Communities will report full year sales of $386.33 million for the current year, with estimates ranging from $1.53 billion to $1.54 billion. For the next fiscal year, analysts forecast that the business will report sales of $1.58 billion per share, with estimates ranging from $1.56 billion to $1.62 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow Mid-America Apartment Communities.
Mid-America Apartment Communities (NYSE:MAA) last released its quarterly earnings data on Wednesday, October 25th. The real estate investment trust reported $1.00 EPS for the quarter, topping the consensus estimate 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 quarterly revenue was up 38.9% on a year-over-year basis. During the same period last year, the business posted $1.47 EPS.
Mid-America Apartment Communities (NYSE MAA) opened at $92.52 on Friday. The company has a market capitalization of $10,401.42, a price-to-earnings ratio of 41.68, a price-to-earnings-growth ratio of 2.12 and a beta of 0.34. Mid-America Apartment Communities has a fifty-two week low of $90.88 and a fifty-two week high of $110.95.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders 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 3.99%. The ex-dividend date is Thursday, January 11th. This is a boost from Mid-America Apartment Communities’s previous quarterly dividend of $0.87. Mid-America Apartment Communities’s dividend payout ratio (DPR) is 166.22%.
In related news, Director William Reid Sanders bought 7,000 shares of the company’s stock in a transaction on Friday, October 27th. The shares were acquired at an average price of $100.11 per share, with a total value of $700,770.00. Following the transaction, 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 at this hyperlink. Insiders have acquired a total of 7,116 shares of company stock worth $710,687 in the last ninety days. Insiders own 1.25% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in MAA. Group One Trading L.P. bought a new stake in Mid-America Apartment Communities during the 3rd quarter valued at $209,000. IFM Investors Pty Ltd bought a new stake in Mid-America Apartment Communities during the 3rd quarter valued at $217,000. Timber Hill LLC bought a new stake in Mid-America Apartment Communities during the 3rd quarter valued at $218,000. Independent Advisor Alliance bought a new stake in Mid-America Apartment Communities during the 3rd quarter valued at $227,000. Finally, Parametrica Management Ltd bought a new stake in Mid-America Apartment Communities during the 3rd quarter valued at $236,000. 92.78% of the stock is currently owned by institutional investors and hedge funds.
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.
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