Mid-America Apartment Communities (NYSE:MAA) will be posting its quarterly earnings results after the market closes on Tuesday, January 30th. Analysts expect Mid-America Apartment Communities to post earnings of $0.45 per share for the quarter.
Mid-America Apartment Communities (NYSE:MAA) last released its earnings results on Wednesday, October 25th. The real estate investment trust reported $1.00 earnings per share for the quarter, topping the Zacks’ 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 during the quarter, compared to the consensus estimate of $386.96 million. During the same quarter in the previous year, the company posted $1.47 EPS. Mid-America Apartment Communities’s quarterly revenue was up 38.9% compared to the same quarter last year. On average, analysts expect Mid-America Apartment Communities to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.
Shares of Mid-America Apartment Communities (MAA) opened at $93.25 on Tuesday. Mid-America Apartment Communities has a 12-month low of $90.88 and a 12-month high of $110.95. The firm has a market capitalization of $10,512.77, a P/E ratio of 42.00, a price-to-earnings-growth ratio of 2.14 and a beta of 0.34.
Several analysts have weighed in on MAA shares. Royal Bank of Canada reiterated a “buy” rating and issued a $110.00 price objective on shares of Mid-America Apartment Communities in a research report on Friday, November 3rd. Cantor Fitzgerald reiterated a “buy” rating and issued a $110.00 price objective on shares of Mid-America Apartment Communities in a research report on Monday, November 13th. Jefferies Group downgraded Mid-America Apartment Communities from a “buy” rating to a “hold” rating in a research report on Thursday, December 14th. Robert W. Baird reiterated a “buy” rating and issued a $110.00 price objective on shares of Mid-America Apartment Communities in a research report on Friday, November 10th. Finally, Stifel Nicolaus lowered their price objective on Mid-America Apartment Communities from $113.00 to $100.00 and set a “hold” rating for the company in a research report on Friday, October 27th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $110.50.
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 stock was bought at an average price of $100.11 per share, for a total transaction of $700,770.00. Following the completion of the acquisition, the director now directly owns 8,209 shares in the company, valued at $821,802.99. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In the last 90 days, insiders have purchased 7,116 shares of company stock valued at $710,687. 1.25% of the stock is owned by corporate insiders.
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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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